Neiman Marcus 2003 Annual Report Download - page 167

"Comparable Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term of the Debentures that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such Securities. "Independent Investment Banker" means one of the Reference Treasury Dealers appointed by the
Company.
"Comparable Treasury Price" means, with respect to any redemption date, (a) the average of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) on the third business day preceding such
redemption date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New
York and designated "Composite 3:30 p.m. Quotations for U.S. Government Securities" or (b) if such release (or any successor
release) is not published or does not contain such prices on such business day, (i) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the
Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such Quotations. "Reference Treasury
Dealer Quotations" means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. New York time on the third business day
preceding such redemption date.
"Reference Treasury Dealer" means each of Salomon Brothers Inc, Chase Securities Inc. and Merrill Lynch, Pierce, Fenner &
Smith, Incorporated and their respective successors and any such other Primary Treasury Dealer as the Company designates; provided,
however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a "Primary
Treasury Dealer"), the Company shall substitute therefor another Primary Treasury Dealer.
"Remaining Scheduled Payments" means the remaining scheduled payments of the principal of the Debentures to be
redeemed and interest thereon that would be due after the related redemption date but for such redemption; provided, however, that, if
such redemption date is not an Interest Payment Date, the amount of the next succeeding scheduled interest payment thereon will be
reduced by the amount of interest accrued thereon to such redemption date. Unless the Company defaults in payment of the
redemption price, on and after the applicable redemption date, interest will cease to accrue on the Securities or portions thereof called
for redemption.
If an Event of Default with respect to the Debentures shall occur and be continuing, the principal of all of the Debentures
may be declared due and payable in the manner, with the effect and subject to the conditions provided in the Indenture.
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