Common use of Total Liabilities Clause in Contracts

Total Liabilities. The sum, without duplication of (i) all liabilities of the Borrower determined in accordance with the accounting principles used in the preparation of the financial statements delivered pursuant to ss.7.4, including capital leases, accounts payable, accrued expenses, mortgage payables, notes payable, senior notes, convertible debentures, subordinated debentures, and secured or unsecured debt owed to banks or other financial institutions (ii) all Indebtedness of the Borrower whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, (iii) the balance available for drawing under letters of credit issued for the account of the Borrower and (iv) Borrower's Unconsolidated Entity Percentage of the Indebtedness of all Unconsolidated Entities.

Total Liabilities. The sum, without duplication of (i) all consolidated liabilities of the Borrower determined in accordance with the accounting principles used in the preparation of the financial statements delivered pursuant to ss.7.4§7.4, including capital leases, accounts payable, accrued expenses, mortgage payables, notes payable, senior notes, convertible debentures, subordinated debentures, and secured or unsecured debt owed to banks or other financial institutions institutions, (ii) all Indebtedness of the Borrower whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, (iii) the balance available for drawing under letters of credit issued for the account of the Borrower and (iv) Borrower's ’s Unconsolidated Entity Percentage of the Indebtedness of all Unconsolidated Entities.