Consolidated Funded Obligations definition

Consolidated Funded Obligations means the aggregate amount of all Funded Obligations of the Borrower determined on a consolidated basis in accordance with GAAP.

Examples of Consolidated Funded Obligations in a sentence

The Borrower will not issue or become liable for (other than to a Subsidiary) any Funded Obligations, unless the aggregate principal amount of Consolidated Funded Obligations does not exceed 75% of the Issue Test Total Consolidated Capitalization.
The Borrower shall maintain, as of the last day of each Fiscal Quarter, a ratio of Consolidated Funded Obligations to Maintenance Test Total Consolidated Capitalization of no more than 75%.
For the CPHC Credit Facility, CPHC is required to maintain a Consolidated Funded Obligations to Consolidated Total Capitalization ratio (calculated as the sum of long-term debt, the related interest payable, and capital lease obligations divided by the sum of members' equity and Consolidated Funded Obligations) that would not be in excess of 0.65 to 1.00.
Utility Contractor shall have no authority to act on behalf of ATCLLC or bind ATCLLC in any manner except as expressly set forth in this Agreement.
Under terms of the Company's Trust Indenture, in order to continue to issue long-term debt, the Company must maintain a ratio of Consolidated Funded Obligations (essentially all debt except non-recourse debt) to Total Consolidated Capitalization of less than 75%.

Consolidated Funded Obligations at any time, the sum of (i) Consolidated Funded Debt and (ii) all obligations of Group or any of its Subsidiaries in respect of any lease of real or personal property, including, without limitation, residual payments required pursuant to terminal rental adjustment clauses set forth in leases of tractors and trailers the term of which is more than one year from such time, in respect of which Group or any of its Subsidiaries is obligated as lessee or a user, which lease obligations shall be discounted, for purposes of this definition, at a rate equal to the rate set forth in such lease pursuant to a schedule of leases and rates which shall have been provided to and approved by the Administrative Agent, determined on a consolidated basis in accordance with GAAP; provided, that in the case of the period of four fiscal quarters ending with the fiscal quarter in which the Closing Date occurred and for each period of four fiscal quarters ending with each of the three following fiscal quarters, Consolidated Funded Obligations shall be calculated on a pro forma basis as if the Zipp Acquisition had occurred on the first day of such period.

Consolidated Funded Obligations means, as of any date, all Funded Obligations of TCPL and its Subsidiaries as of such date, determined on a consolidated basis in accordance with GAAP, but excluding therefrom Subordinated Debt to the extent no event of default has occurred and is then continuing in respect of such Subordinated Debt.

Consolidated Funded Obligations. (vii) "Consolidated Interest Expense", (viii) "Consolidated Net Income" and (ix) "Consolidated Tangible Net Worth," and substituting in lieu thereof the following new sentence to read in its entirety as follows: "Notwithstanding the foregoing, all amounts prior to and including the date of January 31, 2001 relating to TruxxxxxX0X.xxx, Xnc. shall be excluded from all calculations, excluding the calculations for Leverage Ratio, for purposes of this definition."

Consolidated Funded Obligations means the aggregated amount of all Funded Obligations of the Corporation and its Designated Subsidiaries determined on a consolidated basis in accordance with Canadian GAAP.