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<br />"Debt Documents" means the Indenture and the Credit Agreement and the MONY
<br />Agreement and all documents or instruments delivered in connection therewith or pursuant thereto,
<br />including any placement agreement or registration rights agreement executed and delivered in
<br />connection with the issuance of the securities subject to the Indenture.
<br />"Employee Plan" means any pension, retirement, profit-sharing, defamed compensation,
<br />vacation, severance, bonus, incentive, medical, vision, dental, disability, life insurance or my other
<br />employee benefit plan as defined in Section 3(3) of ERISA to which any Falcon Company or any
<br />ERISA Affiliate of my Falcon Company contributes or is required to contribute or which any Falcon
<br />Company or any such ERISA Affiliate sponsors or maintains.
<br />"Encumbrances" means my pledge, claim, mortgage, lien, charge, encumbrance, attachment,
<br />exception to or defect in title or other ownership interest or security interest of any kind or nature
<br />whatsoever.
<br />"Enforceability Exceptions" means the exceptions or limitations to the enforceability of
<br />contracts under bankruptcy, insolvency, or similar laws affecting creditors' rights generally or by
<br />judicial discretion in the enforcement of equitable remedies and by public policies generally.
<br />"Enstar Credit Agreement" means the Credit Agreement dated as of September 30, 1997
<br />among Easter Finance, Banque Paribas, as Administrative Agent, Bank of America National Trust
<br />and Savings Association, as Documentation Agent, and the other financial institutions parry thereto,
<br />as the same may be amended and in effect from time to time.
<br />"Enstar Debt Documents" means the Easter Credit Agreement and all documents or
<br />instruments delivered in connection therewith or pursuant thereto.
<br />"Environmental Claim" means any written claim, complaint, action, suit, proceeding,
<br />investigation or notice, including without limitation any proceeding before any federal, stare or local
<br />administrative body by any Person, agent or agency of federal, state or local government alleging
<br />potential liability arising out of, based on or resulting from (A) the release or disposal into, or the
<br />Presence in the environmem, including, without limitation, the indoor environment, soil, subsurface,
<br />surface or groundwater, of my pollutant, contaminant, waste, toxic substance, hazardous substance,
<br />petmleem or petroleum derivative at any iVUatiun, whether or not owned by the Falcon Companies,
<br />or (B) circumstances forming the basis of my violation, or alleged violation, of my Environmental
<br />Law.
<br />"Environmental law" means any and all federal, state or local laws, statues, miss,
<br />regulations, ordinances, orders, decrees or other binding obligations (A) related to releases or
<br />threatened releases of my Hazardous Substance to soil, surface water, groundwater, air or any other
<br />environmental media; (B) governing the use, treatment, storage, disposal, transport, or handling of
<br />Hazardous Substance; or (C) related to the protection of the environment and human health. Such
<br />L-nvimnmental Laws shall include, but are not limited to, RCRA, CERCLA, EPCRA, the Clean Air
<br />Act, the Clean Water Act, the Safe Drinking Water Act. the Toxic Substances Control Act, the
<br />Endangered Species Act. and say other federal, state or local laws, statutes, ordinances, rules,
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