Consolidated Current Debt definition

Consolidated Current Debt means all Current Debt of the Company and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.

Consolidated Current Debt means all Current Debt of the Company and its Subsidiaries determined on a consolidated basis eliminating intercompany items.

Consolidated Current Debt means, without duplication, Current Debt of the Company and its Subsidiaries determined on a consolidated basis eliminating intercompany items.

Examples of Consolidated Current Debt in a sentence

• Neither the Company nor any Subsidiary shall at any time have or suffer to exist Current Debt unless, during the preceding 365-day period, there shall be at least 45 consecutive days on each of which there shall have been no Consolidated Current Debt outstanding in excess of the amount of additional Funded Debt that the Company would have been permitted to incur on each such day under Section 10.1.

• The Company will not at any time have any Consolidated Current Debt outstanding unless there shall have been during the immediately preceding twelve months a period of at least thirty consecutive days on each of which there shall have been no Consolidated Current Debt outstanding in excess of the amount of additional Funded Debt that the Company would have been permitted to (but did not) incur on such day under Section 10.5 (c).

• TOTAL CAPITALIZATION: as at any date of determination, the sum as of such date of (a) Consolidated Net Worth, PLUS (b) Consolidated Funded Debt PLUS (c) Consolidated Current Debt.

• The definition of Funded Debt in Section 8.1 of the Note Agreements shall be and is hereby amended by the addition thereto of the following sentence to read as follows: For purposes of any determination of under this Agreement, revolving credit Indebtedness under the Bank Credit Agreement shall not be deemed to be Funded Debt except to the extent that such Indebtedness shall be included in the Average Outstanding Balance of Consolidated Current Debt determined in accordance with ss.5.6.

• Ratio of (i) the sum of Consolidated Current Debt and Consolidated Funded Debt to (ii) Consolidated Tangible Assets in excess of 62% on and prior to December 31, 1998 and 57% thereafter.

More Definitions of Consolidated Current Debt

Consolidated Current Debt means, as of any date of determination, the total of all Current Debt of the Company and its Subsidiaries outstanding on such date, after eliminating all offsetting debits and credits between the Company and its Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Company and its Subsidiaries in accordance with GAAP.

Consolidated Current Debt means, at any time, the amount of Current Debt of the Company and its Subsidiaries on a Consolidated basis under GAAP at such time.

Consolidated Current Debt means, as of any applicable date of determination, all Current Debt of the Company and its Subsidiaries, determined on a Consolidated basis in accordance with GAAP as of such date.

Consolidated Current Debt as of any date shall mean the aggregate amount of Current Debt of the Company and its Restricted Subsidiaries (excluding Debt permitted by clause (ii) of paragraph 6C) outstanding on that date.

Consolidated Current Debt means, as of any date of determination, the total of all Current Debt of the Company and its Restricted Subsidiaries outstanding on such date, after eliminating all offsetting debits and credits between the Company and its Restricted Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Company and its Restricted Subsidiaries in accordance with GAAP.

Consolidated Current Debt as at any date of determination, the total of all Current Debt of the Company and its Subsidiaries determined in accordance with GAAP on a consolidated basis after eliminating all inter-company items. CONSOLIDATED FIXED CHARGES: for any period, the sum of the following amounts for the Company and its Subsidiaries on a consolidated basis after eliminating all inter-company transactions: (a) Consolidated Interest Expense for such period, plus (b) the aggregate amount of Long Term Lease Rentals accrued (whether or not actually paid) during such period.

Consolidated Current Debt means all Current Debt of NHLP and its Restricted Subsidiaries, determined on a consolidated basis eliminating intercompany items.