Financial Covenant Indebtedness definition

Financial Covenant Indebtedness means, as of any date, (a) the aggregate principal amount of Indebtedness of the Borrower and its consolidated Restricted Subsidiaries outstanding as of such date, in the amount and only to the extent that such Indebtedness would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP and only to the extent secured by Liens on all or any portion of the assets of the Borrower or any of its Restricted Subsidiaries on such date, other than any such Indebtedness secured by Liens on assets solely consisting of Collateral so long as (i) the Liens securing such Indebtedness are junior to the Liens securing the Revolving Credit Facility and (ii) any Guarantee by a Guarantor of the obligations of the Borrower in respect of such Indebtedness is subordinate in right of payment to the Guarantee by such Guarantor of the obligations of the Borrower in respect of the Revolving Credit Facility; provided that notwithstanding anything to the contrary in this Agreement, the Financial Covenant Indebtedness shall exclude (i) any Cash Management Obligations and (ii) any obligations in respect of workers’ compensation claims, early retirement or termination obligations, pension fund obligations or contributions or similar claims, obligations or contributions or social security or wage Taxes.
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Financial Covenant Indebtedness shall have the meaning assigned to such term in Exhibit F hereto.
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Financial Covenant Indebtedness means, with respect to the Borrower or any of its Subsidiaries, without duplication:
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More Definitions of Financial Covenant Indebtedness

Financial Covenant Indebtedness collectively, the Term A Facility and the RC Facility.
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Financial Covenant Indebtedness of any Person means Indebtedness of the type specified in clauses (a), (b), (c), (d) and (e) and (h) of the definition of "Indebtedness" and non-contingent obligations of the type specified in clause (f) of such definition, and all Guarantee Obligations with respect to any such Indebtedness.
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Related to Financial Covenant Indebtedness

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Net Indebtedness means, as of any date, (i) the amount of outstanding Indebtedness of the Company and its consolidated subsidiaries as of such date, minus (ii) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries as of such date minus (iii) loans by the Company and its consolidated subsidiaries to its Partners or Affiliates thereof as of such date.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Financing Lease Obligation means 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.