US Airways 2004 Annual Report Download - page 184

AGGREGATE SENIOR SECURED DISCOUNT NOTE STATED AMOUNT means, on any date of
determination, the sum of the Stated Principal Amount of all outstanding Senior
Secured Discount Notes.
AGREEMENT means this Senior Secured Term Loan Agreement (as the same may
hereafter be amended, modified, supplemented, or restated from time to time).
ANNIVERSARY DATE means the annually recurring date that is twelve (12)
months from the Closing Date.
APPLICABLE BASE RATE means, from day to day, the Base Rate plus the
Applicable Base Rate Margin.
APPLICABLE BASE RATE MARGIN means (a) from the Closing Date until the
first Anniversary Date, 1.00%, and (b) thereafter, as calculated on each of the
first, second, third, and fourth Anniversary Dates, an amount equal to 1.00%,
plus or minus 4.25 basis points for each whole 1.00% increase or decrease in the
prior year's LTV Ratio, provided however, that in no event shall the Applicable
Base Rate Margin be less than 0%.
APPLICABLE EURODOLLAR RATE means, for any Interest Period, the Adjusted
Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate
Margin.
APPLICABLE EURODOLLAR RATE MARGIN means (a) from the Closing Date until
the first Anniversary Date, 3.89%, and (b) thereafter, as calculated on each of
the first, second, third, and fourth Anniversary Dates, an amount equal to
3.89%, plus or minus 17 basis points for each whole 1.00% increase or decrease
in the prior year's LTV Ratio, provided however, that in no event shall the
Applicable Eurodollar Rate Margin be less than 0%.
APPRAISAL means valuation of the Collateral as performed by the Approved
Appraisers, completed at least fifteen (15) days and no more than forty-five
(45) days prior to the date that is thirty (30) months from the Closing Date. As
used herein "Approved Appraisers" for the Collateral shall mean Simat Hellieson
& Eichner Inc. for the that portion of the Collateral consisting of the
maintenance hangar and Crosson Dannis, Inc. for that portion of the Collateral
consisting of the Flight Training Center or any other appraiser for such
Collateral approved in writing by the Administrative Agent and consented to by
the Guarantor, such consent not to be unreasonably withheld or delayed.
APPRAISED VALUE means, from time to time, the declared value of the
Collateral as determined by an Appraisal. In order to calculate the Appraised
Value on any given date, the parties will rely on the results of the previous
completed Appraisal that is closest in time to such date. As of the Closing Date
the Appraised Value is $43,700,000.
ASSET DISPOSITION means the disposition, whether by sale, lease, transfer,
loss, damage, destruction, condemnation, or otherwise, of any or all of the
assets of Borrower or any of its Subsidiaries other than (a) sales of inventory
in the ordinary course of business, (b) disposition of worn out or obsolete
equipment, (c) transfer of aircraft in the ordinary course of business, and (d)
transfers of assets which are replaced with assets of equal value and utility.
ASSIGNMENT AND ASSUMPTION means an assignment and assumption entered into
by a Lender and an Eligible Assignee (with the consent of any party whose
consent is required by SECTION 13.12), and accepted by Administrative Agent.
Senior Secured Term Loan
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