McKesson 2005 Annual Report Download - page 293

“Obligor” means a Person obligated to make payments pursuant to a Contract.
“Originator” means McKesson, in its capacity as Seller under the Tier One Receivables Sale Agreement.
“Outstanding Balance” of any Receivable at any time means the then outstanding principal balance thereof.
“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated
association, joint venture or other entity, or a government or any political subdivision or agency thereof.
“Pooled Commercial Paper” means Commercial Paper notes of a Conduit Purchaser subject to any particular pooling arrangement by
such Conduit Purchaser but excluding Commercial Paper issued by a Conduit Purchaser for a tenor and in an amount specifically requested by
any Person in connection with any agreement effected by such Conduit Purchaser; provided, however, that if and to the extent that the Seller
requests a Conduit Purchaser to issue Commercial Paper notes with particular tranche periods and the related Managing Agent agrees to such
request, such Commercial Paper notes shall not constitute Pooled Commercial Paper
“Potential Amortization Event” means an event which, with the passage of time or the giving of notice, or both, would constitute an
Amortization Event.
“PREFCO” has the meaning set forth in the preamble to this Agreement.
“Prime Rate” means the rate of interest per annum publicly announced from time to time by Wachovia as its “prime rate.” (The
“prime rate” is a rate set by Wachovia based upon various factors including Wachovia’s costs and desired return, general economic conditions
and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such announced rate.) Any
change in the prime rate announced by Wachovia shall take effect at the opening of business on the day specified in the public announcement
of such change.
“Proposed Reduction Date” has the meaning set forth in Section 1.3.
“Pro Rata Share” means, for each Purchaser, as applicable, a fraction (expressed as a percentage), the numerator of which is the
Capital associated with such Purchaser and the denominator of which is the Aggregate Capital.
“Purchase Limit” means $1,400,000,000.
“Purchase Notice” has the meaning set forth in Section 1.2.
“Purchase Price” means, with respect to any Incremental Purchase of a Purchaser Interest, the amount paid to Seller for such
Purchaser Interest which shall not exceed the least of (i) the amount requested by Seller in the applicable Purchase Notice, (ii) the unused
portion of the Purchase Limit on the applicable purchase date and (iii) the excess, if any, of the Net
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