Best Buy 2003 Annual Report Download - page 84
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7.12. “Cash Flow Leverage Ratio” means at any date of determination, the ratio of (a)
the Interest−bearing Indebtedness of Best Buy Co. and its Subsidiaries, plus eight times
Rental and Lease Expense for the Measurement Period ending on such date, to (b) the
sum for the Measurement Period ending on such date of (i) Earnings Before Interest,
Income Taxes, Depreciation and Amortization and (ii) Rental and Lease Expense, in all
cases determined in accordance with US GAAP and as set forth in Best Buy Co.’s
consolidated financial statements delivered hereunder;
7.13. “Change of Control” means the acquisition of Capital Stock by any Person or
group of Persons, beneficially or otherwise (whether by purchase, exchange, merger,
consolidation or otherwise), directly or indirectly, in one transaction or in a series of
related transactions which Person or group of Persons then on account of such
acquisition, legally, beneficially or otherwise owns or holds directly or indirectly 50%
or more of the Capital Stock of any of the Borrower or the Guarantors;
14
7.14. “Compensating Amount” means an amount determined by the Bank to be the
net cost, if any, incurred by the Bank as a direct result of the payment of any amount
owing in respect of a Banker’s Acceptance on any date other than the date of maturity
for such Banker’s Acceptance, including, without limitation, the loss or expense
sustained or incurred by the Bank relating to such payment. A certificate of a manager
or account manager of the Bank shall, absent manifest error, be conclusive evidence of
the Compensating Amount from time to time;
7.15. “Consolidated Financial Statements” means the consolidated financial
statements prepared in respect of Best Buy Co. (and including the Borrower) in
accordance with generally accepted accounting principles applied on a consistent basis;
7.16. “Consolidated Net Worth” means as of any date of determination, the sum of the
amounts set forth on the consolidated balance sheet of Best Buy Co. as the sum of the
common stock, preferred stock, additional paid−in capital and retained earnings of Best
Buy Co. (excluding treasury stock);
7.17. “Convertible Debentures” means the US$336,000,000 senior unsecured
convertible debentures (issued in 2001) and the US$402,000,000 subordinated
convertible debentures (issued in 2002) issued by Best Buy Co.;