Current Maturities of Long Term Debt definition

Current Maturities of Long Term Debt means, during a period beginning and ending on designated dates, the amount of Company’s long-term debt and capitalized leases which become due during that period.

Current Maturities of Long Term Debt means all payments in respect of Long Term Debt (other than Debt under this Agreement) that are required to be made within one year from the date of determination, whether or not the obligation to make such payments would constitute a current liability of the obligor under GAAP, excluding, however, any such payment required to be made on the ultimate maturity date of such Debt.

Current Maturities of Long Term Debt means, on any date of determination, that portion of the long term Debt of Borrower and its Subsidiaries, and that portion of the Capital Lease Obligations of Borrower and its Subsidiaries.

Examples of Current Maturities of Long Term Debt in a sentence

• Exclusive charge on specific Plant and Machinery installed at Plant III, Chinnamathampalayam Coimbatore and Plant II, IMT Manesar, Gurugram.For Current Maturities of Long Term Debt Refer to Note No. 2.31.

• Total Debt = Borrowings (Non-Current and Current) + Current Maturities of Long Term Debt.

• Un-Secured Term Loans from Banks included in Current Maturities of Long Term Debt to the extent of Rs. 96,39,499/- are secured by way of Charge on personal Assets of Directors and guaranteed by the Directors.

• Secured Term Loans from Banks included in Current Maturities of Long Term Debt to the extent of : As at 31-3-2014As at 31-3-2013(a) Secured by way of Charge on the Company's Motor Vehicles.2,399,2484,193,024(b) Foreign Currency Term Loan which is secured by way of Equitable Mortgage of Land74,577,62931,613,460and Building and personal guarantee of Directors.

• Un-Secured Term Loans from Banks included in Current Maturities of Long Term Debt to the extent of Rs. 75,91,742/- are secured by way of Charge on personal Assets of Directors and guaranteed by the Directors.

More Definitions of Current Maturities of Long Term Debt

Current Maturities of Long Term Debt means, at any given time, all principal and interest payments required to be paid during the ensuing one year period from such given time on all Debt having a maturity of greater than one year.

Current Maturities of Long Term Debt means the current principal maturities of all indebtedness for borrowed money (including but not limited to amortization of capitalized lease obligations) having an original term of one year or more.

Current Maturities of Long Term Debt means, with respect to all Debt which, in accordance with GAAP, may be properly classified as long-term debt, the portion of such Debt which is due within one (1) year from the date of determination thereof.

Current Maturities of Long Term Debt means, as of any determination date, the aggregate amount of principal payments that were required to be paid during twelve (12) months ending on the determination date on indebtedness (including the principal portion of payments in respect of Capital Leases, but excluding principal payments in respect of the Revolving Loans).

Current Maturities of Long Term Debt means, in respect of any applicable Person(s) and as of any applicable date of determination thereof, that portion of the Long Term Debt of such Person(s) that should be classified as a current liability at such time in accordance with GAAP, including, without limitation, that portion of capital lease obligations of such Person(s) that would be so classified at such time per GAAP.

Current Maturities of Long Term Debt means that portion of the long term debt of the Borrower and its Subsidiaries, on a consolidated basis, and that portion of the Capitalized Lease Obligations of the Borrower and its Subsidiaries, on a consolidated basis, which will be due in the twelve (12) months immediately following any date of computation of Current Maturities of Long Term Debt in accordance with Agreement Accounting Principles, but excluding balloon payments of long term debt due at maturity, unless it is reasonably contemplated that such balloon payment will be paid.

Current Maturities of Long Term Debt means, as of any date of determination, that portion of Consolidated Funded Indebtedness that is due and payable within the twelve (12) month period immediately following the date of determination, calculated in conformity with GAAP.