Consolidated Unsecured Debt definition

Consolidated Unsecured Debt means, at any time, the portion of Consolidated Total Indebtedness that is not Consolidated Secured Debt.

Consolidated Unsecured Debt means as of any date of determination, the aggregate principal amount of all Unsecured Debt of the Obligors and their respective Subsidiaries for borrowed money or in respect of reimbursement obligations for letters of credit, guaranty obligations or Capitalized Leases, whether direct or contingent, which is outstanding at such date, including, without limitation, the aggregate principal amount of all obligations under the Bank Credit Agreement, determined on a consolidated basis in accordance with GAAP, without regard to Recourse.

Consolidated Unsecured Debt with respect to a Person as of a given date, all Consolidated Total Debt of such Person that is not Consolidated Secured Debt of such Person; provided that, any Recourse Indebtedness that is secured only by a pledge of Capital Stock shall be deemed to be Consolidated Unsecured Debt.

Examples of Consolidated Unsecured Debt in a sentence

• The Borrower shall cause the Consolidated Unsecured Debt Yield, as of the end of any fiscal quarter, to be equal to or greater than 12.5%.

• The Borrower shall cause the Consolidated Unsecured Debt Yield, as of the end of any fiscal quarter, to be equal to or greater than 12.0%.

• Permit Consolidated Unsecured Debt at any time to exceed 60% of Unencumbered Asset Value; provided, that such maximum ratio may exceed 60% during, or as of the end of, any fiscal quarter in which a Material Acquisition occurs and the consecutive two fiscal quarters immediately thereafter, but in no event shall such ratio exceed 65% at any time or exceed 60% for more than three consecutive fiscal quarters in any consecutive four fiscal quarter period.

• Schedule 6.1.(g) is, as of the Agreement Date, a complete and correct listing of all Debt of the Borrower and its Subsidiaries, including without limitation, Guarantees of the Borrower and its Subsidiaries, and indicating whether such Debt is Consolidated Secured Debt or Consolidated Unsecured Debt.

• The ratio of (i) Gross Asset Value of the Unencumbered Pool to (ii) Consolidated Unsecured Debt, to be less than 1.50 to 1.00 at the end of any fiscal quarter.

More Definitions of Consolidated Unsecured Debt

Consolidated Unsecured Debt means all unsecured Debt of the Borrower and its Subsidiaries.

Consolidated Unsecured Debt means, for the Consolidated Group on a --------------------------- consolidated basis, all unsecured Consolidated Funded Debt.

Consolidated Unsecured Debt means, at any time, the portion of Consolidated Total Indebtedness that is not Consolidated Secured Debt. “Consolidated Unsecured Leverage Ratio” means, on the last day of any fiscal quarter, the ratio of (i) Consolidated Unsecured Debt outstanding on such

Consolidated Unsecured Debt means, as of any date of determination, with respect to the Borrower and the Subsidiary Guarantors as of such date, determined on a consolidated basis in accordance with GAAP, all Funded Debt, but only to the extent such Indebtedness is not secured directly or indirectly by any Lien upon or with respect to any assets, whether now owned or hereafter acquired, that would, in accordance with GAAP, be classified as assets on a consolidated balance sheet of the Borrower and its Subsidiaries as of such date (but in all events including the Obligations and the Medium Term Notes).

Consolidated Unsecured Debt means, at any particular time, the portion of Consolidated Total Borrowings not secured by any security interest over any asset of the Group;

Consolidated Unsecured Debt at any date, an amount equal to (i) the aggregate outstanding face amount of all Unsecured Indebtedness of the Group Members, determined on a consolidated basis in accordance with GAAP at such date and (ii) the Group Members’ pro rata share of the Unsecured Indebtedness of its Unconsolidated Joint Ventures at such date.

Consolidated Unsecured Debt means the Consolidated Total Debt which is not secured by any of the assets of the Issuer or any of its subsidiaries; and