Consolidated Capital Funds definition

Consolidated Capital Funds means, as at any date of determination, the sum of (i) Consolidated Indebtedness outstanding on such date and (ii) the Consolidated Net Worth at such date.

Consolidated Capital Funds as at the date of determination -------------------------- thereof, the sum of Consolidated Tangible Net Worth of the Borrower and its Subsidiaries at such date and the outstanding principal amount of the Borrower's Subordinated Debt at such date.

Examples of Consolidated Capital Funds in a sentence

• The Borrower will not permit the ratio of (i) -------------- Consolidated Indebtedness at such time to (ii) Consolidated Capital Funds as of the last day of the fiscal quarter then last ended, to be greater than 0.80:1.0.

• The Borrower will not permit the ratio of (i) Consolidated Indebtedness at such time to (ii) Consolidated Capital Funds as of the last day of the fiscal quarter then last ended, to be greater than 0.80:1.0.

• The Minimum Consolidated Capital Funds Position shall be computed quarterly beginning with figures from the March 31, 1997 financial statement of the Borrower.

• At all times during the duration of the Loan, the Consolidated Capital Funds Position of the Borrower and its wholly-owned subsidiaries shall not be less than Thirty Million Dollars ($30,000,000.00) plus fifty percent (50%) of all net profits in each such fiscal quarter, beginning with the fiscal quarter beginning January 1, 1997.