McKesson 2005 Annual Report Download - page 288

“Government Receivables Limit” means, at any time, with respect to all Government Receivables, an amount equal to 3% of the
aggregate Outstanding Balance of all Eligible Receivables (net of all Earned Discounts and quarterly volume rebates) at such time.
“Incremental Purchase” means a purchase of one or more Purchaser Interests which increases the total outstanding Capital hereunder.
“Indebtedness” of a Person means such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred
purchase price of property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms
customary in the trade), (iii) obligations, whether or not assumed, secured by liens or payable out of the proceeds or production from property
now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances, or other instruments,
(v) capitalized lease obligations, (vi) net liabilities under interest rate swap, exchange or cap agreements, (vii) Contingent Obligations and
(viii) liabilities in respect of unfunded vested benefits under plans covered by Title IV of ERISA.
“Independent Director” shall mean a member of the Board of Directors of the Seller who (i) is in fact independent, (ii) does not have
any direct financial interest or any material indirect financial interest in the Seller or any Affiliate of the Seller and (iii) is not connected as an
officer, employee, promoter, underwriter, trustee, partner, director of person performing similar functions within the Seller, any Affiliate of the
Seller or any Person with a material direct or indirect financial interest in the Seller.
“Joinder Agreement” has the meaning set forth in Section 11.3.
“Liberty Street” means Liberty Street Funding Corp., in its individual capacity, and its successors.
“LIBO Business Day” means a day of the year on which dealings in U.S. Dollar deposits are carried on the London interbank market.
“LIBO Rate” means:
(a) with respect to PREFCO and its Committed Purchasers and Falcon and its Committed Purchasers, the rate per annum equal to the
sum of (i) (x) the rate at which deposits in U.S. Dollars are offered by the Bank One Group Reference Bank to first-class banks in the London
interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of the relevant Tranche Period, such
deposits being in the approximate amount of the Capital of the Purchaser Interest to be funded or maintained, divided by (y) one minus the
maximum aggregate reserve requirement (including all basic, supplemental, marginal or other reserves) which is imposed against the Bank
One Group Reference Bank in respect of Eurocurrency liabilities, as defined in Regulation D of the Board of Governors of the Federal Reserve
System as in effect from time to time (expressed as a decimal), applicable to such Tranche Period plus (ii) the Applicable Margin, rounded, if
necessary, to the next higher 1/16 of 1%;
I-13