Borrower Consolidation definition

Borrower Consolidation means collective reference to Borrowers and each Restricted Subsidiary on a consolidated basis, without regard to any Unrestricted Subsidiary or other Affiliate.
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Borrower Consolidation means reference to the Borrowers on a consolidated basis, without regard to the Guarantor or any other Subsidiary or Affiliate of Guarantor.
Sample 1Sample 2
Borrower Consolidation means reference to Borrowers, including PIDI as of the First Amendment Effective Date, and thereafter each Subsidiary created in accordance and compliance with Section 6.16, all on a consolidated basis.
Sample 1

Examples of Borrower Consolidation in a sentence

  • A review of the activities of the Borrower Consolidation and Guarantor during the fiscal period covered by the attached financial statements has been made under my supervision with a view to determining whether during such fiscal period the Borrower Consolidation and Guarantor performed and observed all of their obligations under the Loan Documents.

  • On the basis of the foregoing, the undersigned certifies that the calculations made and the information contained herein are derived from the books and records of the Borrower Consolidation and the Guarantor and that each and every matter contained herein correctly reflects those books and records.

  • The Borrower Consolidation shall maintain combined Business Interruption/Extra Expense coverage with a limit representing no less than one hundred percent (100%) of the projected annual net profit plus continuing expenses (including debt service) for the Casino Facilities.

  • The Borrower Consolidation shall maintain a Commercial General Liability policy with a One Million Dollar ($1,000,000.00) combined single limit for bodily injury and property damage, including Products Liability, Contractual Liability, and all standard policy form extensions.

  • The Borrower Consolidation shall maintain a Boiler and Machinery policy for the Casino Facilities written on a Comprehensive Form with a combined direct and indirect limit of no less than Two Million Five Hundred Thousand Dollars ($2,500,000.00).

  • The Borrower Consolidation shall furnish Agent Bank with Certificates of Insurance executed by an authorized agent of the applicable insurance company or companies evidencing compliance with all insurance provisions set forth in Section 5.09 (a) through (j) on an annual basis.

  • As used in this paragraph, "Year 2000 Compliant" shall mean, in regard to any entity, that all material software, hardware, firmware, equipment, goods or systems of the Borrower Consolidation material to the business operations or financial condition of the Borrower Consolidation, will properly perform date sensitive functions before, during and after the year 2000.

  • As of the Closing Date, Borrowers do not have any Subsidiaries which are not members of the Borrower Consolidation.

  • Audited financial statements of the Borrower Consolidation for the most recently ended Fiscal Year, to the extent the same have been prepared and are available.

  • If the Borrower Consolidation has elected to self-insure Workers Compensation coverage in the State of Colorado, the Agent Bank must be furnished with a copy of the certificate from the state permitting self-insurance and evidence of a Stop Loss Excess Workers Compensation policy with a specific retention of no greater than One Hundred Fifty Thousand Dollars ($150,000.00).


More Definitions of Borrower Consolidation

Borrower Consolidation means collective reference to Borrower and MCRI on a consolidated basis, without regard to any other Subsidiaries or Affiliates of either MCRI or Borrower.
Sample 1
Borrower Consolidation means reference to the Borrowers on a consolidated basis, without regard to any other Subsidiary or Affiliate of BHGD.
Sample 1
Borrower Consolidation means collective reference to Borrowers on a consolidated basis.
Sample 1
Borrower Consolidation has achieved a Leverage Ratio no greater than 3.00 to 1.00 as of the end of the Fiscal Quarter ending December 31, 1997, or as of the end of the Fiscal Quarter ending March 31, 1998, in each instance calculated for such Fiscal Quarter and the three (3) immediately preceding Fiscal Quarters on a four (4) Fiscal Quarter basis;
Sample 1
Borrower Consolidation means collective reference to HCR, HCCMC, HWWLLC, HIMC, HTMC and HCRSC on a consolidated basis without regard to any New Venture, New Venture Subsidiaries or Affiliate.
Sample 1

Related to Borrower Consolidation

  • Non-Consolidation Opinion means that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan.

  • Total Consolidated Assets means, as of any date, the total assets appearing on the most recently prepared consolidated balance sheet of the Borrower and its Restricted Subsidiaries as of the end of the most recent fiscal quarter of the Borrower and its Restricted Subsidiaries for which such balance sheet has been provided in accordance with Section 4.01(xvii) or Section 6.01(a) or (b) (as applicable), prepared in accordance with GAAP.

  • Total Consolidated Debt means, as of any date of determination, the aggregate amount of all Indebtedness of Parent and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Total Consolidated Indebtedness means, as of any date of determination, an amount equal to the aggregate amount of all Indebtedness of the Company and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with GAAP, outstanding as of such date of determination, after giving effect to any Incurrence of Indebtedness and the application of the proceeds therefrom giving rise to such determination.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Permitted Existing Investments means the Investments of the Borrower and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Consolidated Total Borrowings means in relation to the Group, an amount (expressed in Singapore dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Singapore, equal to the aggregate of:

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Company.

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Conversion Valuation Appraisal Report Page: 4 ================================================================================

  • Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.