Nautilus 2005 Annual Report Download - page 79

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This CREDIT AGREEMENT (as the same may from time to time be amended, restated or otherwise modified, this “Agreement”) is
made effective as of the 18
th
day of November, 2005 among:
(a) NAUTILUS, INC., a Washington corporation (“Borrower”);
(b) the lenders listed on Schedule 1 hereto and each other Eligible Transferee, as hereinafter defined, that becomes a party hereto
pursuant to Section 10.10 hereof (collectively, the “Lenders” and, individually, each a “Lender”);
(c) KEYBANK NATIONAL ASSOCIATION, as lead arranger, sole book runner and administrative agent for the Lenders under
this Agreement (“Agent”); and
(d) U.S. BANK NATIONAL ASSOCIATION, as syndication agent (“Syndication Agent”).
WITNESSETH:
WHEREAS, Borrower, Agent and the Lenders desire to contract for the establishment of credits in the aggregate principal amounts
hereinafter set forth, to be made available to Borrower upon the terms and subject to the conditions hereinafter set forth;
NOW, THEREFORE, it is mutually agreed as follows:
ARTICLE I. DEFINITIONS
Section 1.1. Definitions . As used in this Agreement, the following terms shall have the following meanings:
“Acquisition” shall mean any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the
acquisition of all or substantially all of the assets of any Person (other than a Company), or any business or division of any Person (other than a
Company), (b) the acquisition of in excess of fifty percent (50%) of the stock (or other equity interest) of any Person (other than a Company),
or (c) the acquisition of another Person (other than a Company) by a merger, amalgamation or consolidation or any other combination with
such Person.
“Advantage” shall mean any payment (whether made voluntarily or involuntarily, by offset of any deposit or other indebtedness or
otherwise) received by any Lender in respect of the Obligations, if such payment results in that Lender having less than its pro rata share of the
Obligations then outstanding.
“Affiliate” shall mean any Person, directly or indirectly, controlling, controlled by or under common control with a Company and
“
control
”
(
including the correlative meanings, the