Adjusted Consolidated Indebtedness definition

Adjusted Consolidated Indebtedness means (i) Consolidated Indebtedness, less (ii) Short-Term Indebtedness for advance fundings of guaranteed investment contracts, annuities and other similar insurance and investment products.

Adjusted Consolidated Indebtedness at any time shall mean Consolidated Indebtedness, minus the aggregate amount of unencumbered cash and Cash Equivalent Investments reflected on the balance sheet of the Borrower as assets of the Borrower, determined on a consolidated basis in accordance with GAAP.

Adjusted Consolidated Indebtedness means the Indebtedness of NVR on a consolidated basis.

Examples of Adjusted Consolidated Indebtedness in a sentence

• The Guarantor will maintain at all times a ratio of Adjusted Consolidated Indebtedness to Consolidated Capitalization of not more than 0.4 to 1.00.

• PLC will maintain at all times a ratio of Adjusted Consolidated Indebtedness to Consolidated Capitalization of not more than 0.4 to 1.0.

• The Companies have requested that the holders of the Notes waive the Events of Default arising on account of the Companies' failure to be in compliance as of September 30, 2000 with the financial covenants set forth in section 14.7(a) (Fixed Charge Coverage Ratio), section 14.7(b) (Adjusted Consolidated Indebtedness Ratio), section 14.7(c) (Senior Debt to Adjusted EBITDA Ratio) and section 14.7(d) (Net Worth) (the "Financial Covenants").

• The Borrower will maintain at all times a ratio of Adjusted Consolidated Indebtedness to Consolidated Capitalization of not more than 0.4 to 1.0.

• PLC will maintain at all times a ratio of Adjusted Consolidated Indebtedness to Consolidated Capitalization of not more than 0.4 to 1.0. Adjusted Consolidated Indebtedness shall be calculated without giving effect to any election under Accounting Standards Codification 000-00-00 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any indebtedness of the Borrower or any Subsidiary at “fair value”, as defined therein.

More Definitions of Adjusted Consolidated Indebtedness

Adjusted Consolidated Indebtedness means, for NVR as of any date of determination, (a) the Indebtedness of NVR on a consolidated basis, minus (b) all Unrestricted Cash in excess of $25,000,000.

Adjusted Consolidated Indebtedness that amount which is equal to Consolidated Indebtedness reduced by an amount equal to the sum of (i) Cash and Cash Equivalents, and (ii) that portion of the Company's assets (as shown on its balance sheet) which represents real property owned by the Company and used for stores with respect to which the Company is party to a fully binding commitment to enter into a sale-leaseback arrangement within sixty days following the date of such calculation.

Adjusted Consolidated Indebtedness means, as of the last day of any fiscal quarter, the sum of (i) Consolidated Indebtedness as of such date and (ii) the product of (A) Consolidated Lease Expense for the period of two consecutive fiscal quarters then ended and (B) sixteen (16).

Adjusted Consolidated Indebtedness that amount which is equal to Consolidated Indebtedness reduced by an amount equal to Cash and Cash Equivalents.

Adjusted Consolidated Indebtedness means, at any time, the amount of Consolidated Indebtedness at such time less any amounts reflected therein constituting Indebtedness incurred pursuant to the Second-Lien Credit Documents and the Third-Lien Note Documents.

Adjusted Consolidated Indebtedness means, for NVR as of any date of determination, (a) the Indebtedness of NVR on a consolidated basis, minus (b) all Unrestricted Cash in excess of $25,000,000. “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. “Administrative Agent’s Office” means Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.03, or such other address or account as Administrative Agent may from time to time notify to Borrower and the Lenders. “Administrative Questionnaire” means an Administrative Questionnaire in a form approved by Administrative Agent. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Aggregate Commitments” means the Commitments of all the Lenders. “Agreement” has the meaning specified in the introductory paragraph. “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Xxxxxx’s Commitment at such time, subject to adjustment as provided in Section 2.15. If the commitment of each Lender to make Loans and the obligation of L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most 4877- 6131- 2829 v.

Adjusted Consolidated Indebtedness of the Company means the sum of the aggregate principal amount of all Indebtedness of the Company, on a consolidated basis, minus the aggregate principal amount of Indebtedness described in clauses (ii), (iii) and (iv) of the definition of Permitted Indebtedness and with respect to clause (v) of the definition of Permitted Indebtedness, those amounts other than amounts described with respect to clause (i) of the definition of Permitted Indebtedness.