Adjusted Total Funded Debt definition

Adjusted Total Funded Debt shall not include the Convertible Subordinated Notes. Earn-out liabilities with respect to the current 12-month period being measured shall be calculated by annualizing year-to-date EBITDA (or, if not determined by reference to EBITDA, a similar performance methodology) performance assuming EBITDA (or similar performance methodology) performance for the remaining months of the twelve month period being measured will be identical to the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter (e.g., if there are four months remaining in the 12-month period and the EBITDA performance was $300,000 in the most recently ended quarter, the estimated EBITDA for the remaining four months would be $400,000). Earn-out liabilities with respect to subsequent 12-month periods shall be calculated by multiplying the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter by 4, and discounting such payments by a factor of 8% in order to determine the present value thereof.
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Adjusted Total Funded Debt means, at any time, the Total Funded Debt at such time less the Borrower’s indebtedness under the 2018 Convertible Debentures at such time.
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Adjusted Total Funded Debt means, with respect to any person as of any date of determination, the total Funded Debt of such person as of such date and shall include earn-outs which would be payable in cash in connection with completed Permitted Acquisitions based upon such person's operating performance as at such date of determination; PROVIDED, HOWEVER, that for purposes of determining the Leverage Ratio, the Interest Leverage Ratio and Pro Forma Adjusted Total Funded Debt, "Adjusted Total Funded Debt" shall not include the Convertible Subordinated Notes. Earn-out liabilities with respect to the current 12-month period being measured shall be calculated by annualizing year-to-date EBITDA (or, if not determined by reference to EBITDA, a similar performance methodology) performance assuming EBITDA (or similar performance methodology) performance for the remaining months of the twelve month period being measured will be identical to the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter (e.g., if there are four months remaining in the 12-month period and the EBITDA performance was $300,000 in the most recently ended quarter, the estimated EBITDA for the remaining four months would be $400,000). Earn-out liabilities with respect to subsequent 12-month periods shall be calculated by multiplying the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter by 4, and discounting such payments by a factor of 8% in order to determine the present value thereof.
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Examples of Adjusted Total Funded Debt in a sentence

  • Maintain on a consolidated basis at each fiscal quarter-end during the Term hereof, a ratio of Consolidated Adjusted Total Funded Debt to Consolidated Proforma EBITDA Cash Flow (determined for the twelve-month period ending on the date of any such calculation) of not more than: (a) 4.00 to 1.0 for each quarter-end occurring on or before June 30, 2000, and (b) 3.50 to 1.0 for quarters ending after June 30, 2000 through the remainder of the Term hereof.

  • From Table 3, majority of the respondents agree to the positive effects of virtual library on their academic performance on each of the items in the table.

  • Permit the ratio of Adjusted Total Funded Debt to Capitalization to exceed .40 to 1.0 at any time, all as determined at the end of each Fiscal Quarter.

  • Non-GAAP Measures: Pro Forma Credit Agreement EBITDA and Adjusted Total Funded Debt (as defined) ◗ Our management uses Pro Forma Credit Agreement EBITDA and Adjusted Total Funded Debt to evaluate compliance with Rock-Tenn’s debt covenants and borrowing capacity available under its Senior Secured Credit Facility.

  • At any time of determination, Adjusted Total Funded Debt minus the principal amount of all indebtedness which is by its terms expressly subordinated to the Obligations of the borrower arising or outstanding under this Credit Agreement or any of the other Loan documents pursuant to subordination provisions satisfactory to the Banks and the Managing Agent, including, without limitation, the principal amount of the Indebtedness permitted under Section 10.1(k) hereof outstanding on such date.

  • On 4/3/13, a provider saw the patient and documented that he walked and moved onto the examination table without difficulty and that the pain was well controlled.

  • Borrowing capacity is dependent upon, in addition to other measures, the “Credit Agreement Debt/EBITDA ratio” or the “Leverage Ratio,” which is defined as Adjusted Total Funded Debt divided by Pro Forma Credit Agreement EBITDA.

  • Maintain on a consolidated basis at each fiscal quarter-end during the Term hereof, a ratio of Consolidated Adjusted Total Funded Debt to Consolidated Proforma EBITDA Cash Flow (determined for the twelve-month period ending on the date of any such calculation) of not more than: (a) 4.00 to 1.0 for each quarter-end occurring on or before March 31, 1999, and (b) 3.50 to 1.0 for quarters ending after March 31, 1999 through the remainder of the Term hereof.

  • Non-GAAP Measures: Pro Forma Credit Agreement EBITDA and Adjusted Total Funded Debt (as defined) ◗ “Pro Forma Credit Agreement EBITDA” is calculated in accordance with the definition of “EBITDA” contained in the Company’s Senior Secured Credit Facility.


