KPI Metrics has the meaning specified in Schedule 5.
KPI Metrics Report has the meaning specified in Schedule 5.
Lenders means the Initial Lenders and their respective successors, which are Qualifying Banks or which have been approved in writing by PMI, and permitted assignees (and includes the Swingline Lenders unless the context otherwise requires).
LIBOR means an interest rate per annum equal to either:
(a) the applicable Screen Rate as of 11:00 A.M. (London time) two Business Days before the first day of such Interest Period for a period equal to such Interest Period, or
(b) if the applicable Screen Rate shall not be available for the applicable Interest Period but shall be available for Interest Periods of a longer and shorter duration, then LIBOR shall be the Interpolated Rate; provided that, if LIBOR shall be below zero, then LIBOR will be deemed to be zero, subject, however, to the provisions of Section 2.8.
LIBOR Advance means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.5(b).
Lien has the meaning specified in Section 5.2(a).
Major Subsidiary means any Subsidiary (a) more than 50% of the voting securities of which is owned directly or indirectly by PMI, (b) which is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, any country which is a member of the European Union on the date hereof or any political subdivision thereof, or the United Kingdom, Switzerland or Japan or any of their respective political subdivisions, and (c) which has at any time total assets (after intercompany eliminations) exceeding $1,000,000,000.
Mandated Lead Arrangers and Bookrunners means Citibank, N.A., London Branch, Mizuho Bank, LTD., Banco Santander, S.A., New York Branch, Deutsche Bank Securities Inc., HSBC Bank plc, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Bank of America Europe Designated Activity Company, Barclays Bank PLC, Commerzbank AG, New York Branch, Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, Societe Generale and Standard Chartered Bank.
Margin Stock means margin stock, as such term is defined in Regulation U.
Maturity Date means 29 September 2026.
Multiemployer Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which any Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five