Consolidated Senior Indebtedness definition

Consolidated Senior Indebtedness means, with respect to the Borrower and its Restricted Subsidiaries as of any date of determination on a Consolidated basis without duplication, the sum of (a) all Consolidated Total Indebtedness of the Borrower and its Restricted Subsidiaries minus (b) all Subordinated Indebtedness of the Borrower and its Restricted Subsidiaries.

Consolidated Senior Indebtedness means, as of the date of any determination thereof, Consolidated Total Indebtedness minus Subordinated Indebtedness of Holdings, the Borrower and the Restricted Subsidiaries on such date.

Consolidated Senior Indebtedness means all Indebtedness of the Borrower and its Subsidiaries, except (a) Subordinated Indebtedness, (b) any commitment or obligation of the Borrower or any Subsidiary to fund or advance premiums for split-dollar life insurance policies permitted by subsection 7.8(i) and (c) Indebtedness of the type referred to in clause (m) of the definition of "Indebtedness" in this Section 1.

Examples of Consolidated Senior Indebtedness in a sentence

• Permit the ratio of Consolidated Senior Indebtedness of Holdings to Consolidated Adjusted EBITDA for the four consecutive fiscal quarters of Holdings most recently ended to be greater than 4.0 to 1.0.

• Permit at any time the ratio of (i) Consolidated Senior Indebtedness to (ii) Consolidated EBITDA for the four fiscal quarters most recently ended on or prior to such date, to be greater than 1.50 to 1.0.

• Permit the ratio of Consolidated Senior Indebtedness of HCLP to Consolidated Adjusted EBITDAR of HCLP for the four consecutive fiscal quarters of HCLP most recently ended to be greater than 3.75 to 1.0.

• Permit the ratio of Consolidated Senior Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Senior Indebtedness Ratio") to be greater than 3.0 to 1.0.

• Notwithstanding the foregoing, for purposes of calculating Consolidated Senior Indebtedness during the fiscal quarter for which the Cure Right was exercised and any subsequent fiscal quarter for which Consolidated Adjusted EBITDA is deemed to be increased by the Cure Amount, Consolidated Senior Indebtedness shall be calculated as if the Cure Amount was not applied to reduce the Obligations.

More Definitions of Consolidated Senior Indebtedness

Consolidated Senior Indebtedness means Consolidated Indebtedness excluding Permitted Subordinated Indebtedness.

Consolidated Senior Indebtedness means, as of the date of any determination thereof, Consolidated Total Indebtedness less Subordinated Indebtedness of the Borrower and its Subsidiaries, in each case calculated on a consolidated basis as of such date in accordance with GAAP.

Consolidated Senior Indebtedness means, as at any date of determination, the difference of Consolidated Indebtedness on such date less the aggregate amount of all Subordinated Indebtedness of the Borrowers and the Subsidiary Guarantors determined on a consolidated basis in accordance with GAAP.

Consolidated Senior Indebtedness means, at any date, an amount equal to the aggregate principal amount of all funded Indebtedness (including, without limitation, all Capital Leases) of the Borrower and its Consolidated Subsidiaries that would be required to be reflected on Borrower's consolidated balance sheet at such date determined in accordance with GAAP, exclusive of Subordinated Indebtedness and unsecured Indebtedness permitted pursuant to Section 9.04.

Consolidated Senior Indebtedness means, at any time, the outstanding principal balance of the Loans and other Obligations plus the undrawn amount of all Letters of Credit then outstanding.

Consolidated Senior Indebtedness means, as of any date of determination, the aggregate amount of the following liabilities which would be shown on the consolidated balance sheet of MMA and its Subsidiaries prepared in accordance with GAAP: (a) the outstanding principal amount of all obligations, whether current or long term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), (d) Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations, and (e) all Indebtedness of the types referred to in clauses (a) through (d) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which MMA or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrowers or such Subsidiary, excluding, however (i) Approved Subordinate Debt and (ii) any such Indebtedness which exists solely as a result of the application of FIN 46R.

Consolidated Senior Indebtedness as of any date of determination, all Consolidated Total Indebtedness, but excluding Subordinated Indebtedness and Permitted Convertible Indebtedness.