Consolidated Senior Secured Debt definition

Consolidated Senior Secured Debt means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of any Loan Party.

Consolidated Senior Secured Debt as of any date of determination, Consolidated Total Indebtedness secured by a Lien on any of the assets of the Borrower or any of its Restricted Subsidiaries.

Consolidated Senior Secured Debt means, at any date of determination, the aggregate principal amount of Total Funded Debt outstanding on such date that is secured by a Lien on any asset or property of the Borrower or the Restricted Subsidiaries, which Total Funded Debt is not, by its terms, subordinated in right of payment to the Obligations.

Examples of Consolidated Senior Secured Debt in a sentence

• For purposes of any determination of Consolidated Total Debt, Consolidated Senior Secured Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1 Financials.

• Solely with respect to the Revolving Credit Facility, Holdings will not permit the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of any Test Period ending during any Compliance Period to be greater than 7.50 to 1.00.

• Holdings shall not permit the ratio of Consolidated Senior Secured Debt to Total Capitalization at any time during Stage 1 to exceed 0.25:1.00.

• A CSU stipulation would be applied to leases that contain sensitive species or their habitats.

• For purposes of calculating the Consolidated Senior Secured Debt Ratio, at all times on or prior to the Spin-Off Effective Date, pro forma effect will be given to the consummation of the Spin-Off.

More Definitions of Consolidated Senior Secured Debt

Consolidated Senior Secured Debt all Consolidated Total Debt secured by a Lien on any assets of the MLP or Restricted Subsidiary.

Consolidated Senior Secured Debt means Consolidated Total Debt secured by a Lien on any Collateral (excluding any Permitted Other Indebtedness incurred pursuant to Section 10.1(aa), Section 10.1(bb)(i)(a) (but solely to the extent the Net Cash Proceeds thereof are applied not later than five (5) Business Days after the receipt thereof to repurchase, repay, redeem or otherwise defease Senior Notes and/or Senior Subordinated Notes pursuant to and in accordance with Section 10.7(a)(y)(i)), Section 10.1(bb)(i)(b) or Section 10.1(cc) and, in each case, secured by a Lien on Collateral ranking junior to the Lien securing the Obligations).

Consolidated Senior Secured Debt at any date shall mean any Consolidated Debt secured by a Lien.

Consolidated Senior Secured Debt means, as of any date of determination, the sum of all Indebtedness of Parent, Holdings, the Borrower and the Restricted Subsidiaries for borrowed money outstanding on such date under this Agreement, the Initial Secured Notes and any Permitted Additional Secured Notes.

Consolidated Senior Secured Debt means, with respect to any Person for any period, the aggregate principal amount of Indebtedness (other than Indebtedness that is subordinated in right of payment to the Securities or any Guarantee) of such Person and its Restricted Subsidiaries that is secured by a consensual Lien on any assets of such Person or any of its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.

Consolidated Senior Secured Debt means, at any date, the Funded Debt of the Parent and its Subsidiaries that is then secured by a Lien on any asset of the Parent or its Subsidiaries and that is not subordinated in right of payment to the Obligations.

Consolidated Senior Secured Debt means, as at any date of determination, Consolidated Net Total Debt minus unsecured Indebtedness.