HEREOF.
1.1.55
"LIBOR INTEREST PAYMENT DATE" MEANS, RELATIVE TO ANY LIBOR RATE LOAN
HAVING AN INTEREST PERIOD OF THREE MONTHS OR LESS, THE LAST BUSINESS DAY OF SUCH
INTEREST PERIOD, AND AS TO ANY LIBOR RATE LOAN HAVING AN INTEREST PERIOD LONGER
THAN THREE MONTHS, EACH BUSINESS DAY WHICH IS THREE MONTHS, OR A WHOLE MULTIPLE
THEREOF, AFTER THE FIRST DAY OF SUCH INTEREST PERIOD AND THE LAST DAY OF SUCH
INTEREST PERIOD.
1.1.56
"LIBOR RATE" MEANS, RELATIVE TO ANY INTEREST PERIOD FOR LIBOR RATE
LOANS, THE OFFERED RATE FOR DEPOSITS OF DOLLARS IN AN AMOUNT APPROXIMATELY EQUAL
TO THE AMOUNT OF THE REQUESTED LIBOR RATE LOAN FOR A TERM COEXTENSIVE WITH THE
DESIGNATED INTEREST PERIOD WHICH THE BRITISH BANKERS' ASSOCIATION FIXES AS ITS
LIBOR RATE AS OF 11:00 A.M. LONDON TIME ON THE DAY WHICH IS TWO LONDON BANKING
DAYS PRIOR TO THE BEGINNING OF SUCH INTEREST PERIOD.
IF SUCH DAY IS NOT A
LONDON BANKING DAY, THE LIBOR RATE SHALL
8
BE DETERMINED ON THE NEXT PRECEDING DAY WHICH IS A LONDON BANKING DAY.
IF FOR
ANY REASON THE AGENT CANNOT DETERMINE SUCH OFFERED RATE BY THE BRITISH BANKERS'
ASSOCIATION, THE AGENT MAY, IN ITS DISCRETION, SELECT A REPLACEMENT INDEX BASED
ON THE ARITHMETIC MEAN OF THE QUOTATIONS, IF ANY, OF THE INTERBANK OFFERED RATE
BY FIRST CLASS BANKS IN LONDON OR NEW YORK FOR DEPOSITS IN COMPARABLE AMOUNTS
AND MATURITIES.
1.1.57
"LIBOR RATE LOAN" MEANS ANY LOAN BEARING INTEREST AT A RATE
DETERMINED WITH REFERENCE TO THE LIBOR RATE.
1.1.58
"LIBOR RESERVE PERCENTAGE" MEANS, RELATIVE TO ANY DAY OF ANY
INTEREST PERIOD FOR LIBOR RATE LOANS, THE MAXIMUM AGGREGATE (WITHOUT
DUPLICATION) OF THE RATES (EXPRESSED AS A DECIMAL FRACTION) OF RESERVE
REQUIREMENTS (INCLUDING ALL BASIC, EMERGENCY, SUPPLEMENTAL, MARGINAL AND OTHER
RESERVES AND TAKING INTO ACCOUNT ANY TRANSITIONAL ADJUSTMENTS OR OTHER SCHEDULED
CHANGES IN RESERVE REQUIREMENTS) UNDER ANY REGULATIONS OF THE BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM (THE "BOARD") OR OTHER GOVERNMENTAL AUTHORITY
HAVING JURISDICTION WITH RESPECT THERETO AS ISSUED FROM TIME TO TIME AND THEN
APPLICABLE TO ASSETS OR LIABILITIES CONSISTING OF "EUROCURRENCY LIABILITIES", AS
CURRENTLY DEFINED IN REGULATION D OF THE BOARD, HAVING A TERM APPROXIMATELY
EQUAL OR COMPARABLE TO SUCH INTEREST PERIOD.
1.1.59
"LOAN" AND "LOANS" MEANS ANY OF THE REVOLVING LOANS AS DEFINED IN
SECTION 2.1.1 HEREOF.
1.1.60
"LOAN ACCOUNT" MEANS THE ACCOUNT OR ACCOUNTS ON THE BOOKS OF THE
AGENT IN WHICH WILL BE RECORDED LOANS AND ADVANCES MADE BY THE BANKS TO THE
BORROWERS PURSUANT TO THIS AGREEMENT, PAYMENTS MADE ON SUCH LOANS AND OTHER
APPROPRIATE DEBITS AND CREDITS AS PROVIDED BY THIS AGREEMENT.
1.1.61
"LOAN DOCUMENTS" MEANS, COLLECTIVELY, THIS AGREEMENT (INCLUDING,
WITHOUT LIMITATION, THE AGREEMENTS AND OTHER INSTRUMENTS LISTED OR DESCRIBED IN
SECTION 4 HEREOF), THE NOTES, THE SWING LINE NOTE, ALL LETTER OF CREDIT
APPLICATIONS, THE DISCLOSURE LETTER OF EVEN DATE REFERRED TO ON EXHIBIT B
ATTACHED HERETO, AND ANY OTHER AGREEMENTS, INSTRUMENTS OR DOCUMENTS REFERRED TO
HEREIN OR THEREIN AND DELIVERED IN CONNECTION HEREWITH, AND ALL