Maximum indebtedness definition

Maximum indebtedness means the amount of the principal of indebtedness included in a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness.

Maximum indebtedness means the amount of the principal of indebtedness included in a

Maximum indebtedness means the maximum principal amount of indebtedness that may be incurred by a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness.

Examples of Maximum indebtedness in a sentence

• Notwithstanding the foregoing, the Company may permit the issuer of the Seller Notes to make payments in kind, in lieu of interest, provided that any payments in kind made will be included in the calculation of the Maximum Indebtedness described in Section 10.9(c).

• Minimum Adjusted Net Worth (GAAP Net Worth without impact of Accumulated Other Comprehensive Income or loss) $75MM Maximum Indebtedness to FMV of Total Assets Eliminate Maximum Recourse Debt to Adjusted Net Worth 4.0X Adjusted AFFO to Recourse Debt Service 1.35X Minimum Quarterly Adj.

• The initial principal amount and purchase price of the Receivables Note shall be equal to the lesser of (x) the amount by which the Indebtedness of the Company as of the Effective Time exceeds the Maximum Indebtedness Amount and (y) the amount by which the net book value of the accounts receivable of the Company as of the Effective Time exceeds the net book value of the accounts receivable of the Company which would be outstanding if the days sales outstanding was 46.

• The Commitment Fee shall be calculated on the basis of the actual number of days elapsed on which there is an unused portion of the Maximum Indebtedness.

• Maker shall pay Holder a commitment fee on the average daily unused portion of the Maximum Indebtedness (as in effect from time to time until this Note is paid in full) at the rate of 0.125% per annum (the "COMMITMENT FEE").

More Definitions of Maximum indebtedness

Maximum indebtedness has the meaning specified in Section 10.9(c).

Maximum indebtedness means the maximum amount of indebtedness that may be issued under the Plan, as required by ORS 457.190. The Maximum Indebtedness is currently

Maximum indebtedness. None of the Loan Parties shall permit the Consolidated Total Debt of the Borrower, to exceed in the aggregate (i) US$120,000,000 (or its equivalent in other currencies) for the fiscal year ended December 31, 2011 and (ii) US$150,000,000 (or its equivalent in other currencies) thereafter, at any time outstanding, of which no more than US$120,000,000 (or its equivalent in other currencies) may be secured by any Property of any Loan Party or any of its Subsidiaries.”

Maximum indebtedness means $1,600,000,000.00.

Maximum indebtedness. With respect to both Hotel Properties, fifty percent (50%) of the then appraised value of the Hotel Properties or $130,000,000, whichever amount is greater, or with respect to only one Hotel Property, fifty percent (50%) of the then appraised value of the Hotel Property or fifty percent (50%) of the appraised value of the Hotel Property as of January 31, 1986, whichever amount is greater. In all events, the appraised value as referred to herein is the value determined by an independent qualified real estate and hotel appraiser.

Maximum indebtedness means the amount of the principal of indebtedness included in a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness. It is the total amount of TIF revenue that may be spent on the principal amount of projects, programs, and administration throughout the life a plan.

Maximum indebtedness means the amount of $165,000,000, which is the principal amount of indebtedness included in the Plan pursuant to ORS 457.190; “Maximum Indebtedness” does not include indebtedness incurred to refund or refinance existing indebtedness.