Amendment to Definition

Amendment to Definition. All references to the term "Consolidated Net Worth" in the Loan Agreement and the other Financing Agreements shall be deemed and each such reference is hereby amended by replacing clause (f) with the following . "(f) effective on and after March 1, 2004, solely for purposes of calculating Consolidated Net Worth of Hanover and its Subsidiaries for the fiscal month ending January 2004 and every fiscal month thereafter, to the extent that the provisions of Financial Accounting... Standards No.150 ("FAS No.150") would not require Hanover to treat the Series C Participating Preferred Stock as a financial instrument and would not require Hanover to classify the liquidation preference feature of the Series C Participating Preferred Stock as a liability as provided by FAS 150, then the aggregate amounts of accretion for the liquidation preference of the Series C Participating Preferred Stock (utilizing the interest method of accounting) shall nevertheless be considered liabilities 2 for purposes of determining compliance during applicable measurement periods set forth in Section 6.20 hereof." View More

Amendment to Definition. Clause (h) of the definition of "Debt" contained in Section 1.02 of the Credit Agreement is hereby amended and restated in its entirety to read in full as follows: "(h) all obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others and, to the extent entered into as a means of providing credit support for the obligations of others and not primarily to enable such Person to acquire any such Property, all obligations or... undertakings of such Person to purchase the Debt or Property of others;" View More

Amendment to Definition. The term "Leverage Ratio" in the definition section of the Loan Agreement is hereby amended as follows: "Leverage Ratio" [Intentionally Deleted]