Consolidated Total Secured Debt means, as of any date of determination, all Secured Debt of the Borrower and its Subsidiaries determined on a consolidated basis and which shall include (without duplication) such Person’s Equity Percentage of the Secured Debt of its Unconsolidated Affiliates and Subsidiaries of the Borrower that are not Wholly Owned Subsidiaries.
Consolidated Total Secured Debt means all Consolidated Total Debt secured by a Lien on property or assets of Holdings or a Restricted Subsidiary.
Consolidated Total Secured Debt means, as of any date of determination, all the aggregate stated balance sheet amount of all Indebtedness of Holdings and its Subsidiaries (or, if higher, the par value or stated face amount of all such Indebtedness (other than zero coupon Indebtedness), determined on a consolidated basis in accordance with GAAP which is secured by a Lien on the assets of Holdings or any Subsidiary thereof (calculated, without duplication, net of up to $25,000,000 in Cash or Cash Equivalents included in the consolidated balance sheet of Holdings and its Subsidiaries and subject to a Deposit Account Control Agreement or Securities Account Control Agreement, as applicable).
Examples of Consolidated Total Secured Debt in a sentence
The Borrower will not at any time prior to the Investment Grade Release Date permit the ratio of Consolidated Total Secured Debt that is Recourse Indebtedness to Gross Asset Value (expressed as a percentage) to exceed ten percent (10.0%).
Borrower will not permit the ratio of Consolidated Total Secured Debt that is Recourse Indebtedness to Gross Asset Value (expressed as a percentage) to exceed ten percent (10.00%) as of the last day of each fiscal quarter prior to the Investment Grade Release Date.
More Definitions of Consolidated Total Secured Debt
Consolidated Total Secured Debt means Consolidated Total Debt as of such date secured by a Lien on the Collateral.
Consolidated Total Secured Debt means, as of any date, the aggregate principal amount of Consolidated Total Debt of the Borrower and the Subsidiaries outstanding as of such date that is secured by Liens on any property or assets of the Borrower or the Subsidiaries.
Consolidated Total Secured Debt means, as of any date of determination, all long and short term Indebtedness of the Company and its Subsidiaries that is on such date secured by a Lien on assets of a Loan Party.
Consolidated Total Secured Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Company and the Restricted Subsidiaries outstanding on such date that is secured by Liens on any property or assets of Holdings, the Company or any of the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transaction or any Permitted Acquisition), consisting of Indebtedness for borrowed money, obligations in respect of Capitalized Leases and debt obligations evidenced by promissory notes or similar instruments.
Consolidated Total Secured Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of Holdings, the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with any Permitted Acquisition), consisting of Indebtedness for borrowed money and debt obligations evidenced by promissory notes or similar instruments that, in each case as of such date, is outstanding under the Loan Documents or is secured by a Lien on all or any portion of the Collateral.
Consolidated Total Secured Debt means the portion of Consolidated Total Debt secured by any security interest over any asset of the Group; and
Consolidated Total Secured Debt means, at any date, the aggregate amount of Consolidated Total Debt at such date that is then secured by Liens on property or assets of Lux 1 or any of its Subsidiaries.