Honeywell 2002 Annual Report Download - page 175

of a Plan of such Person or any of its ERISA Affiliates, and an event
described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of
ERISA is reasonably expected to occur with respect to such Plan within the
following 30 days;
(e) The following new definitions are added to Section 1.01
immediately after the defined term "Escrow":
"EURIBO Rate" means, for any Interest Period for each
Eurocurrency Rate Advance comprising part of the same Borrowing, the rate
per annum appearing on Page 248 of the Telerate Service (or on any
successor or substitute page of such Service, or any successor to or
substitute for such Service, providing rate quotations comparable to those
currently provided on such page of such Service, as determined by the Agent
from time to time for purposes of providing quotations of interest rates
applicable to deposits in Euros by reference to the Banking Federation of
the European Union Settlement Rates for deposits in Euros) at approximately
10:00 a.m., London time, two Business Days prior to the commencement of
such Interest Period, as the rate for deposits in Euros with a maturity
comparable to such Interest Period or, if for any reason such rate is not
available, the average (rounded upward to the nearest whole multiple of
1/16 of 1% per annum, if such average is not such a multiple) of the
respective rates per annum at which deposits in Euros are offered by the
principal office of each of the Reference Banks in London, England to prime
banks in the London interbank market at 11:00 A.M. (London time) two
Business Days before the first day of such Interest Period in an amount
substantially equal to such Reference Bank's Eurocurrency Rate Advance
comprising part of such Borrowing to be outstanding during such Interest
Period andfor a period equal to such Interest Period (subject, however, to
the provisions of Section 2.07).
"Euro" means the lawful currency of the European Union as
constituted by the Treaty of Rome which established the European Community,
as such treaty may be amended from time to time and as referred to in the
EMU legislation.
(f) The definition of "Eurocurrency Rate" in Section 1.01 is amended
by (i) inserting immediately after the phrase "by dividing (a)" the phrase "(i)
in the case of any Advance denominated in Dollars or any Major Currency other
than Euros," and (ii) by inserting immediately before the phrase " by (b) a
percentage equal to 100%" the phrase " or (ii) in the case of any Advance
denominated in Euros, the EURIBO Rate".
(g) The definition of "LIBO Rate" in Section 1.01 is amended by (i)
inserting immediately after the phrase "by dividing (a)" the phrase "(i) in the
case of any Advance denominated in Dollars or any Foreign Currency other than
Euros," and (ii) by inserting immediately before the phrase " by (b) a
percentage equal to 100%" the phrase " or (ii) in the case of any Advance
denominated in Euros, the EURIBO Rate".
(h) The definition of "Major Currencies" in Section 1.01 is amended in
full to read as follows: