Combined Indebtedness definition

Combined Indebtedness means (i) the Combined Total Assets less (ii) the total combined stockholders' equity of the Company and its Subsidiaries and Affiliates plus deferred taxes, each determined in accordance with generally accepted accounting principles consistently applied, as such combination is effected in accordance with generally accepted accounting principles consistently applied as at any date on which the amount thereof shall be determined.

Combined Indebtedness means the Indebtedness of the FAST Operating Entities on a combined basis as determined in accordance with GAAP;

Combined Indebtedness means, as of any date of determination with respect to any Person, subject to the definition of “Designated Revolving Commitments,” an amount equal to the sum of (i) the Consolidated Total Net Debt of TEP and its consolidated Subsidiaries on such date and (ii) the Consolidated Total Net Debt of any other Person (including XXX) on such date that is not consolidated with TEP in proportion to TEP’s direct or indirect economic ownership interest in such other Person; provided that, in the case of this clause (ii), such Person would constitute a Subsidiary of TEP if its financial results were consolidated with the financial results of TEP.

Examples of Combined Indebtedness in a sentence

• Neither the Company nor any of its Subsidiaries or Affiliates shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Combined Tangible Net Worth.

• The Combined Working Capital, Combined PP&E Gross Book Value and Combined Indebtedness shall be calculated in the manner provided in this Agreement.

• Neither Xxxx nor any of its Affiliates, including the Company and the other Guarantors, shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Combined Tangible Net Worth.

• Neither Xxxx nor any of its Affiliates, including the Company and the other Guarantors, shall incur additional Indebtedness if, at the time such indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% of Combined Tangible Net Worth.

• Neither the Company nor any of its Subsidiaries or Affiliates shall incur additional Indebtedness if, at the time such Indebtedness is incurred and after giving effect thereto and to any concurrent reduction of Indebtedness, Combined Indebtedness would exceed 400% Of Combined Tangible Net Worth.

More Definitions of Combined Indebtedness

Combined Indebtedness. Combined Interest Expense", "Combined Net Income", "Combined Shareholders' Equity" and "Excess Cash Flow" appearing in Section 11 of the Credit Agreement are hereby amended, but only for all periods occurring after the Reorganization Merger Date, by changing the term "combined consolidated" in each place it appears therein to "consolidated."

Combined Indebtedness is hereby amended by adding the following new sentence immediately at the end thereof: "Notwithstanding anything to the contrary contained above, to the extent not already reflected therein, the maximum amount of Indebtedness at any time outstanding as described in the last sentence of the definition of Indebtedness contained herein shall be added to, and form part of, Combined Indebtedness (regardless of any contrary treatment under GAAP)."

Combined Indebtedness means the aggregate Indebtedness of the Company and its Affiliates.

Combined Indebtedness means, as of any date of determination, the aggregate amount of Indebtedness of the Restricted Group on such date on a combined basis, to the extent appearing as a liability upon a balance sheet (excluding the footnotes thereto) of the Restricted Group prepared in accordance with GAAP, (excluding Subordinated Shareholder Debt) plus (b) an amount equal to the greater of the liquidation preference or the maximum fixed redemption or repurchase price of all Disqualified Stock of the Company and all preferred stock of Restricted Subsidiaries, in each case, determined on a combined basis in accordance with GAAP.

Combined Indebtedness means, at any time, the amount of all Indebtedness of each of the Borrower and its Subsidiaries determined on a consolidated basis and Caterair and its Subsidiaries determined on a consolidated basis as would be required to be reflected on the liability side of a balance sheet as prepared in accordance with generally accepted accounting principles at such time, but including, in any event, (x) all bankers acceptances and letters of credit (including Letters of Credit) and Loans and (y) Contingent Obligations in respect of Indebtedness of the type described above in this description, provided, that there shall be excluded any outstanding Indebtedness in respect of any intercompany loan or Non-Compete -105- 113 Agreement between the Borrower and its Subsidiaries, on the one hand, and Caterair and its Subsidiaries, on the other hand.

Combined Indebtedness means the Existing Company Indebtedness, and any indebtedness incurred by the Company pursuant to Section 5.1(e)(ii) and the Existing Parent Indebtedness, and any indebtedness incurred by Parent pursuant to Section 5.2(e)(ii).

Combined Indebtedness means, at any time, the amount of all Indebtedness of the Parent Companies and their Subsidiaries determined on a combined consolidated basis. Notwithstanding anything to the contrary contained in this definition, for purposes of determining compliance with Section 9.09, to the extent that any tax liability is asserted against either Parent Company or any of their Subsidiaries by the IRS or any other Governmental Authority in respect of the WD Disposition and either (1) there is a binding determination that such Person is responsible for the payment of such tax liability or (2) either Parent Company or any of its Subsidiaries determines to make payments in respect of such tax liability, then the unpaid amounts of such tax liability shall be added to, and shall become a component of, Combined Indebtedness.