Gross PP&E definition

Gross PP&E means at any date, Consolidated gross plant, property and equipment of the Borrower and its Subsidiaries less any indefeasible rights of use of fiber subject to Capitalized Leases, in each case as of such date and as determined in accordance with GAAP.

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Gross PP&E has the meaning assigned to such term in Section 5.11.

Gross PP&E means the aggregate value of gross property, plant and equipment before depreciation, as reflected in the Company’s balance sheet for the fiscal year ended May 3, 2009, of a Mortgaged Property.

Examples of Gross PP&E in a sentence

• Make or permit its Subsidiaries to make any ---------- Capital Expenditures that would cause the Gross PP&E of the Borrower and its Subsidiaries in any period set forth below to exceed the amount set forth below for such period.

• Holdings shall not permit the ratio of Consolidated Senior Secured Debt to Consolidated Gross PP&E at any time during Stage 1 to exceed 0.50:1.00.

• Make or permit its Subsidiaries to make any Capital Expenditures that would cause the Gross PP&E of the Borrower and its Subsidiaries in any period set forth below to exceed the amount set forth below for such period.

• Borrower shall not permit the ratio of Total Borrower Debt to Gross PP&E to exceed 0.75:1.00 at any time during Stage 1.

• Not permit the ratio of Consolidated Senior Secured Debt to Adjusted Gross PP&E to exceed 50% at any time.

• Holdings shall not permit the ratio of Consolidated Total Debt to Consolidated Gross PP&E at any time to exceed [**].

More Definitions of Gross PP&E

Gross PP&E means, as of any date, the balance sheet amount of all "property, plant and equipment" of Company and its Subsidiaries, without any deduction for depreciation and amortization.

Gross PP&E means, as at any date of determination, the total assets of Parent and its Subsidiaries (other than Unrestricted Subsidiaries) on a consolidated basis that may properly be classified, in conformity with GAAP, as property, plant, equipment or similar items reflected in the consolidated statement of cash flows of Parent and its Subsidiaries (other than Unrestricted Subsidiaries).