FairPoint Communications 2004 Annual Report Download - page 298

“Initial B Term Lender” shall mean at any time each Lender with an Initial B Term Commitment and/or with outstanding Initial B Term
Loans.
“Initial B Term Loan” shall have the meaning provided in Section 1.01(a); provided that after the conversion of Delayed-Draw B Term
Loans into Initial B Term Loans pursuant to a DDTL Conversion as contemplated by Section 1.06(b), such converted Loans shall be deemed to be Initial B
Term Loans for all purposes of this Agreement and the other Credit Documents (other than for purposes of Sections 1.01(a)(i) and (iii) and Section 4.01(l) and
5.05(a) hereof).
“Initial Borrowing Date” shall mean the date of the Refinancing and the incurrence of the Initial B Term Loans hereunder.
“Intercompany Debt” shall mean any Indebtedness, payables or other obligations (other than Excluded Intercompany Payables), whether
now existing or hereafter incurred, owed by the Borrower or any Subsidiary of the Borrower to the Borrower or any other Subsidiary of the Borrower.
“Intercompany Loans” shall have the meaning provided in Section 7.06(c).
“Intercompany Note” shall mean a promissory note evidencing Intercompany Loans (other than Excluded Intercompany Payables), in each
case duly executed and delivered substantially in the form of Exhibit K, with blanks completed in conformity therewith (or such other form as may be
approved by the Administrative Agent or the Required Lenders).
“Intercompany Subordination Agreement ” shall have the meaning provided in Section 4.01(m).
“Interest Coverage Ratio” for any period shall mean the ratio of (x) Adjusted Consolidated EBITDA for such period to (y) Consolidated
Interest Expense for such period.
“Interest Period” with respect to any Loan shall mean the interest period applicable thereto, as determined pursuant to Section 1.09.
“Interest Rate Agreement” shall mean any interest rate swap agreement, any interest rate cap agreement, any interest rate collar agreement or
other similar agreement or arrangement designed to protect the Borrower or any Subsidiary against fluctuations in interest rates.
“Intermediary Holding Company” shall mean each 1st-Tier Subsidiary and any other Subsidiary first acquired or created after the Initial
Borrowing Date that is (i) not an operating company (but that owns directly or indirectly one or more operating companies) and (ii) not subject to regulatory
restrictions on borrowings or issuances of guaranties of indebtedness for borrowed money.
“Investment” shall have the meaning provided in the preamble to Section 7.06.
“IPO” shall have the meaning provided in Section 4.01(k).
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