CFSC Consolidated Debt definition
CFSC Consolidated Debt means, for any period of determination, the aggregate Debt of CFSC and its Subsidiaries determined on a consolidated basis for such period. The calculation of CFSC Consolidated Debt shall exclude any non-recourse secured borrowings related to the securitization of accounts receivable which have been legally sold to a bankruptcy remote special purpose vehicle. For purposes of this definition, retained interest in a securitization is not considered “recourse”.
CFSC Consolidated Debt set forth in Section 1.01 is deleted in its entirety.
CFSC Consolidated Debt set forth in Section 1.01 of the Existing Credit Agreement is hereby amended to replace “CSFC” with “CFSC”.
Examples of CFSC Consolidated Debt in a sentence
For purposes of this subsection (ii), the Leverage Ratio shall be the ratio of (x) CFSC Consolidated Debt to (y) CFSC’s Consolidated Net Worth on the date for which computed.
For purposes of this subsection (ii), the Leverage Ratio shall be the ratio of CFSC Consolidated Debt to CFSC’s Consolidated Net Worth on the date for which computed.
For purposes of this subsection (ii), the Leverage Ratio shall be the ratio of CFSC Consolidated Debt to CFSC�s Consolidated Net Worth on the date for which computed.
More Definitions of CFSC Consolidated Debt
CFSC Consolidated Debt set forth in Section 1.01 is deleted in its entirety.
CFSC Consolidated Debt set forth in Section 1.01 of the Existing Credit Agreement is hereby amended to replace “CSFC” with “CFSC”.