Consolidated Total Senior Debt definition

Consolidated Total Senior Debt means, as at any date of determination, all outstanding Indebtedness of Company and its Subsidiaries other than Subordinated Indebtedness, as determined on a consolidated basis in conformity with GAAP.

Consolidated Total Senior Debt means, as applied to the Borrower for any date of determination, the sum of the Debt of the Borrower and its Subsidiaries as at such date minus the Subordinated Debt of the Borrower as at such date.

Consolidated Total Senior Debt means, at any date, and without duplication, the aggregate principal amount of (a) outstanding Loans on such date, (b) outstanding local credit facility borrowings in jurisdictions outside the United States on such date and other outstanding Indebtedness for borrowed money of Foreign Subsidiaries on such date, (c) customer advances on such date, in each case as determined for the Company and its Subsidiaries on a consolidated basis in accordance with GAAP and (d) other outstanding Indebtedness (excluding the Subordinated Indebtedness, the Existing Senior Notes 2007, and the Senior Notes) of the Company and its Subsidiaries as same would be shown on a consolidated balance sheet of the Company in accordance with GAAP on such date.

Examples of Consolidated Total Senior Debt in a sentence

• Noncompliance with the maximum Consolidated Total Senior Debt to Total Capitalization requirement set forth in Section 7.15 (c) of the Credit Agreement.

• Noncompliance with the maximum Consolidated Total Senior Debt to Total Capitalization ratio set forth in Section 7.15(d) of the Credit Agreement.

• The Company shall not permit for any period set forth below (measured as of the last day of each fiscal quarter of the Company), the ratio of (a) Consolidated Total Senior Debt (measured as of the last day of each fiscal quarter of the Company) to (b) Consolidated EBITDA to be more than the ratio corresponding to such period in the table set forth below.

• PART II WAIVER For the fiscal quarter ending on March 31, 2000, the Required Lenders hereby waive the requirement of Section 6.5 of the Credit Agreement which provides that the Borrower maintain a Consolidated Total Senior Debt to Borrowing Base Ratio of 1.20 to 1.00.

• Maintain a Consolidated Total Senior Debt to Borrowing Base Ratio, calculated on the last day of each fiscal quarter, of not more than 1.20 to 1.00.

More Definitions of Consolidated Total Senior Debt

Consolidated Total Senior Debt means, at any time, the aggregate amount of all obligations of the Group for or in respect of Borrowings but:

Consolidated Total Senior Debt means Consolidated Total Debt less any amounts outstanding under the Bridge Facility, the Bridge Exchange Notes, the Bonds or the Bond Exchange Notes.

Consolidated Total Senior Debt means, at any date, all of the Credit Obligations owing by the Company and its Subsidiaries on a Consolidated basis.

Consolidated Total Senior Debt means, at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date (excluding the Indebtedness in respect of the Senior Subordinated Notes and any other Indebtedness all obligors which are Loan Parties and that, as to each obligor thereon, is subordinated and junior in right of payment to the Secured Obligations of such obligor to the same extent as the obligations of such obligor with respect to the Senior Subordinated Notes are so subordinated and junior in right of payment, as determined by the Administrative Agent in the exercise of its reasonable discretion), all as determined on a consolidated basis in accordance with GAAP.

Consolidated Total Senior Debt means, at any time, all Indebtedness of the Parent and its Subsidiaries other than the Senior Subordinated Notes and Indebtedness which by its terms is expressly subordinated to the Obligations and all other senior obligations of the Parent and its Subsidiaries.

Consolidated Total Senior Debt means (i) Consolidated Total Debt, less (ii) the aggregate principal amount of all Subordinated Indebtedness and Pari Passu Debt of the Borrower, all as determined for the Borrower and its consolidated Subsidiaries on a consolidated basis.

Consolidated Total Senior Debt means, at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date (excluding the Indebtedness in respect of the Senior Subordinated Notes, the Senior Subordinated Discount Notes and any other Indebtedness of obligors which are Loan Parties and that, as to each obligor thereon, is subordinated and junior in right of payment to the Secured Obligations of such obligor to the same or greater extent as the obligations of such obligor with respect to the Senior Subordinated Notes are so subordinated and junior in right of payment, as determined by the Administrative Agent in the exercise of its reasonable discretion), all as determined on a consolidated basis in accordance with GAAP.