Funded Liabilities definition

Funded Liabilities shall have the meaning set forth in Section 2.3(a).
Funded Liabilities means, without duplication:
Funded Liabilities means all Indebtedness for money borrowed, Indebtedness evidenced or secured by purchase money liens, Capital Lease Obligations, conditional sales contracts and similar title retention debt instruments, (regardless of when such Indebtedness matures). The calculation of Funded Debt shall include (without duplication) (i) all Funded Debt of the Company and its Subsidiaries, (ii) all Funded Debt of other Persons, other than Subsidiaries, which has been guaranteed by the Company or one of its Subsidiaries, which is supported by a letter of credit issued for the account of the Company or one of its Subsidiaries, or as to which and to the extent the Company or one of its Subsidiaries, or its assets have otherwise become liable for payment thereof, (iii) all Indebtedness for money borrowed by the Company pursuant to lines of credit or revolving credit facilities (regardless of the term thereof), and (iv) all Subordinated Debt.

Examples of Funded Liabilities in a sentence

  • Funded Liabilities Assumptions: The latest actuarial valuation of the Devon County Council Pension Fund took place on 31st March 2007.

  • On the date of the Initial Advance, the Borrowers and their Subsidiaries have no outstanding Funded Liabilities or Current Liabilities, except as reflected in the fiscal year end financial statements of the Borrowers and their Subsidiaries referred to in Section 3.04 hereof and changes in the ordinary course of business and matters that have been disclosed to the Bank.

  • Maximum Funded Liabilities to Tangible Net Worth 17 SECTION 6.05.

  • On the Initial Closing Date, the Company shall have Estimated Funded Liabilities of no less than One Hundred Ten Million Dollars ($110,000,000) and no more than One Hundred Thirty Million Dollars ($130,000,000).

  • Liabilities Covered by Budgetary Resources (Funded): Liabilities are considered covered by budgetary resources if they are to be funded by permanent indefinite appropriations, which have been enacted and signed into law as of the balance sheet date provided that the resources may be apportioned by OMB without further action by the Congress and without a contingency having to be met.

  • The Funded Liabilities as of the close of business on April 30, 2000 (the "Estimated Funded Liabilities") shall be calculated by the Company and a copy of the calculation thereof (the "Funded Liabilities Statement") shall be delivered by the Shareholder Representative to the Purchaser on or before the Closing Date.

  • On the Subsequent Closing Date, the Company shall have Estimated Funded Liabilities of no less than One Hundred Ten Million Dollars ($110,000,000) and no more than One Hundred Thirty Million Dollars ($130,000,000).

  • Assets and Liabilities in Relation to Post Employment Benefits Reconciliation of present value of the scheme liabilities (defined benefit obligation): Funded Liabilities: Local Unfunded Liabilities:Government Pension Scheme Discretionary Benefits 2010/112011/12 2010/112011/12£000£000 With effect from 1 April 2011, increases to local government pensions in payment and deferred pensions were linked to annual increases in the Consumer Prices Index (CPI), rather than the Retail Prices Index (RPI).

  • The following transactions have been made in the Comprehensive Income and Expenditure Statement during the year: Funded Liabilities as atUnfunded Liabilities as at31 March 31 March 31 March 31 March2018 2019 2018 2019£m £m £m £mCharges to Comprehensive Income and Expenditure StatementCurrent Service Cost 12.7914.01--Past service cost (incl.

  • Accrued Environmental Restoration (Defense Environmental Restoration Program (DERP) Funded)) Liabilities.


More Definitions of Funded Liabilities

Funded Liabilities means, at any date of determination, all Indebtedness of any Person that has an original maturity date in excess of one year.
Funded Liabilities or “Funded Debt” shall mean and includes without duplication:
Funded Liabilities. STATEMENT shall have the meaning given to it in Section 2.10(C). GAAP shall mean generally accepted accounting principles as in effect from time to time in the United States of America. GOVERNMENTAL AUTHORIZATIONS shall mean, with regard to any Person, all approvals, concessions, consents, franchises, licenses, permits, plans, registrations and other authorizations of all Authorities that are material to such Person. GOVERNMENTAL ENTITY shall mean any federal, state or local governmental agency, board or authority. GOVERNMENTAL FILINGS shall mean all filings, including franchise and similar Tax filings, and the payment of all fees, assessments, interest and penalties associated with such filings, with all Authorities. GRIFFITHS shall have the meaning set forth in the preamble to this Agrxxxxxx.
Funded Liabilities means interest bearing debt ----------------------------------- including, without limitation and duplication:

Related to Funded Liabilities

  • Unfunded Liabilities means the amount (if any) by which the present value of all vested nonforfeitable benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • Unfunded Vested Liabilities means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • non-current liabilities means all liabilities other than current liabilities

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Covered Liabilities as defined in Subsection 11.23.

  • Tax Liabilities means all liabilities for Taxes.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Stated Liabilities means the recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Transferred Liabilities has the meaning ascribed to such term in the Separation Agreement.

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.