"Responsible Officer" means the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the General
Counsel of each Borrower (or other executive officers of any Borrower performing similar functions) or any other officer of
any Borrower or any of its Subsidiaries responsible for overseeing or reviewing compliance with this Agreement and the
Notes.
"Revolving Credit Commitment" means, with respect to any Lender, the amount set forth opposite such Lender's
name on the signature pages hereof under the caption "Revolving Credit Commitment" or, if such Lender has entered into an
Assignment and Acceptance or an Assumption Agreement, as the case may be, the amount set forth for such Lender in the
Register maintained by the Administrative Agent pursuant to Section 9.07(d), in each case as such amount may be reduced
pursuant to Section 2.05(a) or increased pursuant to Section 2.19.
"S&P" means Standard & Poor's Ratings Group, a division of The McGraw-Hill Companies, Inc., or any successor
thereto acceptable to the Required Lenders.
"Significant Subsidiary" means, at any date of determination, any Subsidiary of the Company that, either
individually or together with its Subsidiaries, taken as a whole, (a) accounted for more than 10% of the consolidated assets of
the Company and its Subsidiaries as of such date or (b) accounted for more than 10% of the consolidated net income of the
Company and its Subsidiaries for any of the three most recently completed fiscal years of the Company prior to such date, in
each case as reflected on the applicable Financial Statements of the Company at or prior to such date.
"Single Employer Plan" means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Company or any ERISA Affiliate and no Person other than the Company and the ERISA
Affiliates or (b) was so maintained and in respect of which the Company or any ERISA Affiliate could have liability under
Section 4069 of ERISA in the event such plan has been or were to be terminated.
"SPC" has the meaning specified in Section 9.07(f).
"Subsidiary" means, with respect to any Person, any corporation, partnership, joint venture, limited liability
company, trust or estate of which (or in which) more than 50% of
(a) the issued and outstanding shares of capital stock having ordinary voting power to elect a
majority of the board of directors of such corporation (irrespective of whether at the time shares of capital stock of
any other class or classes of such corporation shall or might have voting power upon the occurrence of any
contingency),
(b) the interest in the capital or profits of such limited liability company, partnership or joint venture,
or
(c) the beneficial interest in such trust or estate,
18
Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar
®
Document Research℠
(16 pages)
(2 pages)
Manymanuals.com
Manymanuals.de
Manymanuals.fr
Manymanuals.it
Manymanuals.pl
Manymanuals.cz
Manymanuals.es
Manymanuals-pt.com
Commentaires sur ces manuels