This excerpt taken from the SPSX 8-K filed Apr 20, 2006.
toll copper owned by another Person at any time in the possession of any Borrower for processing or otherwise.
Toll/Price Adjustment Reserve - a reserve equal to Borrowers reserve for copper billed for but not shipped or delivered to a customer plus Borrowers reserve for purchase price adjustments.
Trademark Security Agreement - each trademark security agreement pursuant to which an Obligor grants to Agent, for the benefit of Secured Parties, a Lien on such Obligors interests in trademarks, as security for the Obligations.
Transferee - any actual or potential Eligible Assignee, Participant or other Person acquiring an interest in any Obligations.
Type - any type of a Loan (i.e., Base Rate Loan or LIBOR Loan) that has the same interest option and, in the case of LIBOR Loans, the same Interest Period.
UCC - the Uniform Commercial Code as in effect in the State of Georgia or, when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction.
Upstream Payment - a Distribution by a Subsidiary of a Borrower to such Borrower.
Value - with reference to the value of Eligible Inventory, value determined by Agent in its reasonable credit judgment on the basis the lower of cost or market of such Eligible Inventory, with the cost thereof calculated with respect to Communications, on a first-in, first-out basis in accordance with GAAP and with respect to all other businesses, on a last-in, first-out basis in accordance with GAAP; provided that the Value of Eligible Inventory shall not include the portion of the value of the Eligible Inventory equal to the profit earned by any Affiliate on the sale thereof to a Borrower.