Honeywell 2004 Annual Report Download - page 147

principal manufacturing property or (b) any shares of capital stock or
Debt of any Subsidiary owning any such property.
"Revolving Credit Advance" means an advance by a Lender to any
Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate
Advance or a Eurocurrency Rate Advance (each of which shall be a "Type" of
Revolving Credit Advance).
"Revolving Credit Borrowing" means a borrowing consisting of
simultaneous Revolving Credit Advances of the same Type made by each of
the Lenders pursuant to Section 2.01.
"Revolving Credit Commitment" means as to any Lender (i) the Dollar
amount set forth opposite its name on the signature pages hereof under the
caption "Revolving Credit Commitment" or (ii) if such Lender has entered
into any Assignment and Acceptance, the Dollar amount set forth for such
Lender in the Register maintained by the Administrative Agent pursuant to
Section 9.06(d) as such Lender's Revolving Credit Commitment, in each case
as the same may be terminated or reduced, as the case may be, pursuant to
Section 2.06.
"Revolving Credit Facility" means, at any time, the aggregate amount
of the Revolving Credit Commitments, as such amount may be reduced at or
prior to such time pursuant to Section 2.06.
"Revolving Credit Note" means a promissory note of any Borrower
payable to the order of any Lender, delivered pursuant to a request made
under Section 2.17 in substantially the form of Exhibit A-1 hereto,
evidencing the aggregate indebtedness of such Borrower to such Lender
resulting from the Revolving Credit Advances made by such Lender to such
Borrower.
"Sale and Leaseback Transaction" means any arrangement with any
Person (other than the Company or a Subsidiary of the Company), or to
which any such Person is a party, providing for the leasing to the Company
or to a Subsidiary of the Company owning Restricted Property for a period
of more than three years of any Restricted Property that has been or is to
be sold or transferred by the Company or such Subsidiary to such Person,
or to any other Person (other than the Company or a Subsidiary of the
Company) to which funds have been or are to be advanced by such Person on
the security of the leased property. It is understood that arrangements
pursuant to Section 168(f)(8) of the Internal Revenue Code of 1954, as
amended, or any successor provision having similar effect, are not
included within this definition of "Sale and Leaseback Transaction".
"Single Employer Plan" of any Person means a single employer plan,
as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
employees of such Person or any of its ERISA Affiliates and no Person
other than such Person and its ERISA Affiliates or (b) was so maintained
and in respect of which such Person or any of its
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