Restricted Funded Debt Sample Clauses
Restricted Funded Debt. At any time of determination, with respect to the Borrower and the Guarantor, the sum, without duplication, of (a) the aggregate amount of Indebtedness of the Borrower and the Guarantor, 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 the Borrower and the Guarantor. For the avoidance of doubt, such Indebtedness referred to in Subsection (a) above excludes Indebtedness of any Securitization Entity.
Restricted Funded Debt. Permit any of its Subsidiaries to contract, create, assume or otherwise incur any Restricted Funded Debt if, after giving effect to any such incurrence, the aggregate principal amount of all outstanding Restricted Funded Debt of the Subsidiaries would exceed fifty percent (50%) of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended prior to such incurrence, unless such excess amount of the Restricted Funded Debt to be incurred is subordinated (on terms and conditions reasonably satisfactory to the Required Lenders) to the Obligations.