Opening Capital Employed definition
Opening Capital Employed means total capital plus retained earnings plus or minus and currency translation adjustments of the European Group. 13 “Parent Credit Agreement” means the credit agreement dated as of 19 December 2006 (as amended, supplemented or otherwise modified heretofore) by and among Milacron Inc. and each of the other borrowers signatory thereto, as borrowers, certain other subsidiaries of Milacron Inc. signatory thereto, as credit parties, the lenders signatory thereto from time to time and General Electric Capital Corporation, as administrative agent. “Parent Indenture” means the Indenture dated as of 26 May 2004 (as amended, supplemented or otherwise modified heretofore) by and among U.S Bank National Association, as trustee, Milacron Inc. (successor by merger to Milacron Escrow Corporation) as issuer, and the guarantors party thereto, relating to the 11 ½% senior secured notes due 2011. “Permanent Headroom Block” means an excess of Availability in the amount of two million euros (€2,000,000) to be maintained throughout the term of the Financing Documents. “Property Facility” means a revolving facility to be made available to Ferromatik under the terms of the Property Facility Agreement. “Property Facility Agreement” means the agreement dated on or about the date hereof between Lloyds TSB Netherlands Branch and Ferromatik pursuant to which Lloyds TSB Netherlands Branch will make the Property Facility available to Ferromatik. “Property Facility Limit” means the maximum amount to be made available under the Property Facility at any one time. “Review Period” means the most recent two financial quarters of Milacron B.V. as at the relevant Test Date. “subsidiary” means an entity in which a person:
Opening Capital Employed means total capital plus retained earnings plus or minus and currency translation adjustments of the European Group.