More Definitions of Adjusted Total Funded Debt

Adjusted Total Funded Debt means, without duplication, as of the last day of any Rolling Period, Total Funded Debt, plus Non-Recourse Obligations of JLG and its Consolidated Subsidiaries, plus Guaranty Obligations consisting of MOSAs.
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Adjusted Total Funded Debt. At any time of determination, the sum of (a) Total Funded Debt, plus (b) (i) prior to the WQCD Closing Date, the Net WQCD Acquisition Amount and (ii) after the WQCD Closing Date, $0." "Copyright Notice. Collectively, (i) the Amended and Restated Memorandum of Grant of Security Interest in Copyrights dated as of July 1, 1997, as the same may be amended from time to time hereafter, made by the Borrower in favor of the Managing Agent and (ii) the Memorandum of Grant of Security Interest in Copyrights dated as of March 1, 1998, as the same may be amended from time to time hereafter, made by Texas Monthly, Inc. in favor of the Managing Agent, each in form and substance satisfactory to the Banks and the Managing Agent."
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Adjusted Total Funded Debt contained in Section 1.01 of the Credit Agreement is hereby amended by adding the phrase "but shall include the Senior Subordinated Note" at the end of the proviso in the first sentence thereof.
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Adjusted Total Funded Debt means the sum of: (a) Total Funded Debt for the Consolidated Entities, plus (b) consolidated rent expense for the Consolidated Entities calculated in accordance with Standard & Poor's Corporation methodology, as such may change from time to time.
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Related to Adjusted Total Funded Debt

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of Holdings and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Total Net Funded Debt means, as at any relevant date:

  • 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).

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Asset Value means, at a given time, the sum (without duplication) of all of the following of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP applied on a consistent basis: (a) Unrestricted Cash; plus (b) the quotient of (i) the Net Operating Income for each Property owned, or leased as lessee under a ground lease, by the Borrower or any Subsidiary (including any 1031 Property but excluding a Property the value of which is included in the determination of Consolidated Total Asset Value under any of the immediately following clauses (c) or (e)), for the fiscal quarter most recently ended multiplied by 4, divided by (ii) the applicable Capitalization Rate; plus (c) the acquisition cost of Properties (including any 1031 Property) acquired during the period of six fiscal quarters most recently ended; provided that the Borrower may irrevocably elect that the value of a recently acquired Property not yet owned for six quarters be determined in accordance with the preceding clause (b); plus (d) all Construction-in-Process for all Development Properties; plus (e) the aggregate Major Redevelopment Property Values of all Major Redevelopment Properties; plus (f) the GAAP book value of Unimproved Land; plus (g) the contractual purchase price of Properties of the Borrower and its Subsidiaries subject to purchase obligations, repurchase obligations, forward commitments and unfunded obligations but only to the extent such amounts are included in determinations of Consolidated Total Indebtedness; plus (h) Marketable Securities, valued at the lower of cost or Fair Market Value (to the extent that the Fair Market Value of such Marketable Securities is reasonably capable of being verified or is otherwise acceptable to the Administrative Agent); plus (i) the aggregate book value of Mortgage Receivables. The Borrower’s Ownership Share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a) and (h)) will be included in the calculation of Consolidated Total Asset Value consistent with the above described treatment for wholly owned assets. Properties disposed of during the fiscal quarter most recently ended shall not be included in the calculation of Consolidated Total Asset Value. Other Commercial Properties may only contribute to Consolidated Total Asset Value to the extent applicable under clause (c) above. In addition, to the extent (A) the amount of Consolidated Total Asset Value attributable to assets held by Unconsolidated Affiliates would exceed 20.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value and (B) the amount of Consolidated Total Asset Value attributable to Marketable Securities, Development Properties, Major Redevelopment Properties, Unimproved Land and Mortgage Receivables would exceed 30.0% of Consolidated Total Asset Value, such excess shall be excluded from Consolidated Total Asset Value.

  • Consolidated Total Capitalization means, at any date, the sum of Consolidated Debt and Consolidated Net Worth, each determined as of such date.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Adjusted Total Assets means, for any Person, the sum of:

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Consolidated Senior Funded Debt means at any date the sum of: (i) Consolidated Funded Debt, minus (ii) the Subordinated Debt.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Total Debt Ratio means, as of any Applicable Calculation Date, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Restricted Subsidiaries, minus cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, computed as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) the Issuer’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness, cash, Cash Equivalents and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided that, for purposes of the calculation of Consolidated Total Debt Ratio, in connection with the incurrence of any Indebtedness pursuant to Section 10.11, the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment (any such amount elected until revoked as described below, an “Elected Amount”) under any Indebtedness which is to be incurred (or any commitment in respect thereof) as being incurred as of the Applicable Calculation Date and (1) any subsequent incurrence of such Indebtedness under such commitment (so long as the total amount under such Indebtedness does not exceed the Elected Amount) shall not be deemed, for purposes of this calculation, to be an incurrence of additional Indebtedness at such subsequent time, (2) the Issuer may revoke an election of an Elected Amount pursuant to an Officer’s Certificate delivered to the Trustee and (3) for purposes of all subsequent calculations of the Consolidated Total Debt Ratio, the Elected Amount (if any) shall be deemed to be outstanding, whether or not such amount is actually outstanding, so long as the applicable commitment remains outstanding.

  • Consolidated Total Net Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed money, purchase money indebtedness, Attributable Indebtedness, and debt obligations evidenced by promissory notes, bonds, debentures, loan agreements or similar instruments, minus the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date; provided that Consolidated Total Net Debt shall not include Indebtedness (i) in respect of letters of credit (including Letters of Credit), except to the extent of unreimbursed amounts thereunder; provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Net Debt until three Business Days after such amount is drawn, (ii) for the avoidance of doubt, Non-Financing Lease Obligations and (iii) of Unrestricted Subsidiaries; it being understood, for the avoidance of doubt, that obligations under Swap Contracts do not constitute Consolidated Total Net Debt.

  • Consolidated Total Net Indebtedness means, on any date, the excess of (i) Consolidated Total Indebtedness over (ii) the lesser of (x) $500,000,000 and (y) the aggregate amount of unrestricted cash and cash equivalents of the Company and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP as of such date.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.