Consolidated Senior Funded Debt definition

Consolidated Senior Funded Debt means at any date the sum of: (i) Consolidated Funded Debt, minus (ii) the Subordinated Debt.
Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.
Consolidated Senior Funded Debt means, as of any applicable date of determination, the aggregate amount of Funded Debt of the Company and its Subsidiaries, other than Subordinated Funded Debt, determined on a Consolidated basis according to GAAP as of such date.

Examples of Consolidated Senior Funded Debt in a sentence

  • The Company shall not permit Consolidated Senior Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed the Applicable Senior Funded Debt Percentage of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

  • Except for each fiscal quarter end occurring during the Suspension Period, the Company shall not permit Consolidated Senior Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed 320% of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

  • The Borrower shall maintain, as of the last day of each fiscal quarter, a ratio of (a) the sum of Consolidated Senior Funded Debt, as of such date, to (b) the sum of Consolidated EBITDA for the four fiscal quarters then ending, of not more than 1.8 to 1.

  • The Company shall not permit Consolidated Senior Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed three hundred twenty percent (320%) of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

  • The Corporation will not permit Consolidated Senior Funded Debt to exceed eighty percent (80%) of Consolidated Total Capitalization.


More Definitions of Consolidated Senior Funded Debt

Consolidated Senior Funded Debt means all Senior Funded Debt of the Company and the Subsidiaries, 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 Senior Funded Debt means all Senior Funded Debt of the Company and its Subsidiaries, determined on a consolidated basis eliminating inter-company items.
Consolidated Senior Funded Debt means as of any date the outstanding principal amount of all Debt of Parent and the Obligor Subsidiaries on a consolidated basis, but excluding Debt payable to any Person for which Parent or any of the Obligor Subsidiaries is directly and primarily liable and which is expressly subordinated to the Obligations.
Consolidated Senior Funded Debt means, at any date, for the Borrower and its Subsidiaries, Consolidated Total Funded Debt on such date less the aggregate amount of Consolidated Total Funded Debt on such date that has been subordinated to the prior payment in full of all Indebtedness under this Agreement, the Notes and the other Credit Documents pursuant to a subordination agreement satisfactory in form and content to the Administrative Agent in its sole and absolute discretion.
Consolidated Senior Funded Debt means, as of any date of determination, the outstanding principal amount as of such date of all Indebtedness of the Company and the Subsidiaries on a consolidated basis that is (a) secured by a Lien on any property or asset of the Company or any Subsidiary and (b) does not constitute Subordinated Indebtedness (to the extent such Subordinated Indebtedness is evidenced by a written instrument in form and substance, including subordination provisions, approved in writing by the Administrative Agent).
Consolidated Senior Funded Debt means (a) all Debt evidenced by the Notes, and (b) all other Consolidated Funded Debt ranking pari passu or senior in right of payment with the Debt evidenced by the Notes.
Consolidated Senior Funded Debt means all Funded Debt other than Subordinated Funded Debt.