Long-Term Debt Sample Clauses
The Long-Term Debt clause defines the terms and conditions under which a party may incur or maintain debt obligations that extend beyond a short-term period, typically more than one year. This clause often specifies limits on the amount of long-term debt permitted, outlines reporting requirements, and may require lender approval for new long-term borrowings. Its core practical function is to manage financial risk by ensuring that the party’s long-term debt levels remain within agreed parameters, thereby protecting the interests of lenders or counterparties.
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Long-Term Debt. Unsecured notes payable to Department of Budget and Finance of the State of Hawaii and assigned by the Department to the indenture trustee for the payment of amounts owing to the holders of special purpose revenue bonds and refunding special purpose revenue bonds (subsidiary obligations unconditionally guaranteed by HECO): HECO, 6.50%, series 2009, due 2039 $ 90,000 HELCO, 6.50%, series 2009, due 2039 60,000 HECO, 4.65%, series 2007A, due 2037 100,000 HELCO, 4.65%, series 2007A, due 2037 20,000 MECO, 4.65%, series 2007A, due 2037 20,000 * HECO, 5.65%, series 1997A, due 2027 50,000 * HELCO, 5.65%, series 1997A, due 2027 30,000 * MECO, 5.65%, series 1997A, due 2027 20,000 HECO, 4.60%, refunding series 2007B, due 2026 62,000 HELCO, 4.60%, refunding series 2007B, due 2026 8,000 MECO, 4.60%, refunding series 2007B, due 2026 55,000 HECO, 4.80%, refunding series 2005A, due 2025 40,000 HELCO, 4.80%, refunding series 2005A, due 2025 5,000 MECO, 4.80%, refunding series 2005A, due 2025 2,000 * HECO, 5.00%, refunding series 2003B, due 2022 40,000 * HELCO, 5.00%, refunding series 2003B, due 2022 12,000 * HELCO, 4.75%, refunding series 2003A, due 2020 14,000 HELCO, 5.50%, refunding series 1999A, due 2014 11,400 Total obligations to the State of Hawaii 639,400 Other long-term debt – unsecured: HECO, 5.39%, series 2012E, unsecured senior note, due 20426.50 %, series 2004, junior subordinated deferrable interest debentures, due 2034HECO, 4.53%, series 2012F, unsecured senior note, due 2032HECO, 4.72%, series 2012D, unsecured senior note, due 2029HECO, 4.55%, series 2012C, unsecured senior note, due 2023HELCO, 4.55%, series 2012B, unsecured senior note, due 2023MECO, 4.55%, series 2012C, unsecured senior note, due 2023HECO, 4.03%, series 2012B, unsecured senior note, due 2020MECO, 4.03%, series 2012B, unsecured senior note, due 2020HECO, 3.79%, series 2012A, unsecured senior note, due 2018HELCO, 3.79%, series 2012A, unsecured senior note, due 2018MECO, 3.79%, series 2012A, unsecured senior note, due 2018 150,00051,54640,00035,00050,00020,00030,00062,00020,00030,00011,0009,000 Total long-term debt 1,147,946 Deposits are used to secure customers' accounts HECO $ 13,614 HELCO 3,853 MECO 4,409 Total customer deposits 21,876 * set to be refinanced/redeemed with the proceeds of the sale of Notes issued under (1) this Note Purchase Agreement, (2) the separate Note Purchase and Guaranty Agreements of HELCO and MECO, and/or (3) from available funds. Conditional notices of redemption...
Long-Term Debt. The long term debt (excluding current maturities) as determined in accordance with GAAP.
Long-Term Debt the average of the long-term portion of the debt of the Company (determined in accordance with Section 2(C) hereof) outstanding at the end of each fiscal quarter for which the computation is being made (quarterly average basis).
Long-Term Debt. Other than as set out in Section 5.2(nn) of the Yerbaé Disclosure Letter, as of the Effective Date, Yerbaé shall have no long-term Indebtedness outstanding.
