Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur télécharger pdf (Page 119)

1934, as amended), directly or indirectly, of Voting Stock of the Company (or securities convertible into or

exchangeable for such Voting Stock) representing more than 30% of the combined

voting power of all Voting Stock of the Company (on a fully diluted basis); or

(b) a majority of the members of the board of directors of the Company are not Continuing Directors

at any time.

"Citibank" has the meaning specified in the recital of parties to this Agreement.

"Commitment" means a Revolving Credit Commitment or a Letter of Credit Commitment.

"Commitment Date" has the meaning specified in Section 2.19(b).

"Commitment Increase" has the meaning specified in Section 2.19(a).

"Company" has the meaning specified in the recital of parties to this Agreement.

"Consenting Lender" has the meaning specified in Section 2.17(b).

"Consolidated Net Interest Expense" means, with respect to the Company and its Subsidiaries for any period,

(a) total interest expense (including, without limitation, the interest component on all obligations under Capitalized Leases

during such period) of the Company and its Subsidiaries for such period less (b) total interest income of the Company and its

Subsidiaries for such period, in each case determined on a consolidated basis for the Company and its Subsidiaries in

accordance with GAAP; provided, however, that calculation of Consolidated Net Interest Expense for that period shall

exclude any income/expense for that period associated with spot-to-forward differences or points on foreign currency trades

that are included in interest income/expense as a result of Statement of Financial Accounting Standards No. 133, as amended

and interpreted.

"Continuing Director" means an individual who is a member of the board of directors of the Company on the date

of this Agreement or whose election to the board of directors of the Company is approved by a majority of the other

Continuing Directors.

"Convert", "Conversion" and "Converted" each refers to a conversion of Advances of one Type into Advances of

another Type or the continuation of Advances of the same Type for another Interest Period pursuant to Section 2.08 or 2.09.

"Default" means any Event of Default or any event that would constitute an Event of Default but for the requirement

that notice be given or time elapse or both.

"Defaulted Advance" means, with respect to any Lender at any time, the portion of any Advance required to be

made by such Lender to any Borrower, pursuant to Sections 2.01 and 2.02 at or prior to such time that has not been made or

purchased by such Lender or by the Administrative Agent for the account of such Lender pursuant to

Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar

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Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur Page 119