Consolidated Total Net Indebtedness means, as of any date of
determination, (a) the sum, without duplication, of (i) Indebtedness for borrowed money, including the Loans, (ii) Indebtedness evidenced by bonds, debentures, notes or other similar instruments, (iii) Capital Lease Obligations
and (iv) purchase money Indebtedness, in each case, of the Company and the Subsidiaries on a consolidated basis, plus (b) the aggregate obligations of the Company and the Subsidiaries in respect of any unreimbursed drawings under
letters of credit, bankers acceptances or similar instruments, plus (c) the aggregate amount of all Securitizations of the Company and the Subsidiaries, minus (d) the Unrestricted Cash Amount as of such date.
Consolidated Total Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Net Indebtedness as of
such date to (b) Consolidated EBITDA for the most recently ended Test Period.
Continuing Directors means the
directors of the Company on the Availability Date, determined immediately after giving effect to the Crane Company Distribution, and each other director of the Company, if, in each case, such other directors election or nomination for election
to the board of directors of the Company is approved by more than 50% of the then Continuing Directors.
Control means
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. Controlling and
Controlled have meanings correlative thereto.
Corresponding Tenor with respect to any Available
Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.
Covered Entity means any of (a) a covered entity as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 252.82(b), (b) a covered bank as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b) or (c) a covered FSI as that term is defined in, and interpreted in accordance
with, 12 C.F.R. § 382.2(b).
Covered Party has the meaning assigned to it in
Section 9.20(b).
Crane Company Distribution means the pro rata distribution to the holders
of common stock of Crane Holdings of the common stock of the Company made to effect the Separation.
Crane Holdings
means Crane Holdings, Co., a Delaware corporation.
Crane Holdings Debt Documents means, collectively, (a) the
indenture dated as of April 1, 1991, between Crane Holdings and U.S. Bank Trust Company, National Association, as trustee, as amended or supplemented from time to time, (b) the indenture dated as of February 5, 2018, between Crane
Holdings and U.S. Bank Trust Company, National Association, as trustee, as amended or supplemented from time to time, and (c) the credit agreement dated as of the Effective Date, among Crane Holdings (to be renamed Crane NXT, Co. on the
Availability Date), any borrowing subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, as it may be amended, restated, supplemented or otherwise modified from time to time.
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