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 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 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.

• 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.

• 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.

More Definitions of Adjusted Consolidated Indebtedness

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 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, 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, 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 that is equal to Consolidated Indebtedness reduced by an amount equal to the sum of (i) Cash and Cash 162 Equivalents, (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, and (iii) the book value of the real and personal property (including but not limited to, land, buildings, leasehold improvements, equipment, inventory, and notes receivable) owned by the Company and used in connection with the Discontinued Business Segments.

Adjusted Consolidated Indebtedness means, as of any date, the sum of (a) Consolidated Indebtedness as of such date plus (b) the product of (i) Consolidated Lease Expense as of the last day of the most recent fiscal quarter for the four quarter period ending on such date multiplied by (ii) eight. "Adjusted Eurodollar Rate" means the Eurodollar Rate plus the Applicable Percentage.

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.