Current Maturities of Long-Term Indebtedness means, in respect of a Person and as of any applicable date of determination thereof, that portion of Long Term Indebtedness that should be classified as current in accordance with GAAP.
Current Maturities of Long-Term Indebtedness means all payments in respect of Long-Term Indebtedness 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 applicable Person under GAAP, excluding, however, any such payment required to be made on the ultimate maturity date of such Indebtedness.
Current Maturities of Long-Term Indebtedness means the current maturities of long term Indebtedness of the Company and its Consolidated Subsidiaries, as determined in accordance with GAAP, but excluding all or any portion of amounts owing under the Liquidity Facility.
Examples of Current Maturities of Long-Term Indebtedness in a sentence
Debtor will maintain, as of MARCH 31, 2008, a ratio of (i) Free Cash Flow, to (ii) Current Maturities of Long-Term Indebtedness plus interest expense and rent payments for such period (“Fixed Costs”) equal to or greater than 1.25 to 1.00.
Debtor will maintain as of the end of each calendar quarter a ratio of (i) Free Cash Flow, to (ii) Current Maturities of Long-Term Indebtedness plus interest expense and rent payments for such period (“Fixed Costs”) equal to or greater than 1.50 to 1.00.
The ratio of (a) EBITDA minus the sum of cash taxes and distributions for such period to (b) Current Maturities of Long-Term Indebtedness plus Interest.
More Definitions of Current Maturities of Long-Term Indebtedness
Current Maturities of Long-Term Indebtedness means amounts becoming due during the twelve month period commencing on the date of determination of principal of Indebtedness for borrowed money other than (i) Indebtedness the original maturity date of which is less than one year from the date such Indebtedness was incurred and (ii) Indebtedness incurred under revolving credit or line of credit facilities to the extent such facilities permit reborrowing after repayment.
Current Maturities of Long-Term Indebtedness means, in respect of a Person and as of any date of determination, that portion of Long Term Indebtedness that should be classified as current in accordance with GAAP.
Current Maturities of Long-Term Indebtedness means, in respect of the Borrower and as of any applicable date of determination thereof, all Indebtedness which should be classified as “funded indebtedness” or “long term indebtedness” on a balance sheet of such Person as of such date in accordance with GAAP.
Current Maturities of Long-Term Indebtedness means, in respect of a Person and as of any applicable date of determination thereof, that portion of Long Term Indebtedness that should be classified as current in accordance with GAAP. Current Ratio shall mean, in respect of a Person and as of an applicable date of determination, the sum of all Current Assets plus the amount of all Senior Funded Debt not included therein, divided by the sum of all Current Liabilities plus the amount of all Senior Funded Debt not included therein. Debt shall mean, in respect of a Person and as of any applicable date of determination, all items of indebtedness, obligation or liability of a Person, whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, joint or several, that should be classified as liabilities in accordance with GAAP. In the case of Borrower and Haxxxx Xatural, the term “Debt” shall include, without limitation, the Indebtedness. EBITDA shall mean, in respect of a Person and as of any applicable period, such Person’s consolidated pre-tax Net Income; plus (a) the aggregate of all interest paid or accrued by such Person and its Subsidiaries including, without limitation, all interest, fees and costs payable with respect to Indebtedness and the interest portion of capitalized lease payments; paid or accrued during such period; plus (b) amortization and depreciation deducted in determining Net Income for such period; plus (c) any non-cash charge in determining Net Income for such period GAAP shall mean, as of any applicable period, generally accepted accounting principles in effect during such period. Haxxxx Xatural shall mean Haxxxx Xatural Corporation, a Delaware corporation. Loans shall mean and includes the Revolving Loans, the Letters of Credit and all other loans and advances of any kind made by Bank to Borrower pursuant to the Agreement and the Notes.
Current Maturities of Long-Term Indebtedness 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 (including Subordinated Debt) having a maturity of greater than one year.
Current Maturities of Long-Term Indebtedness means, in respect of a Person and as of any applicable date of determination thereof, that portion of Long Term Indebtedness that should be classified as current in accordance with GAAP. Current Ratio shall mean, as of an applicable date of determination, Current Assets divided by Current Liabilities. Debt shall mean, as of any applicable date of determination, all items of Indebtedness, obligation or liability of a Person, whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, joint or several, that should be classified as liabilities in accordance with GAAP. In the case of Borrower, the term “Debt” shall include, without limitation, the Indebtedness. Equipment Note shall mean that certain promissory note dated as of even date in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000) entered into by Borrower in favor of Bank and any extensions, supplements, amendments or modifications thereto. GAAP shall mean, as of any applicable period, generally accepted accounting principles in effect during such period. Liquid Assets shall mean and includes, in respect of a Person and as of any applicable date of determination, all unrestricted cash, unrestricted marketable securities, FDIC insured certificates of deposit, and United States government securities of such Person. Loans shall mean and includes the Revolving Loans, the Letters of Credit, the Equipment Loans, and all other loans and advances of any kind made by Bank to Borrower pursuant to the Agreement and the Notes.
Current Maturities of Long-Term Indebtedness means, for any period, for the Borrower and its Subsidiaries, on a Consolidated basis, the scheduled principal payments during such period in respect of Indebtedness having a final maturity date of more than one (1) year (excluding Indebtedness under this Agreement). “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Default Rate” means (a) with respect to any Obligation for which a rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a rate is not specified or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by Applicable Law. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such ...