SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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         "Lender" means SunTrust Bank, Nashville, N.A., its successors and
assigns.

         "Letter of Credit" means any letter of credit issued by Lender on
Borrower's account pursuant to and in compliance with Section 2.11 herein.

         "LIBOR-Based Rate" means for any Libor Based Rate Interest Period, one
hundred and seventy-five (175) basis points per annum above the average
(rounded upwards, if necessary, to the next higher one/sixteenth of one
percent) of the respective rates per annum by which dollar deposits in
immediately available funds are offered to Lender in the London Interbank
market at approximately 11:00 a.m. (Nashville time) two Eurodollar Business
Days before the first day of such Libor-Based Rate Interest Period for delivery
on the first day of such Libor-Based Rate Interest Period in amounts
approximately equal to the principal amount of the loans on which the
LIBOR-Based Rate is applicable and for the number of days comprised therein.

         "LIBOR-Based Rate Period" means with respect to any Advance on which
the Borrower has elected, pursuant to Section 2.06, that the LIBOR-Based Rate
apply, the 30, 60, or 90 day period selected by Borrower commencing on the date
the Advance is made or on any subsequent Conversion Date.

         "Lien" means any interest in Property securing an obligation owed to,
or a claim by, a Person other than the owner of the Property, whether such
interest is based on the common law, statute, or contract, and including, but
not limited to, the lien or security interest arising from a mortgage,
encumbrance, pledge, security agreement, conditional sale, or trust receipt or
a lease, consignment, or bailment for security purposes. The term "Lien" shall
include reservations, exceptions, encroachments, easements, rights-of-way,
covenants, conditions, restrictions, leases, and other title exceptions and
encumbrances affecting the Property. For the purposes of this Agreement,
Borrower shall be deemed to be the owner of any Property that it has acquired
or holds subject to a conditional sale agreement, financing lease, or other
arrangement pursuant to which title to the Property has been retained by or
vested in some other Person for security purposes.

         "Loan" or "Loans" means any borrowing by Borrower under this
Agreement, the Revolving Credit Note, the Term Note, and/or any extension of
credit by Lender to or for Borrower pursuant to this Agreement or any other
Loan Document, including any renewal, amendment, extension, or modification
thereof.

         "Loan Documents" means, collectively, each document, paper or
certificate executed, furnished or delivered in connection with this Agreement
(whether before, at, or after the Closing Date), including, without limitation,
this Agreement, the Revolving Credit





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