Consolidated Total Financing Debt definition

Consolidated Total Financing Debt means, on any date, on a consolidated basis determined in accordance with GAAP and Section 7.10 for the Borrower and its Subsidiaries (a) the sum of (i) indebtedness for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as Indebtedness) or similar instruments, (ii) indebtedness for the deferred purchase price of assets (other than the normal trade accounts payable), and (iii) indebtedness in respect of mandatory redemption or dividend rights related to an Equity Interest, but (b) excluding (i) any liabilities of a CLO, provided such liabilities are Non-Recourse Indebtedness, and (ii) Non-Recourse Real Estate Indebtedness of the Borrower and its Subsidiaries.
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Consolidated Total Financing Debt means, on any date, on a consolidated basis determined in accordance with GAAP and Section 7.10 for the Borrower and its Subsidiaries (a) the sum of (i) principal amount of indebtedness for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as Indebtedness) or similar instruments, (ii) indebtedness for the deferred purchase price of assets (other than the normal trade accounts payable), and (iii) indebtedness in respect of mandatory redemption or dividend rights related to an Equity Interest, but (b) excluding (i) any liabilities of a CLO, provided such liabilities are Non-Recourse Indebtedness, and (ii) Non-Recourse Real Estate Indebtedness of the Borrower and its Subsidiaries.
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Consolidated Total Financing Debt means, on any date, the aggregate amount of all Consolidated Financing Debt, including in any event any capital stock (or other shares of beneficial interest) which constitutes Consolidated Financing Debt, all determined in accordance with GAAP, but excluding Indebtedness in respect of (a) the Capital Trust Securities permitted by Section 7.13 (including the Subordinated Debentures) and (b) any collateralized debt obligation fund managed by the Borrower which is listed on Schedule 1.01 and which Indebtedness in this clause (b) is carried as "Long Term Debt - Variable Interest Entities" on the Borrower's balance sheet from time to time in accordance with GAAP.
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Examples of Consolidated Total Financing Debt in a sentence

  • The Borrower shall not permit the ratio of Consolidated Total Financing Debt to Total Capitalization to exceed 0.350 to 1.00 on the last day of any fiscal quarter during the term of this Agreement.

  • As of the Closing Date, 100% of the outstanding Hybrid Securities are treated as equity by S&P, accordingly, 100% of the outstanding Hybrid Securities would be included in calculating Consolidated Net Worth and 100% of the related Indebtedness under the Subordinated Debentures would be excluded in calculating Consolidated Total Financing Debt.

  • AFG shall not permit the ratio of AFG Consolidated Total Financing Debt to AFG Total Capitalization to exceed 0.375 to 1.00 on the last day of any fiscal quarter during the term of this Agreement.

  • The Borrower shall not permit the ratio of AFG Consolidated Total Financing Debt to AFG Total Capitalization to exceed 0.375 to 1.00 on the last day of any fiscal quarter during the term of this Agreement.

  • The Borrower shall not permit the ratio of Consolidated Total Financing Debt of the Borrower to Total Capitalization of the Borrower to exceed 0.375 to 1.00 on the last day of any fiscal quarter during the term of this Agreement.

  • As of the First Amendment Date, 100% of the outstanding Hybrid Securities are treated as equity by S&P, accordingly, 100% of the outstanding Hybrid Securities would be included in calculating AFG Consolidated Net Worth and 100% of the related Indebtedness under the Subordinated Debentures would be excluded in calculating AFG Consolidated Total Financing Debt.

  • The Borrower shall not permit the ratio of (i) Consolidated Total Financing Debt plus the aggregate outstanding principal amount of all Hybrid Instruments of the Borrower and its Subsidiaries in excess of the Hybrid Instrument Amount to (ii) Total Capitalization to exceed 0.350 to 1.00 on the last day of any fiscal quarter during the term of this Agreement.

  • As of the Closing Date, 100% of the outstanding Hybrid Securities are treated as equity by S&P, accordingly, 100% of the outstanding Hybrid Securities would be included in calculating Consolidated Net Worth and 100% of the related Indebtedness under the subordinated debentures would be excluded in calculating Consolidated Total Financing Debt.


More Definitions of Consolidated Total Financing Debt

Consolidated Total Financing Debt means, at any date, the Financing Debt of the Company and its Majority-Owned Subsidiaries outstanding on and as of such date, determined on a Consolidated basis.
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Consolidated Total Financing Debt means, on any date, on a consolidated basis determined in accordance with GAAP for the Borrower and its Subsidiaries (a) the sum of (i) principal amount of indebtedness for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as Indebtedness) or similar instruments, (ii) indebtedness for the deferred purchase price of assets (other than the normal trade accounts payable), and (iii) indebtedness in respect of mandatory redemption or dividend rights related to an Equity Interest, but
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Consolidated Total Financing Debt means, on any date, on a consolidated basis determined in accordance with GAAP and Section 7.10 for the Borrower and its Subsidiaries (a) the sum of (i) indebtedness for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as Indebtedness) or similar instruments, (ii) indebtedness for the deferred purchase price of assets (other than the normal trade accounts payable), and (iii) indebtedness in respect of mandatory redemption or dividend rights related to an Equity Interest, but (b) excluding (i) any liabilities of a CLO, provided (x) such liabilities are Non-Recourse Indebtedness and (y) the equity interests in such CLO, together with the equity interests in all CLOs for which liabilities are excluded from this calculation of Consolidated Total Financing Debt, do not exceed $100,000,000 in aggregate amount, and (ii) Non-Recourse Real Estate Indebtedness of the Borrower and its Subsidiaries.
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Related to Consolidated Total Financing Debt

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Net Indebtedness means, on any date, the excess of (i) Consolidated Total Indebtedness over (ii) the lesser of (x) $500,000,000 and (y) the aggregate amount of unrestricted cash and cash equivalents of the Company and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP as of such date.