Consolidated Adjusted Debt definition

Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

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Consolidated Adjusted Debt means, as of any date of determination, (a) Consolidated Total Debt, minus (b) Consolidated Operating Debt.

Consolidated Adjusted Debt on any date, the sum of (a) Funded Debt of the Borrowers and their Subsidiaries on such date, determined on a consolidated basis in accordance with GAAP, plus (b) the product of Consolidated Lease Expense for the period of four consecutive fiscal quarters most recently ended on or prior to such date multiplied by 8.

Examples of Consolidated Adjusted Debt in a sentence

The Borrower shall cause the ratio of Consolidated Adjusted Debt to Consolidated EBITDAR as of the last day of each fiscal quarter to be no greater than 3.00 to 1.00.
Maintain a ratio of Consolidated Adjusted Debt to Consolidated EBITDA as of the end of each fiscal quarter, in respect of the four-quarter period then ended, of not greater than 3.5 to 1.00.
The Borrower shall cause the ratio of Consolidated Adjusted Debt to Consolidated EBITDAR as of the last day of each fiscal quarter to be no greater than 3.50 to 1.00.
Permit Consolidated Adjusted Debt of the Borrower and its Consolidated Subsidiaries at any time to exceed an amount equal to fifty-five percent (55%) of Consolidated Capitalization at such time.
Each Guarantor shall maintain a Consolidated Adjusted Debt Coverage Ratio of less than 2.50:1.00 as of the end of each fiscal quarter and rolling four fiscal quarter period then ended.

More Definitions of Consolidated Adjusted Debt

Consolidated Adjusted Debt means at any date (i) the Debt of the Borrower and its Consolidated Subsidiaries plus (ii) 8 times Rentals (but excluding any payments with respect to a Capital Lease to the extent such Capital Lease is included in clause (i)) payable by the Borrower and its Consolidated Subsidiaries for the period of four consecutive Fiscal Quarters ended on or most recently prior to such date, determined on a consolidated basis as of such date.

Consolidated Adjusted Debt means, as at any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, all Indebtedness of the Borrower on a Consolidated basis for borrowed money (including, without limitation but without duplication, (i) Indebtedness arising under Finance Leases, (ii) Synthetic Lease Obligations, (iii) liabilities under Guarantees, (iv) liabilities under standby letters of credit (but excluding liabilities under documentary letters of credit) and (v) the capitalized amount of Operating Leases under GAAP (after giving effect to FASB ASC 842)).

Consolidated Adjusted Debt for any period, the sum of (a) Funded Debt of Holdings and its Restricted Subsidiaries for such period plus (b) the product of eight (8) times Consolidated Lease Expense for such period.

Consolidated Adjusted Debt means at any date the sum of (i) the Debt of the Company and its Consolidated Subsidiaries plus (ii) the excess (if any) of (A) the aggregate unrecovered principal investment of transferees of accounts receivable from the Company or a Consolidated Subsidiary in transactions accounted for as sales under generally accepted accounting principles over (B) $100,000,000, in each case determined on a consolidated basis as of such date.

Consolidated Adjusted Debt means the Indebtedness of the Company and its Restricted Subsidiaries (exclusive of Indebtedness of the type that could be Incurred under Section 5.04(b)(vi) or (viii)) determined on a consolidated basis in accordance with GAAP.

Consolidated Adjusted Debt at any date of determination thereof, the sum of Indebtedness for the Company and its Subsidiaries determined without duplication to the extent that such Indebtedness would appear on a consolidated balance sheet (including footnotes, with items disclosed only in footnotes having the amounts for purpose of this definition equal to the amounts, if any, disclosed in such footnotes) of the Company and its Subsidiaries as of such date prepared in accordance with GAAP.

Consolidated Adjusted Debt means, at the end of any Fiscal Quarter, Consolidated Funded Indebtedness as of the end of such Fiscal Quarter, plus eight times the rental payments made (net of any sublease income) by the Holding Company and its Subsidiaries during the period of four completed Fiscal Quarters then most recently ended."