Nautilus 2005 Annual Report Download - page 85

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“Controlled Group” shall mean a Company and each Person required to be aggregated with a Company under Code Section 414(b), (c),
(m) or (o).
“Credit Event”
shall mean the making by the Lenders of a Loan, the conversion by the Lenders of a Base Rate Loan to a Eurodollar Loan,
the continuation by the Lenders of a Eurodollar Loan after the end of the applicable Interest Period, the making by the Swing Line Lender of a
Swing Loan, or the issuance by the Fronting Lender of a Letter of Credit.
“Credit Party” shall mean Borrower and any Subsidiary or other Affiliate that is a Guarantor of Payment.
“Default”
shall mean an event or condition that constitutes, or with the lapse of any applicable grace period or the giving of notice or both
would constitute, an Event of Default, and that has not been waived by the Required Lenders (or, if applicable, all of the Lenders) in writing.
“Default Rate” shall mean (a) with respect to any Loan, a rate per annum equal to two percent (2%) in excess of the rate otherwise
applicable thereto, and (b) with respect to any other amount, if no underlying rate is specified or available, a rate per annum equal to two
percent (2%) in excess of the Derived Base Rate from time to time in effect.
“Deposit Account Control Agreement” shall mean each Deposit Account Control Agreement among a Credit Party, Agent and a
depository institution, substantially in the form of the attached Exhibit J , executed and delivered to Agent, for the benefit of the Lenders on or
after the Closing Date, as the same may from time to time be amended, restated or otherwise modified or replaced.
“Derived Base Rate” shall mean a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) for Base Rate
Loans plus the Base Rate.
“Derived Eurodollar Rate” shall mean a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) for
Eurodollar Loans plus the Eurodollar Rate.
“Derived Swing Loan Rate” shall mean a rate per annum equal to (a) Agent’
s cost of funds as quoted to Borrower by Agent and agreed to
by Borrower, plus (b) the Applicable Margin (from time to time in effect) applicable to Eurodollar Loans.
“Disposition”
shall mean the lease, transfer or other disposition of assets (whether in one or more transaction) by a Company, other than a
sale, lease, transfer or other disposition made by a Company in the ordinary course of business.
“Dollar” or the sign $ shall mean lawful money of the United States of America.
“Domestic Subsidiary” shall mean a Subsidiary that is not a Foreign Subsidiary.
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