Audiovox 2012 Annual Report Download - page 158

“Applicable Percentage” shall mean, with respect to any U.S. Revolving Lender, the percentage of the total U.S. Revolving
Commitments represented by such U.S. Revolving Lender's U.S. Revolving Commitment. If the U.S. Revolving Commitments have
terminated or expired, the Applicable Percentage shall be determined based on the U.S. Revolving Commitments most recently in
effect, giving effect to any assignments.
“Applicable Time” shall mean, with respect to any borrowings and payments in Foreign Currencies, the local times in the place
of settlement for such Foreign Currencies as may be reasonably determined by the Administrative Agent to be necessary for timely
settlement on the relevant date in accordance with normal banking procedures in the place of payment.
“Approved Bank” shall have the meaning set forth in the definition of “Cash Equivalents.”
“Approved Fund” shall mean any Fund that is administered, managed or underwritten by (a) a Lender, (b) an Affiliate of a
Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
“Arranger” shall mean WFS.
“Asset Disposition” shall mean the disposition of any or all of the assets (including, without limitation, the Equity Interests of a
Subsidiary or any ownership interest in a joint venture) of any Credit Party or any Subsidiary whether by sale, lease, transfer or
otherwise, in a single transaction or in a series of transactions. The term “Asset Disposition” shall not include (a) the sale, lease, transfer
or other disposition of assets permitted by Subsections 6.4(a)(i) through (vii), or (b) any issuance by the Company of its Equity Interests.
“Assignment and Assumption” shall mean 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 9.6), and accepted by the Administrative Agent, in substantially the
form of Exhibit 1.1(b) or any other form approved by the Administrative Agent.
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