“Borrower” means Heathrow Airport Limited, Gatwick Airport Limited and Stansted Airport Limited, as long as each of them remains a member of the Security Group, as well as any company that adheres to the Joint Terms and Conditions Agreement and the STID as a borrower, but excludes any person who is no longer a member of the Security Group under the terms of the Financial Documents; and “Borrower” means one of them. “BSC” means BAA Business Support Centre Ltd. “BSC Account” means the primary operating account(s) in the name of BSC and managed by Barclays Bank PLC`s shared services subcontractor and includes all sub-accounts relating to such accounts and any replacement accounts with an eligible bank from time to time. “BSC Notice of Direction” means a notice from a creditor backed by a qualified borrower (other than the unmarried bond trustee or the holder of non-migrated bonds, except with respect to paragraph 24.1(d) of the STID) owed alone or with another creditor backed by a qualified borrower (with qualified borrowers) to an eligible borrower debt with a total outstanding principal amount of at least 10%. or is. the total amount of outstanding principal of all eligible debts of the borrower outstanding at that time to the trustee of the borrowing securities in order to request the trustee of the borrower`s guarantee to exercise any of the rights granted to him under the joint documents. “BSC Service Agreement” means the service agreement entered into between BAA and BSC on or about the date of first issue. “Business Day” means: (a) (b) with respect to any amount payable in euros, a TARGET settlement date and a day on which commercial banks and foreign exchange markets process payments generally in London and in connection with the Notes in any additional city (if any) or in the additional cities specified in the relevant Final Terms; and, in respect of any amount payable in a currency other than the euro, on a day when commercial banks and foreign exchange markets generally settle payments in London and in the principal financial centre of the currency in which those financial debts are situated, UK/1160368/38 – 16 – 230913/70-20134892 1. On behalf of Heathrow Airport Limited, Heathrow Express Operating Company Limited, Heathrow (AH) Limited and Heathrow (SP) Limited (“Heathrow SP”), LHR Airports Limited (as the Security Group`s agent) today distributes its semi-annual report to investors to various parties under the terms of the Common Terms Agreement (as amended) (the “CTA”) was entered into in August 2008. denominated in New York (which is New York in the case of payment in US dollars) and in respect of tickets in any additional city (if any) specified in the applicable final terms. provided that (a) if the “Business Day” is used in connection with (i) a principal or interest payment ultimately used for a payment on a Packaged Bond, or (ii) a notice issued in connection with such payment, a day is a business day only if it is also a business day (however defined) for the purposes of the relevant Financial Collateral; and (b) if “Business Day” is used in connection with a Coverage Agreement, “Business Day” will have the meaning given to it in that Coverage Agreement. “CAA” or “Civil Aviation Authority” means the United Kingdom Civil Aviation Authority.
`Calculation agency contract` means, with regard to the obligations of a tranche, an agreement concluded in or essentially in the form of Annex 1 (form of the calculation agency agreement) to the agency contract. “calculation agent” means, in respect of a tranche of debt securities, the person designated by the issuer as the calculation agent for that tranche of debt securities in accordance with the provisions of a calculation agency contract (or other arrangement) and includes all the calculation bodies designated for that tranche of debt securities. `Calculation date` means (with the exception of guarantee contracts where the `calculation date` has the meaning assigned to it in this guarantee contract) for each reference date falling in June, the 31 December immediately preceding and, for each reference date falling on the first of December, immediately before 30 December. June or any other date that may be agreed upon due to a change at the end of the fiscal year or at the end of the regulatory fiscal year. Date of a debtor. “Capex Facilities” means the Facilities, including the Initial Investment Facility under the Initial Credit Facility Agreement, made available to Borrowers to finance the Borrower`s investment needs (or, depending on the context, the arrangements under which they are made available) and “Capex Facility” means one of them. `investment investment provider` means a lender or lender under an investment facility. “Capital Expenditures” or “Capital Expenditures” means all capital expenditures (less related grants and contributions) incurred (or expected to be incurred for a future period) in connection with maintaining baseline service levels or increasing capacity or improving the level of service, quality or safety. “Cash Sweeping Act” means the cash sweeping act dated to or about the first date of issue between the borrowers and the bank of the borrowing account. `cash flow from operating activities` means, for the purposes of the joint agreement on general terms and conditions, the amount of cash flows from operations, including dividends, received by a debtor of a subsidiary that is not a debtor but without interest paid, interest received and income taxes paid, as provided for in the cash flow statements submitted under the joint agreement on terms and conditions; subject to certain adjustments and restrictions set out in Section 4 (Results of Holdings) of Part 2 of Schedule 4 (Results of Operations).
2 of the Memorandum of Understanding on Common Conditions. . . .
