Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.
Financial Covenant Debt of any Person means, without duplication, Indebtedness of the type specified in clauses (a), (b), (c), (d), (e), (f), (g) and (h) of the definition of “Indebtedness”. For the avoidance of doubt, the term “Financial Covenant Debt” shall not include (a) reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees and (b) Indebtedness of the Borrower or any Subsidiary of the Borrower that is owed to the Borrower or any Subsidiary of the Borrower.
Financial Covenant Debt with respect to any Person, without duplication, Indebtedness of the type specified in clauses (a) through (f) of the definition of “Indebtedness” plus, without duplication, any Guaranty Obligations in respect thereof; provided, however, that Indebtedness of the type specified in clause (d) of the definition thereof shall only be included on the date Indebtedness of such Person is being determined to the extent such Indebtedness identified in such clause constitutes a non-contingent reimbursement obligation owing at such time and clause (e) of the definition thereof shall not include payments required upon any early termination on the date Indebtedness of such Person is being determined if no such early termination has occurred.
Examples of Financial Covenant Debt in a sentence
Mr Jones, the former Ramsar Database officer, explained that from 1971 to 1989 all that was required for site designation was the name of the site and a map.
Financial Covenant Debt denominated in any currency other than U.S. Dollars shall be calculated using the U.S. Dollar Equivalent thereof as of the date of the Financial Statements on which such Financial Covenant Debt is reflected.
The ratio of (a) Financial Covenant Debt to (b) Consolidated EBITDA is to 1.0 (insert ratio from Item 1(c), below) as of the Report Date, which is not more than the permitted ratio of 3.5 to 1.0.
The Administrative Agent shall have determined, in it sole discretion, (a) that aggregate Availability under the Credit Facilities will be greater than $50,000,000 after giving effect to the initial Loans and Letters of Credit hereunder, and (b) that the Financial Covenant Debt of NMHG Holding and its Subsidiaries as of the Closing Date does not exceed $380,000,000.
Permit the ratio of Consolidated Total Indebtedness (excluding Excluded Financial Covenant Debt, and it being understood that “Consolidated Total Indebtedness” does not include pension liabilities) to Total Capital (excluding the Net Worth of Unrestricted Subsidiaries) to be greater than (x) 0.675:1.00 from the Closing Date until and including the date that is 9 months following the Closing Date and (y) 0.65:1.00, thereafter.
More Definitions of Financial Covenant Debt
Financial Covenant Debt shall not include (a) reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees and (b) Indebtedness of the Borrower or any Subsidiary of the Borrower that is owed to the Borrower or any Subsidiary of the Borrower.
Financial Covenant Debt of any Person means, without duplication, Indebtedness of the type specified in clauses (a), (b), (c), (d), (e), (f), (g) and (h) of the definition of “Indebtedness,” provided that Indebtedness extended under the Term Loan Facility of the type set forth in clause (a) shall be excluded from the calculation of Financial Covenant Debt. For the avoidance of doubt, the term “Financial Covenant Debt” shall not include (a) reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees and (b) Indebtedness of the Borrower or any Subsidiary of the Borrower that is owed to the Borrower or any Subsidiary of the Borrower.
Financial Covenant Debt means, with respect to the Company and its Material Subsidiaries at any time and as determined in accordance with GAAP without duplication, an amount equal to the aggregate of:
Financial Covenant Debt means, as of any date of determination, the aggregate amount of the Indebtedness of the Borrower and its Subsidiaries of the type specified, without duplication, in (i) clauses (a), (b), (d), (e), (f), and (h) of the definition of “Indebtedness”, (ii) clause (g) of such definition to the extent relating to Indebtedness for borrowed money or if such Guaranty Obligations are then due and payable, (iii) non-contingent obligations of the type specified in clause (c) of such definition and (iv) obligations of the type specified in clauses (i) and (j) of such definition to the extent such obligations constitute balance sheet indebtedness under GAAP (but excluding Indebtedness resulting solely from xxxx-to-market accounting required for obligations under Hedging Contracts or under any notes permitted pursuant to clause (j) of Section 8.1 (Indebtedness)).
Financial Covenant Debt of any Person means Indebtedness of the type specified in CLAUSES (A), (B), (D), (E), (F) and (H) of the definition of "INDEBTEDNESS".
Financial Covenant Debt means, with respect to NMHG Holding and its Subsidiaries, at any time, without duplication, (a) all indebtedness, obligations or other liabilities of such Persons (i) for borrowed money or evidenced by debt securities, debentures, acceptances, notes or other similar instruments, (ii) in respect of obligations (A) to redeem, repurchase or exchange for cash any Securities of any such Person or (B) to pay cash dividends (or equivalent cash distributions) in respect of any Capital Stock (but only to the extent such dividends have been declared), (iii) to pay the deferred purchase price of property or services, except accounts payable and accrued expenses arising in the ordinary course of business, (iv) in respect of the principal component of Capital Lease Obligations, (v) which are Accommodation Obligations required by GAAP to be classified as debt, or (vi) under conditional sale or other title retention agreements relating to property purchased by any such Person; (b) all indebtedness, obligations or other liabilities of such Persons or others secured by a Lien on any property of any such Person, whether or not such indebtedness, obligations or liabilities are assumed by any such Person, all as of such time; (c) all preferred stock subject (upon the occurrence of any contingency or otherwise) to mandatory redemption; and (d) to the extent required by GAAP to be classified as debt, all contingent Contractual Obligations.
Financial Covenant Debt means, with respect to NMHG Holding and its Subsidiaries, at any time, without duplication, (a) all indebtedness, obligations or other liabilities of such Persons (i) for borrowed money or evidenced by debt securities, debentures, acceptances, notes or other similar instruments, (ii) in respect of obligations to redeem, repurchase or exchange for cash any Securities of any such Person, (iii) to pay the deferred purchase price of property or services, except accounts payable and accrued expenses arising in the ordinary course of business, (iv) in respect of the principal component of Capital Lease Obligations, (v) which are Accommodation Obligations required by GAAP to be classified as debt, or (vi) under conditional sale or other title retention agreements relating to property purchased by any such Person; (b) all indebtedness, obligations or other liabilities of such Persons or others secured by a Lien on any property of any such Person, whether or not such indebtedness, obligations or liabilities are assumed by any such Person, all as of such time; (c) all preferred stock subject (upon the occurrence of any contingency or otherwise) to mandatory redemption; and (d) to the extent required by GAAP to be classified as debt, all contingent Contractual Obligations.