Consolidated Funded Debt. Except for each fiscal quarter end occurring during the Suspension Period, the Company shall not permit Consolidated Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed 400% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.
Consolidated Funded Debt. The Company will not at any time permit Consolidated Funded Debt to exceed 60% of Total Capitalization.
Consolidated Funded Debt. The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated Funded Debt minus the outstanding amount of all Performance Letters of Credit (including Letters of Credit issued hereunder that are Performance Letters of Credit) is less than or equal to $100,000,000.00 after giving effect to the initial borrowings under the Credit Agreement and the consummation of the Transactions.
Consolidated Funded Debt. At any time of determination, with respect to the Borrower and its Subsidiaries, the sum, without duplication, of (a) the aggregate amount of Indebtedness (including Subordinated Debt) of the Borrower and its Subsidiaries, on a consolidated basis, relating to (i) the borrowing of money or the obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business), (iii) Capitalized Leases, (iv) Rental Obligations, and (v) the maximum drawing amount of all letters of credit outstanding plus (b) Indebtedness of the type referred to in clause (a) of another Person guaranteed by the Borrower or any of its Subsidiaries.
Consolidated Funded Debt. At any time of determination, with respect to CAI and its Subsidiaries, the sum, without duplication, of (a) the aggregate amount of Indebtedness of CAI and its Subsidiaries, on a consolidated basis, relating to (i) the borrowing of money or the obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables (including trade payables to manufacturers) incurred in the ordinary course of business), (iii) Capitalized Leases, (iv) Rental Obligations, and (v) the maximum drawing amount of all letters of credit outstanding plus (b) Indebtedness of the type referred to in clause (a) of another Person guaranteed by CAI or any of its Subsidiaries, in all cases determined in accordance with GAAP. Consolidated Net Income (or Deficit). The consolidated net income (or deficit) of CAI and its Subsidiaries, after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP, after eliminating therefrom all non-recurring non-cash gains or losses and any unrealized adjustments, whether positive or negative, resulting from Interest Rate Protection Agreements or Swap Contracts in respect of currency hedging entered into in the ordinary course of business.
Consolidated Funded Debt all indebtedness for borrowed money of Borrower and its Consolidated Subsidiaries, that is classified as long term debt in accordance with GAAP, and shall include Debt of such maturity created or assumed by Borrower or any Consolidated Subsidiary either directly or indirectly, including obligations of such maturity secured by liens upon property of Borrower or its Consolidated Subsidiaries and upon which such entity customarily pays the interest, and all rental payments under capitalized leases of such maturity.
Consolidated Funded Debt. With respect to any Person, without duplication, the sum of the following items 1 through 11:
Consolidated Funded Debt. Subject to the following sentence, not incur, or permit any Subsidiary to incur, Consolidated Funded Debt having either (a) a maturity prior to the Maturity Date or (b) covenants that are more restrictive than those for which this Agreement provides. The foregoing restriction shall not apply to (i) any Indebtedness in existence as of the Closing Date and listed on the attached Schedule 8.21, (ii) any Indebtedness of RSL, RSL-Texas or Safety National to any Federal Home Loan Bank, (iii) any Indebtedness under reverse repurchase or securities lending agreements, (iv) any Indebtedness owed to the Borrower or any of its Subsidiaries, (v) any Indebtedness incurred in connection with the acquisition of Investments permitted by this Agreement, (vi) any Indebtedness under letters of credit or other credit support arrangements or surety bonds issued or obtained by any of the Reliance Standard Insurance Companies, Safety National, Safety First or Safety National Re in the ordinary course of business , or (vii) any Indebtedness other than the types specified in the preceding clauses (i) through (vi), so long as the aggregate principal amount of such Indebtedness outstanding at any one time does not exceed $50,000,000. Compliance with clause (a) of this Section 8.21 shall be determined based on the Maturity Date as in effect as of the time of the incurrence of any Indebtedness, and no extension of such Maturity Date pursuant to Section 2.12 shall give rise to a violation of this Section 8.21 with respect to any Indebtedness that was in compliance herewith when originally incurred.
Consolidated Funded Debt. At any time of determination, with respect to CAI and its Subsidiaries, an amount equal to the excess of (1) the sum, without duplication, of (a) the aggregate amount of Indebtedness of CAI and its Subsidiaries, on a consolidated basis, relating to (i) the borrowing of money or the obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables (including trade payables to manufacturers) incurred in the ordinary course of business), (iii) Capitalized Leases, (iv) Rental Obligations, and (v) the maximum drawing amount of all letters of credit outstanding plus (b) Indebtedness of the type referred to in clause (a) of another Person guaranteed by CAI or any of its Subsidiaries, in all cases determined in accordance with GAAP over (2) the amount of cash and short term investments held by or on behalf of CAI or any of its Subsidiaries as restricted cash pursuant to the terms of a debt instrument.
Consolidated Funded Debt. At the time of and after giving effect to the Credit Extensions on the Closing Date, this Agreement and the transactions contemplated hereby on a Pro Forma Basis, the Borrower is in compliance with each of the financial covenants in Section 8.8.
