Adjusted Funded Debt means, with respect to any Person on any date of determination, the result of (a) the Funded Debt of such Person on such date, minus (b) all Qualified Cash of such Person on such date.
Adjusted Funded Debt means (a) Funded Debt plus (b) 8 times lease and rental expense for the four (4) fiscal quarterly periods ending as of the date upon which the Leverage Ratio is then being calculated.
Adjusted Funded Debt means and include the sum (without duplication) of the following, at any date, for the Borrower and its Consolidated Subsidiaries on a consolidated basis: (i) Total Funded Debt; plus (ii) the present value (discounted at ten percent (10%) per annum) of the minimum amount of noncancellable operating lease payments owing by Borrower and such Subsidiaries at such date (excluding, however, for this purpose, any such lease payments owing under the DR Holdings Lease); plus (iii) the present value (discounted at ten percent (10%) per annum) of the total payments of "Rent" owing by the Borrower under the DR Holdings Lease for the entire remaining "Lease Term" (inclusive of the original term and all renewal terms, whether or not then effective), with the terms "Rent" and "Lease Term" as used hereinabove having the meanings given to such terms in the DR Holdings Lease; plus (iv) all Redeemable Preferred Stock.
Examples of Adjusted Funded Debt in a sentence
The Tranche B, line of credit and Term Loan #2 all accrue interest at a tiered rate based on our Adjusted Funded Debt to EBITDA ratio which is payable monthly.
Adjusted Funded Debt is defined as all long-term and short-term bank debt less the outstanding balance of Term Loan #1.
The prior loan agreement also provided a $10.0 million revolving loan with interest payable monthly at the Bank-adjusted LIBOR Index plus a tiered pricing rate based on the Company’s Adjusted Funded Debt to EBITDA Ratio, with a minimum rate of 2.75%.
What is RCEP? RCEP is being negotiated between India and 15 other countries including the 10-member Asean, Japan, South Korea, New Zealand, Australia and China.
The Loan Agreement also provided a $15.0 million revolving loan (“line of credit”) through August 15, 2019 with interest payable monthly at the bank adjusted LIBOR Index plus a tiered pricing rate based on the Company’s Adjusted Funded Debt to EBITDA Ratio (4.99% at February 28, 2019).
More Definitions of Adjusted Funded Debt
Adjusted Funded Debt means all Indebtedness of the Company and its Subsidiaries determined on a consolidated basis, other than (a) Indebtedness of the type described in clause (c) of the definition of "Indebtedness", (b) contingent obligations under letters of credit, (c) Ordinary Course Indebtedness, and (d) Indebtedness in respect of banker's acceptances.
Adjusted Funded Debt means with respect to Holdings, without duplication, all Indebtedness for borrowed money evidenced by notes, bonds, debentures, or similar evidences of Indebtedness that by its terms matures more than one year from the date of creation thereof, or is directly or indirectly renewable or extendible at Holdings' option under a revolving credit or similar agreement obligating the lender or lenders to extend credit over a period of more than one year from the date of creation thereof, and specifically including Capital Lease Obligations, current maturities of long-term debt, and also including Guaranteed Indebtedness consisting of guaranties of Adjusted Funded Debt of other Person and Letter of Credit Obligations plus outstanding preferred Stock of Holdings which by its terms (or by the terms of any security which is convertible into it or exchangeable for it) or upon the happening of an event: (i) entitled its holder to a dividend payable in cash or (ii) matures or is mandatorily redeemable in whole or in part pursuant to a sinking funds obligation or otherwise or is redeemable at the option of its holder, in whole or in part, on or prior to the Termination Date less any unrestricted cash on hand of Holdings and its Subsidiaries. For purposes of this definition, the following Indebtedness shall be excluded: (1) the Indebtedness of any other Person prior to the date it became a Subsidiary of, or was merged into, Holdings or any Subsidiary of Holdings; and (2) the Indebtedness of any other Person (other than a Subsidiary) in which Holdings has an ownership interest.
Adjusted Funded Debt means, for any applicable Person as of an applicable date, Funded Debt less Long-Term Unfunded Pension Liability.
Adjusted Funded Debt means (a) all Funded Debt excluding (i) Subordinated Debt, (ii) Debt consisting of Floor Plan Financing, and (iii) Funded Debt of LRE which is secured primarily by real estate owned by LRE (“Real Estate Debt”), plus (b) at any time during which a Current Assets Election is in effect, the Current Assets Commitment Amount.
Adjusted Funded Debt means the sum of (i) "Funded Debt" (defined below) plus (ii) the product of (A) 8 multiplied by (B) lease expense for the preceding four (4)
Adjusted Funded Debt means, with respect to any Person and as of any date of determination (without duplication), (a) the aggregate amount of the principal of all Indebtedness of that Person for borrowed money (including debt securities issued and outstanding) on that date, plus (b) the aggregate amount of the principal portion of all Capital Lease Obligations of that Person on that date, plus (c) the aggregate amount available for drawing under all outstanding letters of credit on that date for which that Person is the account party, plus (d) the aggregate amount of the portion of the principal amount of the Indebtedness of any other Person on that date subject to a Guaranty Obligation of that Person plus (e) the aggregate amount of all Guaranty Obligations of that Person not with respect to any Indebtedness that has been (or in accordance with Financial Accounting Standards Board Statement No. 5 should be) quantified and reflected on the most recent balance sheet of that Person on or prior to that date and remains in effect on that date; provided, however, that Adjusted Funded Debt shall not include, in the case of Borrowers, any Indebtedness owed to Parent or, in the case of Parent, any Indebtedness owed to any of the Borrowers or to any Restricted Subsidiary; and provided, further, that in no event shall the obligations of a Person under an operating lease (as such term is defined in accordance with Generally Accepted Accounting Principles) be deemed Adjusted Funded Debt of that Person.
Adjusted Funded Debt has the meaning set forth in Section 10.1.4.