America Online 2009 Annual Report Download - page 184

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are required to consent to such termination and release (or in any other manner reasonably acceptable to Time Warner), and, in the case of a letter of credit or
bank guarantee, by the surrender of the original TW Support Obligation to Time Warner or the originating bank and such bank's confirmation to Time Warner
of cancelation thereof and (b) with respect to any AOL Primary Obligation, that all obligations and liabilities of AOL and its subsidiaries in respect of such
AOL Primary Obligation are released and terminated.
"Spin-Off" has the meaning set forth in the recitals.
"Time Warner" has the meaning set forth in the preamble.
"TW Credit Fee Letter" means the TW Credit Fee Letter dated as of the date hereof between Time Warner and AOL.
"TW Credit Support Certificate" has the meaning set forth in Section 7.
"TW Payment" means any payment in respect of or in connection with any TW Support Obligation or the Guarantee (including any payment in
the form of collateral delivered by Time Warner in respect of any TW Support Obligation).
"TW Support Obligations" means the guarantees, surety bonds, letters of credit and other obligations set forth on Schedule 1 hereto.
(b) Interpretation. Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the
other gender as the context requires. The terms "hereof," "herein" "and "herewith" and words of similar import, unless otherwise stated, shall be construed to
refer to this Agreement as a whole (including the schedules hereto) and not to any particular provision of this Agreement. Section and Schedule references are
to the sections and schedules of or to this Agreement unless otherwise specified. Any reference herein to this Agreement, unless otherwise stated, shall be
construed to refer to this Agreement as amended, supplemented or otherwise modified from time to time, as permitted by Section 10. The word "including"
and words of similar import when used in this Agreement shall mean "including, without limitation," unless the context otherwise requires or unless otherwise
specified. The word "or" shall not be exclusive.
SECTION 2. Credit Support. Time Warner hereby agrees that, during the Credit Support Period, (a) it will maintain and continue, satisfy and comply in
full with, and cause its subsidiaries to maintain and continue, satisfy and comply in full, for the benefit of AOL, and will not take any action, or cause any of
its subsidiaries to take any action, to terminate (other than at the request of AOL) the TW Support Obligations and (b) it will, and will cause its subsidiaries to,
renew or extend any TW Support Obligations, in each case until the Credit Support Termination Date; provided that (i) Time Warner and its subsidiaries shall
not be required to renew or extend any TW Support Obligation (A) beyond the expiration date of the relevant AOL Primary Obligation in support or
guarantee of which such TW Support Obligation has been provided or (B) which has been Released and (ii) Time Warner and its subsidiaries shall be
permitted to terminate
4