Funded Liabilities definition

Funded Liabilities shall have the meaning set forth in Section 2.3(a).
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Funded Liabilities means, without duplication:
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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.
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Examples of Funded Liabilities in a sentence

  • On the date of this Agreement, the Borrower ---------------- has no outstanding Funded Liabilities except as reflected in the financial statements furnished to the Bank pursuant hereto.

  • 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).

  • If requested by the Buyer, the Seller shall use its best efforts to include in such financial statements information on monthly production volume in dollars and units and on the Seller’s servicing portfolio (if applicable), and further, shall detail any additional Funded Liabilities incurred by the Seller during the reporting period.

  • If the amount of Estimated Funded Liabilities as calculated pursuant to this Section 2.10 is less than One Hundred Eighteen Million Seven Hundred Thousand Dollars ($118,700,000), then the difference shall be the "Estimated Funded Liabilities Shortfall").

  • The Borrower shall maintain a ratio of total Funded Liabilities to Tangible Net Worth of not more than .75 to 1.0.

  • If the amount of Estimated Funded Liabilities as calculated pursuant to this Section 2.10 is greater than One Hundred Eighteen Million Seven Hundred Thousand Dollars ($118,700,000), then the difference shall be the "Estimated Funded Liabilities Excess").

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

  • Maximum Funded Liabilities to Consolidated EBITDA Ratio 17 SECTION 6.06.

  • 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.

  • Promptly, upon creating, incurring, assuming, suffering to exist or otherwise becoming liable in respect of, or permitting any of its Subsidiaries to create, incur, assume, suffer to exist or otherwise become liable in respect of, any Funded Liabilities in an aggregate principal amount exceeding $500,000.00, notice thereof, together with copies of the evidence of such indebtedness and related documents.


More Definitions of Funded Liabilities

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.
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Funded Liabilities means and include, without duplication: ------------------
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Funded Liabilities or “Funded Debt” shall mean and includes without duplication:
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Funded Liabilities means interest bearing debt ----------------------------------- including, without limitation and duplication:
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Funded Liabilities means, at any date of determination, all Indebtedness of any Person that has an original maturity date in excess of one year.
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Related to Funded Liabilities

  • Unfunded Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), 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 ERISA Group to the PBGC or any other Person under Title IV of ERISA.

  • 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, with respect to any Plan at any time, the amount (if any) by which (i) the present value of all vested nonforfeitable accrued benefits under such Plan 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, 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 with respect to any Pension Plan, at any date of determination, the amount determined by taking the accumulated benefit obligation, as disclosed in accordance with Statement of Accounting Standards No. 87, "Employers' Accounting for Pensions", over the fair market value of Pension Plan assets.

  • Unfunded Benefit Liabilities means, with respect to any ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • 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 the sum of (i) all liabilities that, in accordance with GAAP, should be classified as liabilities on a consolidated balance sheet of Borrower and its Consolidated Subsidiaries and the Guarantors, and (ii) to the extent not included in clause (i) of this definition, all Redeemable Preferred Stock.

  • 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 11.21.

  • 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, without limitation, 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 set forth in Section 2.02(a).

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