FairPoint Communications 2004 Annual Report Download - page 284

expensed during or prior to such Reference Period, plus (III) the sum of (i) the cash amount of any extraordinary gains, and the cash amount realized on gains
on asset sales other than in the ordinary course of business, during such Reference Period, in any such case to the extent deducted in determining Adjusted
Consolidated EBITDA for such Reference Period, and (ii) cash received during such Reference Period on account of non-cash gains or non-cash income
excluded from Adjusted Consolidated EBITDA during or prior to such Reference Period.
“Available Revolving Commitment” of any RF Lender at any time shall mean its Percentage of the Total Available Revolving Commitment at
such time.
“B Term Loan” shall mean, collectively, each Initial B Term Loan (including, after any DDTL Conversion, each Delayed-Draw Term Loan
converted into an Initial B Term Loan pursuant to such DDTL Conversion as contemplated by Section 1.06(b)) and each Incremental B Term Loan.
“B Term Note” shall have the meaning provided in Section 1.05(a).
“Bankruptcy Code” shall have the meaning provided in Section 8.05.
“BAS” shall mean Banc of America Securities LLC in its individual capacity and any successor thereto by merger, consolidation or
otherwise.
“Base Rate” at any time shall mean the higher of (i) the rate which is 1/2 of 1% in excess of the Federal Funds Effective Rate and (ii) the
Prime Lending Rate.
“Base Rate Loan” shall mean each Loan bearing interest at the rates provided in Section 1.08(a).
“Blocked Revolving Commitment” shall mean, at any time, $7.0 million ( i.e., the amount representing the remainder of (x) the aggregate
amount of cash required to finance the Existing 2008 Senior Subordinated Notes Redemption less the aggregate amount of cash deposited in the Segregated
Account on the Initial Borrowing Date for purposes of financing the Existing 2008 Senior Subordinated Notes Redemption); provided that the Blocked
Revolving Commitment shall be reduced to zero on the date of (and concurrently with) the consummation of the Existing 2008 Senior Subordinated Notes
Redemption.
“Borrower” shall have the meaning provided in the first paragraph of this Agreement.
“Borrower Common Stock” shall have the meaning provided in Section 5.20.
“Borrowing” shall mean the incurrence of (i) Swingline Loans by the Borrower from the Swingline Lender on a given date or (ii) Base Rate
Loans or Eurodollar Loans pursuant to a single Facility by the Borrower from the Lenders having Commitments (and/or outstanding Loans) with respect to
such Facility on a pro rata basis on a given date (or resulting from conversions on a given date), having in the case of Eurodollar Loans the same Interest
Period; provided that (x) Base Rate Loans incurred pursuant to Section 1.10(b) shall be considered part of any related Borrowing of Eurodollar Loans, (y) any
Delayed-Draw Term Loans converted into Initial
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