Neiman Marcus 2003 Annual Report Download - page 219

(b) As provided in the definition of "Debt," a Securitization Transaction is not Debt for purposes of this Agreement.
Nevertheless, determinations of the Fixed Charge Coverage Ratio, the Leverage Ratio, Material Debt and Material Financial
Obligations are to be made as if the Borrower and its Consolidated Subsidiaries retained ownership of the transferred accounts
receivable, incurred Debt in the amount of the financing raised pursuant to such transactions and received the related income and
incurred the related interest expense, whether or not accounted for as sales under United States generally accepted accounting
principles.
Section 1.03. Classes and Types of Borrowings. The term "Borrowing" denotes the aggregation of Loans of the same
Type and Class of one or more Lenders to be made to the Borrower pursuant to Article 2 on a single date and for a single initial
Interest Period. Borrowings are classified for purposes of this Agreement by reference to either or both the Class and Type of Loans
comprising such Borrowing (e.g., a Euro-Dollar Borrowing is a Borrowing comprised of Euro-Dollar Loans while a Committed
Borrowing is a Borrowing comprised of Committed Loans).
ARTICLE II
THE CREDITS
Section 2.01. Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this
Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided
that, immediately after each such loan is made:
(i) such Lender's Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments.
Each Borrowing under this Section shall be in an aggregate principal amount of $5,000,000 or any larger integral multiple of
$1,000,000 (except that any such Borrowing may be in the aggregate amount available within the limitations in the foregoing proviso)
and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the
Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.11 and reborrow at any time during the
Revolving Credit Period under this Section.
Section 2.02. Notice of Committed Borrowing. The Borrower shall give the Administrative Agent a written notice
substantially in the form of Exhibit B (a "Notice of Committed Borrowing") not later than 12:00 Noon (New York City time) on (y)
the date of each Base Rate Borrowing and (z) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying:
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