Consolidated Adjusted Funded Indebtedness means, as of any date of determination, for the Company and its Subsidiaries on a consolidated basis, (a) Consolidated Funded Indebtedness minus (b) Permitted Floorplan Indebtedness.
Consolidated Adjusted Funded Indebtedness means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, plus (b) all purchase money Indebtedness, plus (c) all direct obligations arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, plus (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), plus (e) Attributable Indebtedness in respect of capital leases, plus (f) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, plus (g) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Borrower or any Subsidiary, plus (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) which such partnership or joint venture is not a direct or indirect Subsidiary of the Borrower, in which the Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Subsidiary, plus (i) an amount equal to the product of eight (8) times Consolidated Rental Expense (excluding up to $5,000,000 of Consolidated Rental Expense attributable to equipment leases) for four Fiscal Quarters most recently ended.
Consolidated Adjusted Funded Indebtedness means, at any time, the sum of (a) Indebtedness of the Parent and its Subsidiaries (other than the Designated Subsidiary) of the types described in clauses (i), (ii), (iv), (vi), (vii) and (x) of the definition of Indebtedness, calculated on a consolidated basis as of such time (provided¸ that solely the issued, non-cash collateralized obligations with respect to standby and commercial letters of credit shall be included in such calculation), plus (b) the product of Consolidated Rentals for the immediately preceding twelve month period, determined as of the end of such period, multiplied by six (6), minus (c) the amount of Unrestricted Cash at such time in excess of $25,000,000 in the aggregate.
Examples of Consolidated Adjusted Funded Indebtedness in a sentence
The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, of (i) Consolidated Adjusted Funded Indebtedness to (ii) Consolidated EBITDAR for the then most-recently ended four (4) fiscal quarters (such ratio, the “Adjusted Leverage Ratio”) to be greater than 3.50 to 1.00.
Commencing June 30, 2012, the Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, of (i) Consolidated Adjusted Funded Indebtedness to (ii) Consolidated EBITDAR for the then most-recently ended four (4) fiscal quarters (such ratio, the “Adjusted Leverage Ratio”) to be greater than 3.00 to 1.0.
More Definitions of Consolidated Adjusted Funded Indebtedness
Consolidated Adjusted Funded Indebtedness. As defined in the Credit Agreement.
Consolidated Adjusted Funded Indebtedness means the sum of (a) Consolidated Funded Indebtedness (net of cash and Cash Equivalents of the Borrowers) plus, without duplication (b) the Present Value of Consolidated Rental Expense.
Consolidated Adjusted Funded Indebtedness means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, plus (b) all purchase money Indebtedness, plus (c) all direct obligations arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, plus(d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), plus (e) Attributable Indebtedness in respect of capital leases, plus (f) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, plus (g) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Borrower or any Subsidiary, plus (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) which such partnership or joint venture is not a direct or indirect Subsidiary of the Borrower, in which the Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Subsidiary, plus (i) an amount equal to the product of eight (8) times Consolidated Rental Expense (excluding up to Five Million and 00/100 Dollars ($5,000,000) of Consolidated Rental Expense attributable to equipment leases) for four Fiscal Quarters most recently ended.
Consolidated Adjusted Funded Indebtedness means, as of any date of determination, the sum of (a) Consolidated Funded Indebtedness as of such date, plus (b) an amount equal to the product of (i) Consolidated Rent Expense for the Measurement Period most recently ended on or prior to such date, multiplied by (ii) five (5).
Consolidated Adjusted Funded Indebtedness. As defined in the Term Loan Agreement.
Consolidated Adjusted Funded Indebtedness means, as of any date, the sum of, without duplication, (a) the Consolidated Funded Indebtedness of the Borrower Parties (net of Unrestricted Cash and Cash Equivalents of the Company and its Restricted Subsidiaries that are Domestic Subsidiaries or that are organized under the laws of Mexico) as of such date and (b) the Company’s equity percentage of the Consolidated Funded Indebtedness of the Specified 50/50 JVs as of such date; provided that, in determining the amount of the Consolidated Funded Indebtedness of the Borrower Parties for purposes of this definition, the amount of Indebtedness of the Borrower Parties consisting of Revolving Credit Loans and any other Indebtedness that consists of a revolving line of credit as of any date shall be deemed to be the aggregate outstanding principal amount thereof on the last day of each fiscal quarter ending during the four fiscal quarters most recently ended on or prior to such date, divided by four (4) (with the amount of Indebtedness under any revolving line of credit as of June 30, 2004 deemed to be $0 for purposes of such calculation).
Consolidated Adjusted Funded Indebtedness means, as of any date of determination, the sum of (a) Consolidated Funded Indebtedness as of such date, plus (b) the aggregate amount of operating lease liabilities required to be capitalized on the balance sheet of the Borrower and its Subsidiaries as of such date in accordance with GAAP.