Combined Total Indebtedness definition

Combined Total Indebtedness at any date, all Indebtedness of the Loan Parties at such date, determined on a combined basis in accordance with GAAP.
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Combined Total Indebtedness means, with respect to the Borrowers and the Guarantors as of any date of determination, the sum, without duplication, of:
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Combined Total Indebtedness means all Indebtedness of the Combined Group determined on a Combined basis and in the case of the Borrower, shall include (without duplication) the Borrower’s pro rata share of the Indebtedness of its Unconsolidated Affiliates.
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Examples of Combined Total Indebtedness in a sentence

  • The Borrowers shall not permit the Aggregate Borrowing Base Value for any fiscal quarter to be less than 175% of unsecured Combined Total Indebtedness.

  • At no time shall the aggregate outstanding principal amount of Combined Total Indebtedness secured by liens permitted by Sections 8.2(vi), 8.2(vii), 8.2(xi) and 8.2(xii) exceed forty percent (40%) of the Combined Total Asset Value of the Combined Group in any fiscal quarter.

  • On any date the quotient, expressed as a percentage, equal to the Combined Total Indebtedness of the Combined Group divided by the Combined Total Asset Value of the Combined Group.

  • The Borrowers shall not permit Combined Total Indebtedness with floating interest features calculated on changes in an index or reference point to total more than the amount which is twenty-five percent (25%) of Combined Total Asset Value.

  • At no time shall Combined Total Indebtedness exceed fifty-five percent (55%) of the Combined Total Asset Value of the Combined Group in any fiscal quarter.


More Definitions of Combined Total Indebtedness

Combined Total Indebtedness means, as at any date of determination, the difference of (a) the sum of, without duplication, total Indebtedness (calculated at the outstanding principal amount based on the contract and not reflecting purchase accounting adjustments pursuant to GAAP) of the Parent, BPR and its Subsidiaries and Joint Ventures (but, in the case of non-Wholly Owned Subsidiaries and Joint Ventures of BPR and its Wholly Owned Subsidiaries, only to the extent allocable (based on economic share and not necessarily percentage ownership) to BPR or its Wholly Owned Subsidiaries) other than intercompany indebtedness and Subordinated Parent Indebtedness minus (b) unrestricted Cash and Cash Equivalents (and restricted Cash and Cash Equivalents held as collateral in a bank or securities account by a lender, creditor or counterparty or any agent or trustee of any of the foregoing and which secures any Indebtedness, but, in the case of non-Wholly Owned Subsidiaries and Joint Ventures of BPR and its Wholly Owned Subsidiaries, only to the extent allocable (based on economic share and not necessarily percentage ownership) to BPR or its Wholly Owned Subsidiaries) in each case as determined in accordance with GAAP, except as otherwise noted above with respect to the principal amount of Indebtedness and non-Wholly Owned Subsidiary and Joint Venture allocations.
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Combined Total Indebtedness as of any date (x) prior to the CEP-TIR Acquisition Date, all Indebtedness of the Loan Parties and their respective Subsidiaries determined on a combined basis, and (y) on and after the CEP-TIR Acquisition Date, all Indebtedness of the Loan Parties and their respective Subsidiaries at such date determined on a consolidated basis, in each case, in accordance with GAAP.”
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