Total Funded Debt. As of any date of determination, an amount equal to the sum of (i) one hundred percent (100%) of all Funded Debt of any Loan Party, plus (ii) any Loan Party’s pro rata share of the Funded Debt of their respective Joint Ventures, plus (iii) to the extent not covered under clause (ii) (and without duplication of amounts thereunder) any amount of the Funded Debt of any Joint Ventures for which any Loan Party is liable.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Forestar Group Inc.), Revolving and Term Credit Agreement (Forestar Group Inc.)
Total Funded Debt. As of any date of determination, an amount equal to the sum of (i) one hundred percent (100%) of all Funded Debt of any Loan Party, plus (ii) any Loan Party’s pro rata share of the Funded Debt of their respective Joint Ventures, plus (iii) to the extent not covered under clause (ii) (and without duplication of amounts thereunder) any amount of the Funded Debt of any Joint Ventures for which any Loan Party is liable.
Appears in 2 contracts
Samples: Revolving and Term Credit Agreement (Forestar Group Inc.), Revolving and Term Credit Agreement (Forestar Real Estate Group Inc.)
