Combined Debt definition

Combined Debt at any date shall mean the sum of (without duplication) all Indebtedness of the Group Members of the type described in clauses (a), (b) and (e) of the definition of Indebtedness (for clarification purposes, which shall exclude letters of credit or bank guaranties, to the extent undrawn) on such date determined on a combined basis as provided in Section 1.02 in accordance with GAAP; provided, however, that in any event “Combined Debt” shall exclude any Indebtedness in respect of any AGM Fund and/or consolidated variable interest entity that is consolidated into a Group Member.

Combined Debt shall have the meaning set forth in Section 2.8(b).

Combined Debt means, with respect to the Borrower and Starwood REIT at any date, the aggregate principal amount of Indebtedness outstanding on such date of the Borrower, Starwood REIT and the Restricted Subsidiaries on a combined, consolidated basis determined in accordance with GAAP.

Examples of Combined Debt in a sentence

• As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.50 to 1.00.

• As of the last day of any fiscal quarter, the ratio of (1) Combined EBITDA to (2) Combined Debt Service (each for the twelve (12)-month period ending on such last day of such quarter), to be less than 1.50 to 1.00.

• As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.60 to 1.00.

• If, as of any Test Date, the Combined Debt Yield Ratio is less than eleven percent (11%), then for the twelve (12) month period following such Test Date (each an “Excess Cash Flow Collection Period”), Borrower shall deposit all Excess Cash Flow generated by the Property during each month into a restricted account maintained with Lender (the “Borrower’s Funds Account”), which deposits shall be made within twenty (20) days after the end of each such month.

• For any calendar quarter, the ratio of (1) Combined EBITDA to (2) Combined Debt Service (each for the twelve (12)-month period ending with such quarter), to be less than 1.50 to 1.00.

More Definitions of Combined Debt

Combined Debt means, as of any applicable date of determination, total Debt of Borrower and MLP on a combined basis as determined in accordance with GAAP.

Combined Debt means Debt of the Borrower and its Consolidated Subsidiaries (including Kinder Morgan G.P.), Kinder Morgan Energy and its Restricted Subsidiaries (xxxxxxxxx the Xxxx xx XXXX), calculated on a combined basis in accordance with GAAP.

Combined Debt means, with respect to the Borrower and Starwood REIT at any date, the aggregate principal amount of Indebtedness outstanding on such date of the Borrower, Starwood

Combined Debt means, with respect to a Person or segment at a PARTICULAR DATE, WITHOUT DUPLICATION, ALL FUNDED DEBT PLUS all obligations, contingent or otherwise, in respect of letters of credit (OTHER THAN PERFORMANCE L/CS) PLUS all Guarantee Obligations guaranteeing or in effect guaranteeing Funded Debt of another party plus all Guarantee Obligations guaranteeing or in effect guaranteeing obligations, contingent or otherwise, in respect of letters of credit (other than Performance L/Cs), in each case of such Person and its Subsidiaries or such segment as at such date, determined on a combined basis in accordance with GAAP.

Combined Debt means the original outstanding principal balances owed by Borrower and affiliates of Borrower under the Loans (as defined in the Cross-Collateralization Agreement).

Combined Debt means, with respect to a Person or segment at a particular date, without duplication, the sum of

Combined Debt means the sum of the Debt of Parent and its Consolidated Subsidiaries, excluding the outstanding principal amount of the Convertible Debentures and the Convertible Notes.