Adjusted Debt definition

Adjusted Debt means, as of any date, the sum of (i) all Adjusted Indebtedness of the Company and its Subsidiaries on a Consolidated basis on such date and (ii) (x) Rent Expense for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered pursuant to Section 7.1(a) or 7.1(b) multiplied by six (6).

Adjusted Debt means, at any time and without duplication, an amount equal to the sum of (a) Total Funded Debt plus (b) an amount equal to the product of (i) Base Rent Expense for the immediately preceding quarter times (ii) thirty-two (32).

Adjusted Debt means Debt minus Securitization Debt.

Examples of Adjusted Debt in a sentence

• Condensed Consolidated Statements of Financial Position (unaudited) * Adjusted Debt to Capital is a non-GAAP measure; however, we believe that it is important in evaluating our financial performance.

• The Borrower shall cause the ratio of Consolidated Adjusted Debt to Consolidated EBITDAR as of the last day of each fiscal quarter to be no greater than 3.00 to 1.00.

• The Borrower will maintain at all times a ratio of consolidated Adjusted Debt to consolidated Total Capitalization of not more than .70 to 1.00.

• Rating Agency Adjusted Debt to Capitalization, excluding AOCI Rating Agency Adjusted Debt to Capitalization, excluding AOCI is computed by dividing the sum of total debt and 50% Equity Available to Preferred Shareholders by total capitalization excluding AOCI less a 50% credit for Equity Available to Preferred Shareholders.

• In addition, we pay a commitment fee ranging from 0.3% to 0.4%, also depending on our ratio of Adjusted Debt to EBITDAR, calculated on the average unused portion of the Facility.

More Definitions of Adjusted Debt

Adjusted Debt means Funded Debt, plus the product of eight (8) times Rental Payments.

Adjusted Debt means, for any date, all Indebtedness of the Borrower and its Subsidiaries (computed on a consolidated basis) outstanding on such date plus 800% of Consolidated Lease Expense for the period of four consecutive Fiscal Quarters ended on such date.

Adjusted Debt of the Borrower means at any date of measurement, all Debt of the Borrower and its consolidated Subsidiaries minus all obligations of the Borrower in respect of Hybrid Securities; provided, however, if at such date the obligations of the Borrower and its Subsidiaries in respect of Hybrid Securities exceeds 15% of consolidated Total Capitalization of the Borrower and its Subsidiaries, then such excess shall be included in Adjusted Debt.

Adjusted Debt means, for any date, all Indebtedness of the Parent Borrower and its Subsidiaries (computed on a consolidated basis) outstanding on such date plus 800% of Consolidated Lease Expense for the period of four consecutive Fiscal Quarters ended on such date.

Adjusted Debt means the sum of (i) Funded Debt and (ii) the product of (x) Rental Expense and (y) eight (8).

Adjusted Debt outstanding on any date means the sum, without duplication, of (a) the aggregate principal amount of all Debt of the Parent and its Subsidiaries, on a Consolidated basis, outstanding on such date of the kinds referred to in clauses (a), (c), (d), (e), (f) and (h) (exclusive in clause (h) of the Debt of the kind referred to in clauses (b) and (g)) of the definition of “Debt” and (b) the aggregate principal amount of all Debt of the Parent and its Subsidiaries, on a Consolidated basis, outstanding on such date of the kinds referred to in clause (i) of the definition of Debt that relates to Debt of other Persons of the kinds referred to in clauses (a), (c), (d), (e), (f) and (h) (exclusive in clause (h) of the Debt of the kind referred to in clauses (b) and (g)), of the definition of “Debt”.

Adjusted Debt at any date, the sum of (a) Consolidated Total Debt at such date plus (b) an amount equal to (i) eight times (ii)(A) the Consolidated Lease Expense for the four most recent fiscal quarters ending not less than 45 days prior to the Closing Date less (B) any such Consolidated Lease Expense for the period set out in (A) above with respect to any location made prior to the opening of the Unit at such location.