Current Maturities definition

Current Maturities means the scheduled payments of principal on all indebtedness for borrowed money having an original term of more than one year (including but not limited to amortization of capitalized lease obligations), as shown on the Borrower’s Financial Statements as of one year prior to the date of determination.

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Current Maturities means, with respect to any Person, the principal portion payable by such Person on Long Term Debt during the twelve-month period immediately succeeding the date of determination.

Current Maturities means the scheduled payments of principal on all indebtedness for borrowed money having an original term of more than one year (including but not limited to amortization of capital or finance lease obligations), as shown on the Borrower’s Financial Statements as of one year prior to the date of determination.

Examples of Current Maturities in a sentence

Current Maturities of debt (excluding revolving facilities and balloon payments).
If the obligor’s financial information does not itemize Current Maturities, then the Company’s credit officers will use their best efforts to determine an estimate of Current Maturities.
Debt Service Coverage is defined as EBITDA divided by Current Maturities of Long Term Debt plus Interest Expense.
The Borrower shall maintain, as of the end of each fiscal quarter of the Borrower, on a rolling four quarter basis, a ratio of (i) Earnings Before Interest, Taxes, Depreciation and Amortization minus unfinanced Capital Expenditures minus all taxes paid during such period minus all dividends paid during such period, to (ii) Current Maturities of Long-Term Debt plus Interest Expense of not less than 1.15:1.00.
The Borrower will not permit its ratio of (i) EBITDA to (ii) the sum of Current Maturities plus interest expense plus cash taxes paid plus Distributions plus Capital Expenditures made from funds other than borrowed funds, on a consolidated basis for the Obligors, to be less than 1.75 to 1.00, on a rolling four quarter basis, at any time.

More Definitions of Current Maturities

Current Maturities means, as of any date with respect to the Long Term Debt or the Capitalized Lease Obligations of any Person, any portion of such Long Term Debt or Capitalized Lease Obligations, as the case may be, which would in accordance with GAAP be classified as a current liability of such Person.

Current Maturities means as to any Person, at any date, the current maturities of Funded Debt determined in accordance with GAAP.

Current Maturities means principal maturing or coming due on Indebtedness during the next succeeding period of twelve (12) calendar months or any portion of Indebtedness that would in accordance with GAAP be classified as a current liability of such Person.

Current Maturities means, on any day on which Current Maturities are calculated, the sum of (a) scheduled principal payments on Funded Indebtedness which are payable within one (1) year after such day plus (b) the principal component of payments required to be made with respect to Capital Lease Obligations within one (1) year of said date plus (c), to the extent not included above, all items which in accordance with GAAP would be classified as current maturities of long term debt.

Current Maturities means, with respect to any Person, on any date of calculation, the current liabilities of such Person attributable to its long term indebtedness, determined in accordance with GAAP.

Current Maturities means Indebtedness due within one year.

Current Maturities means with respect to any item of Indebtedness, the portion of such Indebtedness which by the terms of such Indebtedness or the terms of any instrument or agreement related thereto was due and payable during the relevant Test Period, whether such payment is required by a demand which may be made during such Test Period, regularly scheduled principal payments, mandatory prepayment, sinking fund requirements or final payment at maturity.