Consolidated Net Worth" means the consolidated equity of the Company and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles (including all preferred equity and all equity securities that are classified as liabilities for purposes of generally accepted accounting principles but are convertible, either at the option of the issuer or the holder of such securities, into equity and are not redeemable at the sole option of the holder for consideration other than equity), plus, without duplication, Qualifying Subordinated Debt and Deferred Credits.

"Deferred Credits" means the deferred credits of the Company and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles.

"Guarantee Obligations" means the guarantee obligations of the Company pursuant to Article 5 of the Indenture but solely in respect of the notes.

"Holder" means a Person in whose name a note is registered in the security register in respect of the notes.