Consolidated Senior Secured Debt definition

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.

Consolidated Senior Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral.

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.

Examples of Consolidated Senior Secured Debt in a sentence

• Dieterle, IBM Corporation, Xxxxxx Valley Research Park, Building 300-44X, 0000 Xxxxx 00, Xxxxxxxx Xxxxxxxx, Xxx Xxxx 00000, with copies addressed simultaneously to the Landlord, Office of Area Counsel, IBM Corporation, 0000 Xxxxx 00, Xxxxxxxx Xxxxxxxx, Xxx Xxxx 00000-0000, until otherwise directed in writing by the Landlord.

• 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.

• Holdings shall not permit the ratio of Consolidated Senior Secured Debt to Consolidated Gross PP&E at any time during Stage 1 to exceed 0.50:1.00.

• The ratio of Consolidated Senior Secured Debt to Consolidated Total Capital shall not at any time exceed .20 to 1.0.

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 means, as at any time of determination, the aggregate stated balance sheet amount of all outstanding Indebtedness of Company and its Restricted Subsidiaries under (i) this Agreement, (ii) the Permitted Equipment Financings, (iii) any secured trade payables and (iv) Capital Leases.

Consolidated Senior Secured Debt all Consolidated Total Debt other than any Consolidated Total Debt that is unsecured and/or has been subordinated to the Obligations pursuant to an agreement reasonably satisfactory to the Administrative Agent.

Consolidated Senior Secured Debt means, at any time, (i) the sum of all Consolidated Indebtedness at such time that is secured by a Lien on any assets of the Lead Borrower or any of its Restricted Subsidiaries less (ii) the sum of (x) the aggregate principal amount of any Indebtedness of the Lead Borrower and its Restricted Subsidiaries at such time that is subordinated in right of payment to the Obligations and (y) the aggregate amount of unrestricted cash and Cash Equivalents (in each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section 10.01 and Liens created under the ABL Credit Agreement and the credit documents related thereto, any First Lien Credit Documents, any Credit Document and any Permitted Junior Debt Documents (to the extent that such cash and Cash Equivalents also secure the Indebtedness hereunder on a senior priority or pari passu basis)) included on the consolidated balance sheet of the Lead Borrower and its Restricted Subsidiaries at such time, in each case, calculated on a Pro Forma Basis.

Consolidated Senior Secured Debt means, as of any date of determination, Consolidated Total Debt less (a) Senior Unsecured Indebtedness and (b) other Indebtedness of Borrower and its Subsidiaries subordinated to the Obligations on terms reasonably satisfactory to, and which Indebtedness contains other terms, tenor and covenants reasonably satisfactory to, the Administrative Agent, determined on a consolidated basis in accordance with GAAP.

Consolidated Senior Secured Debt means at any date, Consolidated Total Debt (other than Permitted Unsecured Indebtedness) at such date, determined on a consolidated basis in accordance with GAAP, that is secured by a Lien on any assets of the Borrower or its Subsidiaries.