Consolidated Total Adjusted Debt means, as of any date of determination, (i) Consolidated Total Debt, plus (ii) to the extent not included in clause (i), all operating lease obligations of Sponsor and its Subsidiaries measured at the present value of such obligations (using a 10% discount rate).
Consolidated Total Adjusted Debt means, as of any date, (i) Consolidated Total Debt plus (ii) (A) Consolidated Lease Expense for the most recently ended four consecutive Fiscal Quarters for which financial statements have been delivered multiplied by (B) five (5) minus (iii) all Indebtedness of the Borrower and its Subsidiaries secured by Liens on Real Property owned by the Borrower and its Subsidiaries.
Consolidated Total Adjusted Debt means, at any time, all Consolidated Debt, plus all amounts outstanding under the Synthetic Lease Documents, plus an amount equal to the present value (using a discount rate of 10%) of all other operating leases of the Borrower and its Consolidated Subsidiaries, less any obligations of the Borrower and its Consolidated Subsidiaries with respect to interest rate protection agreements, foreign currency exchange agreements or other hedging arrangements (valued as the termination value thereof computed in accordance with a method approved by the International Swap Dealers Association and agreed to by such Person in the applicable hedging agreement, if any).
Examples of Consolidated Total Adjusted Debt in a sentence
The ratio of Consolidated Total Adjusted Debt to -------------------- Consolidated EBILTDA will not at any time exceed 3.00 to 1.00.
On the last day of each fiscal quarter of the Company, Consolidated Total Adjusted Debt shall not exceed 420% of Consolidated Adjusted EBITDA during the period of four consecutive fiscal quarters then ended.
The Borrower and its Subsidiaries shall maintain at all times on a consolidated basis a ratio of Consolidated Total Adjusted Debt to Consolidated Total Capital of not more than 0.65:1.0.
The Borrower and its Subsidiaries shall maintain on a consolidated basis, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2002, a ratio of Consolidated Total Adjusted Debt to Consolidated Total Capital of not more than 0.65:1.
The Borrower and its Subsidiaries shall maintain on a consolidated basis, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2002, a ratio of Consolidated Total Adjusted Debt to Consolidated Total Capital of not more than 0.65:1.0.
More Definitions of Consolidated Total Adjusted Debt
Consolidated Total Adjusted Debt means, at any date, the total of (a) Consolidated Total Financing Debt as at such date, minus (b) to the extent included in Consolidated Total Financing Debt as at such date, the Foreign Non-Recourse Debt of the Foreign Subsidiaries of the Company as at such date, minus (c) the aggregate of the Eligible Securities Values of all Eligible Securities as at such date.
Consolidated Total Adjusted Debt means, as of any date, (i) Consolidated Total Debt (other than all Synthetic Lease Obligations to the extent such Synthetic Lease Obligations are included in clause (ii) below as Operating Lease Obligations), plus (ii) to the extent not included in clause (i), all Operating Lease Obligations of Borrower and its Subsidiaries measured at the present value of such obligations (using a 10% discount rate).
Consolidated Total Adjusted Debt. “Encumbered Facility”, “Maturity Date” and “Revolving Commitment Termination Date” in their entirety with the following: “Aggregate Revolving Commitment Amount” shall mean the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Third Amendment Date, the Aggregate Revolving Commitment Amount is $150,000,000. “Consolidated EBITDA” shall mean, for the Borrower and its Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period plus (ii) to the extent deducted in determining Consolidated Net Income for such period, and without duplication, (A) Consolidated Interest Expense, (B) income tax expense determined on a consolidated basis in accordance with GAAP, (C) depreciation and amortization determined on a consolidated basis in accordance with GAAP, (D) non-cash stock-based compensation expense determined on a consolidated basis in accordance with GAAP, (E) non-cash acquisition-related charges determined on a consolidated basis in accordance with GAAP and (F) all other non-cash charges acceptable to the Administrative Agent determined on a consolidated basis in accordance with GAAP, in each case for such period; provided that for purposes of calculating compliance with the financial covenants set forth in Article VI, to the extent that during such period any Loan Party shall have consummated a Permitted Acquisition or other Acquisition approved in writing by the Required Lenders, or any sale, transfer or other disposition of any Person, business, property or assets, Consolidated EBITDA shall be calculated on a Pro Forma Basis with respect to such Person, business, property or assets so acquired or disposed of. “Consolidated Total Adjusted Debt” shall mean, as of any date, (i) Consolidated Total Debt plus (ii) (A) Consolidated Lease Expense for the most recently ended four consecutive Fiscal Quarters for which financial statements have been delivered multiplied by (B) five (5) minus (iii) all Indebtedness of the Borrower and its Subsidiaries secured by Liens on Real Property owned by the Borrower and its Subsidiaries. “Encumbered Facility” shall mean (i) any HUD Facility (other than the Existing HUD Facility) or (ii) any facility located on any Real Property subject to a Lien securing the RBS Note, the Ten Project Note or any other Indebtedness of the Borrower or any of its Subsidiaries (other than the Obligations). For the avoidance of doubt, no Mortgaged Property shall be conside...
Consolidated Total Adjusted Debt means, as of any date, (i) Consolidated Total Debt plus (ii) (A) Consolidated Lease Expense for the most recently ended four consecutive Fiscal Quarters for which financial statements have been delivered multiplied by (B) five (5) minus (iii) all Indebtedness of the Borrower and its Subsidiaries secured by Liens on Real Property owned by the Borrower and its Subsidiaries. “Encumbered Facility” shall mean (i) any HUD Facility (other than the Existing HUD Facility) or (ii) any facility located on any Real Property subject to a Lien securing the RBS Note, the Ten Project Note or any other Indebtedness of the Borrower or any of its Subsidiaries (other than the Obligations). For the avoidance of doubt, no Mortgaged Property shall be considered an Encumbered Facility. “Maturity Date” shall mean, with respect to the Term Loans, the earlier of (i) February 1, 2018 and (ii) the date on which the principal amount of all outstanding Term Loans have been declared or automatically have become due and payable (whether by acceleration or otherwise). “Revolving Commitment Termination Date” shall mean the earliest of (i) February 1, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise). “Third Amendment Date” shall mean February 1, 2013.
Consolidated Total Adjusted Debt at any time, all Consolidated -------------------------------- Debt, plus all amounts outstanding under the Investment Agreement, the Lease and the other Operative Documents, plus an amount equal to the present value (using a discount rate of 10%) of all other operating leases of the Company and its Consolidated Subsidiaries, less any obligations of the Company and its Consolidated Subsidiaries with respect to interest rate protection agreements, foreign currency exchange agreements or other hedging arrangements (valued as the termination value thereof computed in accordance with a method approved by the International Swap Dealers Association and agreed to by such Person in the applicable hedging agreement, if any).
Consolidated Total Adjusted Debt means, at any date of determination, Consolidated Total Debt, EXCLUSIVE of any portion thereof representing the unpaid balance of trade receivables subject to the Permitted Receivables Program.
Consolidated Total Adjusted Debt means, at any date of determination, Consolidated Total Debt, exclusive of any portion thereof representing the unpaid balance of trade receivables subject to the Permitted Receivables Program.