Consolidated Subordinated Debt means, as of any date, all Debt of the Borrower and the Guarantors (on a consolidated basis), the payment of which is, either expressly by its terms or otherwise, subordinated to payment of the Obligations to the satisfaction of the Majority Banks.
Consolidated Subordinated Debt means Subordinated Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.
Consolidated Subordinated Debt means, as to any Person, all of the Subordinated Debt of such Person and its Consolidated Subsidiaries, computed and consolidated in accordance with GAAP.
Examples of Consolidated Subordinated Debt in a sentence
The Borrower shall not permit the ratio of (i) Adjusted Land Value to (ii) the sum of (a) Consolidated Tangible Net Worth plus (b) fifty percent (50%) of Consolidated Subordinated Debt to exceed 1.0 to 1.0.
Permit Consolidated Tangible Net Worth plus Consolidated Subordinated Debt at the last day of any fiscal quarter to be less than the amount set forth below opposite the applicable period in which the fiscal quarter occurs.
Consolidated Tangible Net Worth plus Consolidated Subordinated Debt.
The Co-Borrowers, their Subsidiaries and Affiliates shall not cancel any Claim or Consolidated Debt (except for adequate consideration and in the ordinary course of their respective businesses) and shall not prepay any long-term Consolidated Subordinated Debt; provided, however, that the foregoing shall not prohibit the prepayment of the Obligations or the refinance of any Consolidated Subordinated Debt in amounts and on terms and conditions equal to or better than the existing terms and conditions.
Consolidated Total Unsubordinated Liabilities to Consolidated Tangible Net Worth plus Consolidated Subordinated Debt.
More Definitions of Consolidated Subordinated Debt
Consolidated Subordinated Debt means, as at any time, and as determined in accordance with GAAP for the Borrower on a consolidated basis and without duplication (with any amounts owing in a currency other than Cdn. Dollars being calculated at the Equivalent Amount in Cdn. Dollars), all Subordinated Debt;
Consolidated Subordinated Debt as of any date of determination, all Indebtedness of Details and its Subsidiaries for borrowed money that is (a) outstanding on such date and (b) subordinated in right of payment to the Obligations, all calculated on a consolidated basis in accordance with GAAP.
Consolidated Subordinated Debt means, at any time, the aggregate (without duplication) of all Subordinated Debt of the Borrower and its Subsidiaries as of such date, determined on a consolidated basis.
Consolidated Subordinated Debt means all Consolidated Funded Total Indebtedness which is by its terms subordinate to the Loans as required by, and in substance acceptable to, the Agent. "Consolidated Total Assets" means, as at any time of determination thereof, the net book value of all assets of the Borrower and its Subsidiaries as determined on a consolidated basis in accordance with Generally Accepted Accounting Principles applied on a Consistent Basis. "Contingent Obligation" of any Person means (i) all contingent liabilities required (or which, upon the creation or incurring thereof, would be required) to be included in the consolidated financial statements (including footnotes) of such Person in accordance with Generally Accepted Accounting Principles applied on a Consistent Basis, including Statement No. 5 of the Financial Accounting Standards Board, and (ii) all reimbursement obligations of such Person with respect to any letter of credit and all obligations of such Person guaranteeing or in effect guaranteeing any Indebtedness of any other Person (the "primary obligor") in any manner, whether directly or indirectly, including obligations of such Person however incurred: (a) to purchase such Indebtedness or any property or assets constituting security therefor; (b) to advance or supply funds in any manner (x) for the purchase or payment of such Indebtedness or (y) to maintain a minimum working capital, net worth or other balance sheet condition or any income statement condition of the primary obligor; (c) to grant or convey any lien, security interest, pledge, charge or other encumbrance on any property or assets of such Person to secure payment of such Indebtedness; (d) to lease property or to purchase securities or other property or services primarily for the purpose of assuring the owner or holder of such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness; or (e) otherwise to assure the owner of the Indebtedness of the primary obligor against loss in respect thereof. With respect to Contingent Obligations, such liabilities shall be computed at the amount which, in light of all the facts and circumstances existing at the time, represent the present value of the amount which can reasonably be expected to become an actual or matured liability. "Continue", "Continuation", and "Continued" shall refer to the continuation pursuant to Section 2.11 hereof of a Eurodollar Loan from one Interest Period to the next Interest Period.
Consolidated Subordinated Debt as of any date of determination, with ------------------------------ respect to any Person, the Subordinated Debt of such Person and its Consolidated Subsidiaries.
Consolidated Subordinated Debt means, at any date of determination thereof, all Debt of the Consolidated Entities which is subordinated to all obligations owed to the Required Lenders on terms and conditions acceptable to the Lenders, as determined on a consolidated basis in accordance with GAAP.
Consolidated Subordinated Debt means at any time as of which the amount thereof is to be determined, the sum of the following in respect of the Borrower and its Subsidiaries determined on a consolidated basis: (i) the Convertible Subordinated Debentures, (ii) the Junior Subordinated Debentures, (iii) the Parisian Senior Subordinated Notes and (iv) all other Consolidated Funded Total Indebtedness which is by its terms subordinate to the Loans as required by, and in substance acceptable to, the Agent;