Aggregate Indebtedness means, at any time, "aggregate indebtedness" as defined in and as computed in accordance with Rule 15c3-1.
Aggregate Indebtedness has the meaning as interpreted by the SEC in SEC Rule 15c3-1(c)(1) under the Exchange Act.
Aggregate Indebtedness means the total liabilities of a broker-dealer or the indebtedness of an investment adviser and includes liabilities excluded from the broker-dealer or investment adviser’s balance sheet;
Examples of Aggregate Indebtedness in a sentence
Unpaid Late Charges shall become part of the Aggregate Indebtedness and shall be added to any subsequent payments due under the Loan Documents.
If any provision of this Note should be held unenforceable or void, then that provision shall be deemed separable from the remaining provisions and shall not affect the validity of this Note, except that if that provision relates to the payment of principal and/or interest, then Holder may, at its option, declare the Aggregate Indebtedness (together with the Prepayment Fee) immediately due and payable.
At the option of Holder, if Borrower fails to pay any sum specified in this Note when due after giving effect to any grace periods, or if an Event of Default occurs, the Aggregate Indebtedness, and all other sums evidenced and/or secured by the Loan Documents, including without limitation any applicable prepayment fees (collectively, the “Accelerated Loan Amount”) shall become immediately due and payable.
Borrower shall not have the right to prepay all or any portion of the Aggregate Indebtedness at any time during the term of this Note except as expressly set forth in the Defined Terms.
The condition that will exist on any day if the Aggregate Indebtedness exceeds the Borrowing Base; if used in a quantitative context, the term shall mean the amount of such excess.
More Definitions of Aggregate Indebtedness
Aggregate Indebtedness means, with respect to any Collateral Loan and any date of determination, the aggregate amount of indebtedness (determined on a consolidated basis) of the relevant Obligor and its subsidiaries used in the calculation of any financial covenants under the Related Documents reported as of the most recent applicable period pursuant to the Related Documents; provided that (i) the relevant Obligor referred to above in this definition shall be the Obligor for which consolidated financial statements are required to be delivered under the Related Documents (and, if there is more than one such Obligor, for the Obligor with the greatest Aggregate Indebtedness as of such date of determination) and (ii) if the Administrative Agent determines on a commercially reasonable basis that “Aggregate Indebtedness” as reported for such date of determination pursuant to the Related Documents is not computed in accordance with generally accepted financial practice for similar transactions, then “Aggregate Indebtedness” shall mean the aggregate amount of Indebtedness (determined on a consolidated basis based upon the Administrative Agent's selection in good faith of a definition of “Indebtedness” that accords with generally accepted financial practice) of the relevant Obligor and its subsidiaries as of such date of determination.
Aggregate Indebtedness means, at any time, the sum of (i) the aggregate Advances hereunder and (ii) the aggregate Indebtedness owing at such time by any Brooke Party or Affiliate thereof to any Fifth Third Entities.”
Aggregate Indebtedness the meaning specified in paragraph (c) of Rule 15c3-l, as the same is computed from time to time with respect to any Person in accordance with such Rule. Agreement -- this Note Purchase Agreement (including the annexed Exhibits and Schedules), as it may from time to time be amended, supplemented or modified, in accordance with its terms. Alternative Net Capital Requirement -- the requirement relating to the maintenance of Net Capital set forth in paragraph (a)(1)(ii) of Rule 15c3-1. Business Association -- Section 2.11. Business Day -- any day other than a Saturday, Sunday or a day on which banks are permitted to close in New York, New York. Capital Lease -- any lease of property which, in accordance with generally accepted accounting principles, would be required to be capitalized on a balance sheet of the lessee. CEA -- the Commodity Exchange Act, as amended. CFTC -- the Commodity Futures Trading Commission or any successor. Closing Date -- Section 1.2. Code -- the Internal Revenue Code of 1986, as amended. Collateral -- the collateral securing a Secured Demand Note in accordance with Appendix D to Rule 15c3-1. Consolidated Subsidiary -- any Subsidiary of the Partnership whose financial statements are prepared on a consolidated basis with those of the Partnership in accordance with generally accepted accounting principles. Credit Balance -- the meaning set forth in Regulation T (12 C.F.R. 220.2(a)) of the Board of Governors of the Federal Reserve System, as in effect on the date hereof. Day Loan -- the meaning customary in the investment brokerage business, that is, a bank's extension of short term credit in support of a securities underwriter's payment to an issuer of securities of the purchase price of such securities in advance of the receipt by said underwriter of payments due it from other members of the syndicate underwriting the issuer of such securities or from its customers. DSRO -- the designated self-regulatory organization (as defined in Section 1.3(ff) of the regulations of the CFTC (17 C.F.R. 1.3(ff)) under the CEA) of the Partnership. ERISA -- the Employee Retirement Income Security Act of 1974, as amended. Event of Acceleration -- Section 14.1. Event of Default -- Section 14.2. Examining Authority -- the Examining Authority (as defined in Rule 15c3-1) of the Partnership. Exchange -- the New York Stock Exchange, Inc. Federal Bankruptcy Code -- the Federal Bankruptcy Code, 11 U.S.C. S101 et seq., as amended. Form lO-K -- Section 2.5. Form 1...
Aggregate Indebtedness as defined by Rule 15c3-1.
Aggregate Indebtedness means, with respect to a Person, the aggregate of the following: (1) any monetary liability of such Person (A) for borrowed money (including the current portion thereof), (B) under any reimbursement obligation relating to a letter of credit (to the extent drawn), bankers’ acceptance or note purchase facility, or (C) evidenced by a bond, note, debenture or similar instrument (including a purchase money obligation), and (2) any monetary liability of other Persons described in clause (1) that such Person has guaranteed, that is recourse to such Person, or any of their assets or that is otherwise the legal liability of such Person. For purposes of this Agreement, Aggregate Indebtedness includes (1) any and all accrued interest, lender fees, prepayment premiums, make whole premiums or penalties and fees or expenses actually incurred (including attorney’s fees) associated with the prepayment of any Aggregate Indebtedness, and (2) any and all amounts of the nature described in clauses (1)(A),
Aggregate Indebtedness means the aggregate indebtedness at the relevant time of Calypte to MTBV arising under the MTBV Notes and the CF Notes, including accrued interest;