GAAP Indebtedness definition

GAAP Indebtedness means debt for borrowed money which is or is required to be reflected as a liability on the balance sheet of the respective obligor in accordance with GAAP.
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GAAP Indebtedness of any Person at a particular date means the sum (without duplication) at such date of (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services or which is evidenced by a note, bond, debenture, or similar instrument, and (b) all obligations of such Person under any lease required by GAAP to be capitalized on the balance sheet of such Person.
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GAAP Indebtedness of any Person at a particular date mean the sum (without duplication) at such date of (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services or which is evidenced by a note, bond, debenture, or similar instrument, and (b) all obligations of such Person under any lease required by GAAP to be capitalized on the balance sheet of such Person.
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Examples of GAAP Indebtedness in a sentence

  • At all times, the ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Seller’s Consolidated Tangible Net Worth shall not be more than 8.0 to 1.0.

  • At all times, the ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Seller’s Consolidated Tangible Net Worth shall not be more than 10.0 to 1.0.

  • The Company has no indebtedness outstanding other than the GAAP Indebtedness and Contingent Indebtedness permitted by Section 6.02.

  • None of such proceeds shall be used for the purpose of purchasing or carrying any "margin stock" as defined in Regulation U, or for the purpose of reducing or retiring any GAAP Indebtedness and Contingent Indebtedness which was originally incurred to purchase or carry margin stock or for any other purpose which might constitute this transaction a "purpose credit" within the meaning of such Regulation U.

  • Borrower has no indebtedness outstanding other than the GAAP Indebtedness and Contingent Indebtedness permitted by Section 6.02.

  • The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) Borrower's Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.

  • The Seller shall provide advanced written notice to the Administrative Agent before incurring GAAP Indebtedness under this clause (d).

  • None of such proceeds shall be used for the purpose of purchasing or carrying any “margin stock” as defined in Regulation U, or for the purpose of reducing or retiring any GAAP Indebtedness and Contingent Indebtedness which was originally incurred to purchase or carry margin stock or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of such Regulation U.

  • The ratio of (i) the sum of GAAP Indebtedness and Contingent Indebtedness to (ii) the Company's Consolidated Tangible Net Worth shall not be more than 12.0 to 1.0 as of the end of each calendar month.

  • Section 6.02(d) of the Credit Agreement is amended by inserting the clause "(including GAAP Indebtedness and Contingent Obligations of CH Funding, LLC under the CP Facility Documents)" immediately prior to the period at the end thereof.


More Definitions of GAAP Indebtedness

GAAP Indebtedness means as to any Person, Indebtedness of such Person which under GAAP would be shown as a liability on such Person's balance sheet.
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Related to GAAP Indebtedness

  • Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).

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

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, except such indebtedness which has been paid or is payable by Borrower to Lender under this Note.

  • Secured Indebtedness means any Indebtedness secured by a Lien.