Consolidated Recourse Indebtedness means as of any determination date, the aggregate of the Recourse Indebtedness of the Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP; provided, however, that, notwithstanding anything to the contrary contained herein, for purposes of determining compliance with the covenants in Sections 1011 and 1012, Consolidated Recourse Indebtedness shall not include any Permitted Indebtedness.
Consolidated Recourse Indebtedness means, as of any date of determination, for the Consolidated Parties on a consolidated basis, all Secured Indebtedness and Unsecured Indebtedness that is recourse to any Consolidated Party (except to the extent such recourse is limited to customary non-recourse carve-outs, environmental related indemnities, and completion of capital replacements or repairs, or otherwise constitutes Secured Indebtedness or Unsecured Indebtedness that is recourse to a Single Purpose Entity). The Borrower’s pro rata share of Consolidated Recourse Indebtedness of a JV Subsidiary shall be included in the determination of Consolidated Recourse Indebtedness.
Consolidated Recourse Indebtedness means, at any time, the aggregate outstanding principal amount of all Recourse Indebtedness of CSI and its Subsidiaries at such time on a consolidated basis.
Examples of Consolidated Recourse Indebtedness in a sentence
Permit Consolidated Recourse Indebtedness (other than any Consolidated Recourse Indebtedness under this Agreement) to, at any time, exceed $50,000,000.
Permit, at any time, the aggregate Consolidated Recourse Indebtedness of the Companies to exceed ten percent (10%) of Consolidated Tangible Asset Value.
Permit Consolidated Recourse Indebtedness (other than any Consolidated Recourse Indebtedness under this Agreement and Indebtedness relating to the financing of premiums for insurance obtained for the benefit of the Consolidated Parties and/or Controlled JV Subsidiaries in an amount not to exceed $6,800,000 in the aggregate at any time outstanding) to, on the First Amendment Effective Date or at any time thereafter, exceed $0.00.
Consolidated Recourse Indebtedness other than Consolidated Recourse Indebtedness under the Agreement at Statement Date: $ Maximum permitted: $50,000 III.
The ratio of (i) the Company’s Consolidated Recourse Indebtedness to (ii) its Net Asset Value as of the close of business on the last day of each of its fiscal quarters must be equal to or less than 3.5 to 1.0.
More Definitions of Consolidated Recourse Indebtedness
Consolidated Recourse Indebtedness means, at any time, Consolidated Total Indebtedness that is Recourse Indebtedness.
Consolidated Recourse Indebtedness means, as of any date of determination, for the Parent Guarantor and its Subsidiaries on a consolidated basis, Consolidated Funded Indebtedness, whether secured or unsecured, that is recourse to the Parent Guarantor or any of its Subsidiaries.
Consolidated Recourse Indebtedness means, as of any determination date, the aggregate of the Parent Guarantor and its Subsidiaries’ Recourse Indebtedness determined on a consolidated basis in accordance with GAAP; provided, however, that, notwithstanding anything to the contrary contained herein, for purposes of determining compliance with the covenants in Sections 10.11 and 10.12, Consolidated Recourse Indebtedness shall not include any Permitted Indebtedness.
Consolidated Recourse Indebtedness means, as of any date, for the Consolidated Parties on a consolidated basis, all Secured Indebtedness and Unsecured Indebtedness that is recourse to any Consolidated Party (except to the extent such recourse is limited to customary non-recourse carve-outs, environmental related indemnities and completion of capital replacements or repairs, or otherwise constitutes Secured Indebtedness or Unsecured Indebtedness that is recourse to a Single Purpose Entity). Bxxxxxxx’s pro rata share of Consolidated Recourse Indebtedness of an Unconsolidated Affiliate shall be included in the determination of Consolidated Recourse Indebtedness. For avoidance of doubt, Consolidated Recourse Indebtedness shall not include Secured Indebtedness or Unsecured Indebtedness from one Consolidated Party to another Consolidated Party.
Consolidated Recourse Indebtedness means, without duplication, Indebtedness of the Company and the Material Subsidiaries, but excluding (i) non-recourse Indebtedness, (ii) Indebtedness in the form of performance or bid bond support or commitments, (iii) Indebtedness in the form of equity support or commitments, and (iv) Indebtedness owing to Public Service Enterprise Group Incorporated or any affiliate thereof.
Consolidated Recourse Indebtedness means, as of any date of determination, for the Companies on a consolidated basis, the sum of (a) the outstanding principal amount of all Recourse Debt (excluding the Obligations hereunder) plus (b) without duplication, all Guarantees issued by Borrower and the Guarantors with respect to outstanding Recourse Debt of Persons other than the Companies.
Consolidated Recourse Indebtedness means, as of any date of determination, for the Companies on a consolidated basis, the sum of (a) the outstanding principal amount of all Recourse Debt (excluding the Obligations hereunder) plus (b) without duplication, all Guarantees issued by Borrower and the Guarantors with respect to outstanding Recourse Debt of Persons other than the Companies; provided, however, that, in no event shall “Consolidated Recourse Indebtedness” include any Indebtedness with respect to the Hyatt Chicago Capital Lease.