Neighborhood banks serve companies and consumers all through the nation. Enterprise Day shall mean (a) any day that is not a Saturday, Sunday, or a day on which banks in Charlotte, North Carolina or New York, New York, are required or permitted to be closed, and (b) with respect to all notices, determinations, fundings and funds in reference to LIBOR Revolving Loans, any day that could be a Enterprise Day pursuant to clause (a) above and that is also a day on which buying and selling is carried on by and between banks within the London interbank market.

Subordinated Debt shall imply all Debt of Borrowers, incurred each prior to and after the Closing Date, which at all times through the term of this Agreement is (a) subordinated to Borrowers’ Obligations hereunder pursuant to a written subordination settlement or in subordination provisions in the documents governing such Debt, the phrases of which are satisfactory to Required Lenders in their Permitted Discretion as of the date of such subordination settlement or as of the date such documents governing such Debt are entered into; or (b) subordinated, in a manner fairly satisfactory to Required Lenders as of the date such Debt is …