Long-Term Debt. As of December 31, 1999, the Company was not in compliance with several formula-based covenants in its credit facilities. As a result of this non- compliance, all debt outstanding under the credit facilities and the convertible subordinated notes as of December 31, 1999 was potentially callable and due within one year, and therefore had been reclassified from long-term debt to a current classification. On July 14, 2000, a restructuring of the credit facilities was completed, and the Company became in compliance with all of the credit facilities covenants. Long-term debt was comprised of the following: December 31, --------------------- 2000 -------- 1999 ----------- Credit facilities................................... $498,800 $ 959,610 Capital lease obligations (see Note 11)............. Less current portion and long-term debt potentially 6,053 -------- 975,682 6,799 ----------- 1,457,891 callable under covenant provisions in 1999......... (1,676) -------- $974,006 ======== (1,452,195) ----------- $ 5,696 =========== Scheduled maturities of long-term debt were as follows: 2001................................................................. 1,676 2002................................................................. 15,097 2003................................................................. 232,519 2004................................................................. 70,212 2005................................................................. 70,198 Thereafter........................................................... 585,980 Included in debt expense was interest expense, net of capitalized interest, of $112,180, $106,633 and $72,804 for 2000, 1999, and 1998, respectively. Also included in debt expense were amortization and write-off of deferred financing costs of $4,457, $4,164 and $1,376 for 2000, 1999, and 1998, respectively, and interest rate swap early termination costs of $9,823 in 1998. Credit facilities In July 2000, the major terms of the credit facilities were restructured which included the collateralization of the debt with substantially all of the Company's assets, a reduction in the revolving credit availability to $150,000 together with conversion of $299,000 of the revolving facility into a term loan, a new quarterly amortization schedule beginning September 30, 2000, and the immediate permanent pay-down of $50,000. Total outstanding debt under the credit facilities consisted of the following: December 31, ----------------- 2000 1999 -----...
Long-Term Debt. Long Term Debt Plus Current Maturities (a),(1) Total Shareholders’ Equity (b),(2) Total Capitalization (a) + (b) (3) Consolidated Ratio = (1) / (3): Hurdle < 65% (Show calculation) PASS/FAIL
Long-Term Debt. Financing that has a maturity of greater than one year.
Long-Term Debt. To Seller’s knowledge, (a) the Acquired Companies have no other indebtedness for borrowed money that would be treated as long-term debt under U.S. GAAP (including the amount of unamortized debt discount, if any) other than the Long-Term Debt and (b) set forth on Schedule 4.24 is the principal amount outstanding under each of the items listed in the definition of Long-Term Debt (on a per item basis) as of the date hereof.
Long-Term Debt. The term “LONG TERM DEBT” means all obligations of the BORROWERS to any PERSON, including, but not limited to, the OBLIGATIONS, payable more than twelve (12) months from the date of its creation, which in accordance with G.A.A.P. is shown on the balance sheet as a liability (excluding reserves for deferred income taxes).
Long-Term Debt. As of December 31, 2000 and 1999, long-term debt consisted of the following (in thousands): -------- -------- OSI US revolving credit facility, up to $21 million; secured by substantially all assets; commitment fee on unused portion is 0.375% per annum; variable interest rate payable monthly based on prime plus 2.25%; weighted average rate is 9.5% and 7.9% for 2000 and 1999, respectively.......... $ 6,624 $ -- US term bank loan -- Payable in monthly principal installments of $81,740 with the remainder due March 1, 2003; secured by substantially all assets; variable interest rate payable monthly based on prime plus 0.25%; weighted average rate of 9.6% and 7.3% for 2000 and 1999, respectively.............................................. 4,169 -- 78 OIL STATES INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED) -------- -------- UK revolving overdraft credit facility of $7.9 million -- Payable on demand; interest payable quarterly at a margin of 1.90% per annum over the bank's variable base rate; weighted average rate is 9.7% and 7.9% for 2000 and 1999, respectively.................................... 3,777 4,539 Subordinated debt issued in conjunction with acquisition -- Payable to the stockholders of the acquired company in installments through July 2002; terms were renegotiated during 2000 with full payment due upon closing of the offering; interest rate is prime plus 4% payable annually; weighted average rate is 10.3% and 8.0% for 2000 and 1999, respectively........................... 7,000 7,000 Subordinated debt issued in conjunction with acquisition -- Payable to the stockholders of the acquired company in installments through August 2003; terms were renegotiated during 2000 with full payment due upon closing of the offering; interest rate is prime plus 4% payable annually; weighted average rate is 9.8% and 6.0% for 2000 and 1999, respectively........................... 7,000 7,000 Subordinated note payable to shareholders -- Principal and accrued interest at 6% are due December 2005.............. 25,000 25,000 Subordinated note payable to related party -- $10.4 million September 1, 2001; rate of 8.5% and 8.25% for 2000 and Obligations under capital leases............................ 558 917 Other debt.................................................. -- 100 PTI Canadian revolving operating credit facility -- A portion of the facility is designated as overdraft and the remainder is restricted by a margin limit ba...