FOR PAYMENT" MEANS A PLACE FOR PAYMENT AS FROM TIME TO TIME DESIGNATED BY
BANK, WHICH PLACE FOR PAYMENT CURRENTLY IS AT THE ADDRESS OF BANK AS HEREINAFTER
PROVIDED FOR WITH RESPECT TO NOTICES.
"PLANS" MEANS ALL SINGLE EMPLOYER PLANS AND MULTIPLE EMPLOYER PLANS, BOTH AS
DEFINED IN ERISA.
"PLEDGE AGREEMENT" MEANS THAT CERTAIN PLEDGE AGREEMENT OF EVEN DATE HEREWITH
FROM BORROWERS TO BANK, TOGETHER WITH ANY AND ALL EXTENSIONS, REVISIONS,
MODIFICATIONS OR AMENDMENTS AT ANY TIME MADE THERETO.
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"PLEDGED COLLATERAL" MEANS THE "PLEDGED COLLATERAL" AS DEFINED IN THE PLEDGE
AGREEMENT.
"PROHIBITED TRANSACTION" MEANS A "PROHIBITED TRANSACTION" AS DEFINED IN ERISA.
"PURCHASE ORDER" MEANS A VALID AND BINDING ORDER FOR GOODS TO BE PURCHASED FROM
BORROWER, WHICH ORDER SHALL BE EVIDENCED BY AN EXECUTED PURCHASE ORDER OF THE
RESPECTIVE ACCOUNT DEBTOR.
"QUARTER" MEANS A PERIOD OF TIME OF THREE CONSECUTIVE CALENDAR MONTHS.
"QUARTER-END" MEANS THE LAST DAY OF EACH OF JANUARY, APRIL, JULY AND OCTOBER.
"REAL PROPERTY" MEANS THE REAL PROPERTY OWNED BY BORROWER OR IN WHICH BORROWER
HAS A LEASEHOLD INTEREST, WHICH REAL PROPERTY IS DESCRIBED ON SCHEDULE 8.13 OF
THIS AGREEMENT.
"RECORDS" MEANS CORRESPONDENCE, MEMORANDA, TAPES, DISCS, MICROFILM, MICROFICHE,
PAPERS, BOOKS AND OTHER DOCUMENTS, OR TRANSCRIBED INFORMATION OF ANY TYPE,
WHETHER EXPRESSED IN ORDINARY OR MACHINE LANGUAGE, AND ALL FILING CABINETS AND
OTHER CONTAINERS IN WHICH ANY OF THE FOREGOING IS STORED OR MAINTAINED.
"REGULATION T", "REGULATION U", AND "REGULATION X" MEANS REGULATION T,
REGULATION U, AND REGULATION X, RESPECTIVELY, OF THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM AS NOW OR FROM TIME TO TIME HEREAFTER IN EFFECT AND SHALL
INCLUDE ANY SUCCESSOR OR OTHER REGULATION OR OFFICIAL INTERPRETATION OF SAID
BOARD OF GOVERNORS RELATING TO THE EXTENSION OF CREDIT BY BANKS FOR THE PURPOSE
OF PURCHASING OR CARRYING MARGIN STOCKS APPLICABLE TO MEMBER BANKS OF THE
FEDERAL RESERVE SYSTEM.
"REIMBURSEMENT OBLIGATION" MEANS THE OBLIGATION OF BORROWER TO PAY THE AMOUNTS
REQUIRED UNDER SECTION 3.2 OF THIS AGREEMENT.
"REPORTABLE EVENT" MEANS A "REPORTABLE EVENT" AS DEFINED IN ERISA, BUT EXCLUDING
EVENTS FOR WHICH REPORTING HAS BEEN WAIVED.
"RESPONSIBLE OFFICER" MEANS, INDIVIDUALLY AND COLLECTIVELY, THE PRESIDENT, CHIEF
EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF BORROWER.
"REVOLVING LOAN" MEANS THE LOAN WHICH BANK HAS AGREED TO ADVANCE TO BORROWER IN
ACCORDANCE WITH THE TERMS OF ARTICLE II OF THIS AGREEMENT.
"REVOLVING LOAN ADVANCEMENT TERMINATION DATE" MEANS THE EARLIER OF (I) THE
REVOLVING LOAN MATURITY DATE, OR (II) THE DATE OF THE OCCURRENCE OF AN EVENT OF
DEFAULT.
"REVOLVING LOAN ADVANCES" MEANS ALL OF THE ADVANCES OF THE REVOLVING LOAN.
"REVOLVING LOAN COMMITMENT" MEANS THE LESSER OF (I) EIGHT MILLION AND 00/100
DOLLARS ($8,000,000.00), OR (II) THE BORROWING BASE.
"REVOLVING LOAN MATURITY DATE" MEANS THE EARLIER OF (A) APRIL 30, 2010, OR (B)
THE OCCURRENCE OF AN EVENT OF DEFAULT.
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"REVOLVING NOTE" MEANS THAT CERTAIN REVOLVING NOTE OF EVEN DATE HEREWITH FROM
BORROWERS TO BANK, IN THE PRINCIPAL AMOUNT OF $8,000,000.00, AND INCLUDES ANY
AMENDMENT TO OR MODIFICATION OF SUCH NOTE AND ANY PROMISSORY NOTE