Existing Capital Leases definition

Existing Capital Leases means the capital leases described on Schedule I hereto.
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Existing Capital Leases means the Capital Leases listed on Schedule 1.1(b) entered into by Stanadyne Corporation or a Subsidiary thereof as indicated thereon prior to the date hereof.
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Existing Capital Leases means the Capital Leases listed on Schedule 1.1(c) entered into by Xxxxxxx or a Subsidiary thereof as indicated thereon prior to the date hereof in an amount not to exceed $500,000.
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Examples of Existing Capital Leases in a sentence

  • Existing Capital Leases Schedule 3.4 .....- Material Litigation Schedule 3.15 .....- Subsidiaries Schedule 3.16 .....- Employee Benefit Plans LOAN AGREEMENT PREAMBLE.

  • The Seller shall have made any necessary payments on the Existing Bank Debt so that the total amount of the Existing Bank Debt and the Existing Capital Leases does not exceed $4,787,000 as of the Closing.

  • Total Debt of all Subsidiaries (excluding (i) Debt in connection with the Existing Capital Leases and (ii) Debt of a Subsidiary to the Borrower or to a wholly owned Subsidiary) will not, on the date of incurrence of any portion of such Debt, exceed 10% of Consolidated Tangible Net Worth at such date.


More Definitions of Existing Capital Leases

Existing Capital Leases means Capital Lease Obligations outstanding on the Closing Date in an amount not to exceed U.S.$39,000,000.
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Existing Capital Leases means Capital Lease Obligations outstanding on the Issue Date in an amount not to exceed U.S.$39,000,000.
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Existing Capital Leases means the Capital Leases listed on Schedule 1.1(b) entered into by American Achievement or a Subsidiary thereof as indicated thereon prior to the date hereof in an amount not to exceed $4,900,000.
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Existing Capital Leases the Capital Lease Obligations of the Borrower and its Subsidiaries existing on the Closing Date, in an aggregate principal amount not to exceed $500,000.
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Existing Capital Leases means the lease obligations of the Company Group on the date hereof that are identified as capital leases on Schedule 4.9.
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Existing Capital Leases means (i) that certain Master Lease Agreement by and between General Electric Capital Corporation, successor-in-interest to TransAmerica Equipment Financial Services Corporation, Aiken, successor-in-interest to Advanced Glassfiber Yarns, LLC and to AGY Capital Corp., and Parent Borrower, as guarantor, dated June 26, 2001 as modified by Schedule No. 004 thereto dated April 2, 2004, and (ii) that certain Amendment to Master Lease Agreement (dated June 23, 2000) by and between General Electric Capital Corporation, successor-in-interest to TransAmerica Equipment Financial Services Corporation and Aiken, successor-in-interest to Advanced Glassfiber Yarns, LLC and to AGY Capital Corp., effective July 1, 2004.
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Related to Existing Capital Leases

  • Capital Leases means, as applied to any Person, any lease of (or any agreement conveying the right to use) any property (whether real, personal or mixed) by such Person as lessee which in accordance with GAAP, is required to be reflected as a liability on the balance sheet of such Person.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Permitted Existing Indebtedness means the Indebtedness of the Company and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Capital Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person.

  • Permitted Prior Working Capital Lien means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior facility is not greater than 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Advisor (so long as it has the necessary delegated authority) or the Borrower’s board of directors (or the appropriate committee thereof with the necessary delegated authority) in a commercially reasonable manner, including the use of an Approved Third-Party Appraiser in the case of Unquoted Investments).

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Finance Lease Obligations of any Person means the obligations of such person under any lease that meets the criteria of a finance lease (as defined by ASC 842) and would be capitalized on a balance sheet of such person prepared in accordance with GAAP, and the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.