Senior Funded Debt. At any time of determination, an amount equal to Consolidated Total Funded Debt minus the aggregate principal amount of Subordinated Debt outstanding as of such date.
Senior 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 (excluding 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.
Senior Funded Debt. In Section 8.01 of the Bank Credit Agreement, clauses (g) and (m) are amended to read as follows:
Senior Funded Debt. The Company will not at any time permit Consolidated Senior Funded Debt to exceed either
(i) two hundred percent (200%) of Consolidated Tangible Net Worth at such time, or
(ii) (A) the sum of (I) Net Installment Contract Receivables less Net Dealer Holdbacks and (II) Leased Vehicles less Net Leased Vehicle Dealer Holdbacks, in each case at such time, divided by (B) 1.10.
Senior Funded Debt. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to, any Senior Funded Debt (including, without limitation, Senior Funded Debt incurred under the Fleet/Chase Debt Facility), other than Existing Senior Funded Debt, the Senior Notes, Inter-Company Debt and Swaps, unless, immediately after giving effect thereto and to the application of the proceeds thereof (and without duplication),
(a) no Default or Event of Default exists, and
(b) (i) the sum of
(A) Consolidated Senior Funded Debt plus
(B) the greater of
(1) zero, if there shall have been a period of 30 consecutive days during the period of four consecutive fiscal quarters of the Company then most recently ended when Consolidated Current Debt was zero, or
(2) the lowest average daily amount of Consolidated Current Debt outstanding during any period of 30 consecutive days during the period of four consecutive fiscal quarters of the Company then most recently ended, 107 if Consolidated Current Debt was not zero during any such period of 30 consecutive days to
Senior Funded Debt. Not permit the Senior Funded Debt of the Borrower and its Subsidiaries to exceed (i) $500,000,000 at any time during the period from the Closing Date through first fiscxx xxxxxxx-xxx 0000, (xx) $005,000,000 at any time during the period from the commencement of the second fiscal quarter 2000 through third fiscal quarter-end 2000; and (iii) $450,000,000 at any time thereafter.
Senior Funded Debt. At any time of determination, the result of Funded Debt minus the aggregate principal amount of Subordinated Debt outstanding as of such date. Series 2000 Bonds. See definition of Xxxxxxx County Bonds. Series 2003 Bonds. See definition of Xxxxxxx County Bonds.
Senior Funded Debt. As at the end of each fiscal quarter, Borrower shall cause, on a consolidated basis, Senior Funded Debt to be less than or equal to the sum of (i) 75% of Borrower's consolidated accounts receivable, plus (ii) 40% of Borrower's consolidated inventory (valued as the lesser of cost or fair market value), plus (iii) 100% of the net book value of Borrower's consolidated equipment (excluding Fresher Under Pressure equipment).
Senior Funded Debt. The average unpaid balance of Advances outstanding under the Revolving Credit during a Fiscal Quarter. Service Agreements - Contracts with customers pursuant to which a Borrower provides Servicing. Subordinated Debt - Indebtedness subordinated to the Obligations pursuant to a subordination agreement in form and substance acceptable to Lender. Subsidiary - Any corporation more than fifty (50%) percent of whose voting stock is legally and beneficially owned by a Borrower or owned by a corporation more than fifty (50%) percent of whose voting stock is legally and beneficially owned by a Borrower. Triple A - Triple A Security Systems, Inc. UCC - The Uniform Commercial Code as in effect on the date hereof in the Commonwealth of Pennsylvania.
Senior Funded Debt. At any time of determination, the sum of Consolidated Total Funded Debt minus Subordinated Debt. S&P. Standard & Poor’s Ratings Group. Stock Pledge Agreement. Collectively, (a) the Stock Pledge Agreement, dated or to be dated on or prior to the Closing Date, between the Borrower and the Agent and in form and substance satisfactory to the Banks and the Agent; (b) the Foreign Stock Pledge Agreements.
