Honeywell 2004 Annual Report Download - page 148

ERISA Affiliates could have liability under Section 4069 of ERISA in the
event such plan has been or were to be terminated.
"S&P" means Standard & Poor's Ratings Group, a division of The
McGraw Hill Companies, Inc.
"Sub-Agent" means Citibank International plc.
"Subsidiary" of any Person means any corporation, partnership, joint
venture, limited liability company, trust or estate of which (or in which)
more than 50% of (a) the issued and outstanding capital stock having
ordinary voting power to elect a majority of the Board of Directors of
such corporation (irrespective of whether at the time capital stock of any
other class or classes of such corporation shall or might have voting
power upon the occurrence of any contingency), (b) the interest in the
capital or profits of such limited liability company, partnership or joint
venture or (c) the beneficial interest in such trust or estate is at the
time directly or indirectly owned or controlled by such Person, by such
Person and one or more of its other Subsidiaries or by one or more of such
Person's other Subsidiaries.
"Telerate Page" means, as applicable, page 3740 or 3750 (or any
successor pages, respectively) of Moneyline Telerate Service.
"Termination Date" means the earlier of (a) October 22, 2009 and (b)
the date of termination in whole of the Commitments pursuant to Section
2.06(a) or Section 6.01 or, if all Lenders elect to terminate their
Commitments as provided therein, Section 2.06(d).
"Threatened" means, with respect to any action, suit, investigation,
litigation or proceeding, a written communication to the Company or a
Designated Subsidiary, as the case may be, expressing an intention to
immediately bring such action, suit, investigation, litigation or
proceeding.
"Unissued Letter of Credit Commitment" means, with respect to any
Issuing Bank, the obligation of such Issuing Bank to issue Letters of
Credit to any Borrower in an amount (converting all non-Dollar amounts
into the then Dollar Equivalent thereof) equal to the excess of (a) the
amount of its Letter of Credit Commitment over (b) the aggregate Available
Amount of all Letters of Credit issued by such Issuing Bank.
"Unused Commitment" means, with respect to each Lender at any time,
(a) the amount of such Lender's Revolving Credit Commitment at such time
minus (b) the sum of (i) the aggregate principal amount of all Revolving
Credit Advances (based in respect of any Advances denominated in a Major
Currency on the Equivalent in Dollars at such time) made by such Lender
(in its capacity as a Lender) and outstanding at such time, plus (ii) such
Lender's Ratable Share of (A) the aggregate principal amount of the
Competitive Bid Advances (based in respect of any Advances denominated in
a Foreign Currency on the Equivalent in Dollars at such time) and (B) the
aggregate Available Amount of all the Letters of Credit outstanding at
such time (based in respect of any Letters of Credit denominated in a
Major Currency on the Equivalent in Dollars at such time).
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