FairPoint Communications 2002 Annual Report Download - page 272

"BUSINESS DAY" shall mean (i) for all purposes other than as covered
by clause (ii) below, any day excluding Saturday, Sunday and any day which shall
be in the City of New York a legal holiday or a day on which banking
institutions are authorized by law or other governmental actions to close and
(ii) with respect to all notices and determinations in connection with, and
payments of principal and interest on, Eurodollar Loans, any day which is a
Business Day described in clause (i) and which is also a day for trading by and
between banks in Dollar deposits in the interbank Eurodollar market.
"C TERM FACILITY-FIXED RATE" shall mean the Facility evidenced by the
C Term Loans-Fixed Rate.
"C TERM FACILITY-FLOATING RATE" shall mean the Facility evidenced by
the C Term Loans-Floating Rate.
"C TERM FIXED RATE PERCENTAGE" shall mean, at any time of
determination thereof, (i) for purposes of Section 3.02(B), a fraction
(expressed as a percentage) the numerator of which is equal to the aggregate
principal amount of all C Term Loans-Fixed Rate outstanding at such time and the
denominator of which is equal to the aggregate principal amount of all C Term
Loans outstanding at such time and (ii) for purposes of Section 3.01, a fraction
(expressed as a percentage) the numerator of which is equal to the aggregate
principal amount of all C Term
Loans-Fixed Rate outstanding at such time (exclusive of C Term Loans-Fixed Rate
prior to their respective FRE Dates) and the denominator of which is equal to
the aggregate principal amount of all C Term Loans outstanding at such time
(exclusive of C Term Loans-Fixed Rate prior to their respective FRE Dates).
"C TERM FLOATING RATE PERCENTAGE" shall mean, at any time of
determination thereof, (i) for purposes of Section 3.02(B), a fraction
(expressed as a percentage) the numerator of which is equal to the aggregate
principal amount of all C Term Loans-Floating Rate outstanding at such time and
the denominator of which is equal to the aggregate principal amount of all C
Term Loans outstanding at such time and (ii) for purposes of Section 3.01, a
fraction (expressed as a percentage) the numerator of which is equal to the
aggregate principal amount of all C Term Loans-Floating Rate outstanding at such
time and the denominator of which is equal to the aggregate principal amount of
all C Term Loans outstanding at such time (exclusive of C Term Loans-Fixed Rate
prior to their respective FRE Dates).
"C TERM LOAN-FIXED RATE" shall have the meaning provided in Section
1.01(c).
"C TERM LOAN-FLOATING RATE" shall have the meaning provided in Section
1.01(b).
"C TERM LOANS" shall mean each C Term Loan-Floating Rate and each C
Term Loan-Fixed Rate.
"C TERM NOTE-FIXED RATE" and "C TERM NOTE-FLOATING RATE" shall each
have the meaning provided in Section 1.05(a).
"C TERM NOTES" shall mean and include the C Term Notes-Fixed Rate and
the C Term Notes-Floating Rate.
"CAPITAL LEASE" as applied to any Person shall mean any lease of any
property (whether real, personal or mixed) by that Person as lessee which, in
conformity with GAAP, is accounted for as a capital lease on the balance sheet
of that Person.
"CAPITALIZED LEASE OBLIGATIONS" shall mean all obligations under
Capital Leases of the Borrower or any of its Subsidiaries in each case taken at
the amount thereof accounted for as liabilities in accordance with GAAP.
"CARRIER SERVICES" shall mean [the resale of long distance services].