Lien means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, assignment, hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset.
LLC means any Person that is a limited liability company under the laws of its jurisdiction of formation.
Loans means the loans made by the Lenders to any Borrower pursuant to this Agreement.
Loan Documents means this Agreement, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, the TLB Joinder Agreement, the Security Documents, the Notes, the Parent Guarantee, the Parents Side Agreement and any amendment, waiver, supplement or any other modification to any of the foregoing.
Loan to Value Ratio means the ratio (expressed as a percentage) of (a) Used Truck Loans to (b) the Net Realizable Value of the eligible used truck inventory, as set forth in the Parents financial statements and pledged to the US Borrower on a first priority basis under the Used Truck Loan Agreement.
Majority Facility Lenders means with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Credit Exposure, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).
Master Intercompany Agreement means the Amended and Restated Master Intercompany Agreement, dated as of April 1, 2007, between the US Borrower and International, as amended by the Treasurers Agreement Number 1, dated as of January 30, 2009, the Treasurers Agreement Number 2, dated as of July 31, 2009, the Treasurers Agreement Number 3, dated as of December 16, 2009, the Treasurers Agreement Number 4, dated as of June 1, 2011, the Treasurers Agreement Number 5, dated as of October 31, 2011, the Treasurers Agreement Number 6, dated as of January 21, 2012, the Treasurers Agreement Number 7, dated as of September 28, 2012, the Treasurers Agreement Number 8, dated as of April 21, 2014, and the Treasurers Agreement Number 9, dated as of July 18, 2014, and as further amended, supplemented or otherwise modified from time to time.
Material Adverse Effect means a material adverse effect on (a) the business, assets, property or financial condition of the US Borrower and its Subsidiaries taken as a whole or (b) the validity or enforceability of any Loan Document or the rights and remedies of or benefits available to the Lenders under any Loan Document.