Audiovox 2012 Annual Report Download - page 160

“Business” shall have the meaning set forth in Section 3.10.
“Business Day” shall mean any day other than a Saturday, Sunday or other day on which commercial banks in Charlotte, North
Carolina or New York, New York are authorized or required by law to close; provided, however, that (a) when used in connection with a
rate determination, borrowing or payment in respect of a LIBOR Rate Loan, the term “Business Day” shall also exclude any day on
which banks in London, England are not open for dealings in Dollar deposits in the London interbank market, (b) with respect to any
Loan denominated in a Foreign Currency, the term “Business Day” shall also exclude any day that is not a Target Settlement Day and
(c) in the case of a Loan denominated in a Foreign Currency other than Euro, the term “Business Day” shall also exclude any day on
which commercial banks in the home country of such Foreign Currency are authorized or required by law to close or are not open for
foreign exchange dealings between banks in the exchange of the home country of the applicable Foreign Currency.
“Canadian Guarantors” shall mean, collectively, the following (together with their respective successors and assigns): (a) Audio
Products International Corp., a corporation formed under the laws of the Province of Ontario and (b) Audiovox Canada Limited, a
corporation formed under the laws of the Province of Ontario; each sometimes being referred to herein as a “Canadian Guarantor”.
“Canadian Security Documents” shall mean, collectively, (a) the Amended and Restated General Security Agreement granted
by the Canadian Guarantor and the other Credit Parties that have Collateral located in Canada (including Canadian Intellectual Property);
(b) the Amended and Restated Trademark Security Agreements, the Amended and Restated Copyright Security Agreements, the
Amended and Restated Patent Security Agreements and the Amended and Restated Industrial Design Agreements granted by a Canadian
Guarantor or any Credit Party owning Canadian Intellectual Property (or, with respect to Audio Productions International Corp., U.S.
Intellectual Property); (c) any Deposit Account Control Agreement in respect of depository accounts located in Canada and (d) all other
agreements, documents and instruments relating to, arising out of, or in any way connected with any of the foregoing documents or
granting to the Administrative Agent, for the benefit of the Secured Parties, Liens or security interests to secure, inter alia, all or any
portion of the Credit Party Obligations or the Foreign Obligations, as applicable, whether now or hereafter executed and/or filed, each as
may be amended from time to time in accordance with the terms hereof, executed and delivered in connection with the granting,
attachment and perfection of the Administrative Agent's security interests and liens arising thereunder, including, without limitation,
 financing statements.
“Capital Lease” shall mean any lease of property, real or personal, the obligations with respect to which are required to be
capitalized on a balance sheet of the lessee in accordance with GAAP.
“Capital Lease Obligations” shall mean the capitalized lease obligations relating to a Capital Lease determined in accordance with
GAAP.
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