Secured Debt definition

Secured Debt means Debt secured by any mortgage, lien, charge, pledge or security interest of any kind.

Secured Debt means, for any Person, Indebtedness of such Person secured by any Liens (other than Permitted Liens) in any of such Person’s Properties or other material assets.

Secured Debt means Debt secured by an Encumbrance on the property of the Company or its Subsidiaries.

Examples of Secured Debt in a sentence

• The Loan Parties shall cause the aggregate principal amount of all Secured Debt as of the last day of each Fiscal Quarter to be less than or equal to forty percent (40%) of the Consolidated Total Asset Value.

• If the Borrower loses the benefit of time in accordance with paragraph (1) or (2), the Borrower must immediately pay all of the Secured Debt to the Lenders, and the Lender may exercise the Lender's authority or rights under the Security Agreement, such as executing various security rights under the Security Agreement with the consent of the Majority Lender.

• The Company will not permit the ratio of Consolidated Total Secured Debt to Consolidated Total Asset Value (expressed as a percentage) to exceed forty percent (40.0%) at any time.

• With respect to any period during which any Permitted Acquisition, other Investment not prohibited hereunder or Asset Sale or other disposition occurs, Consolidated EBITDA, LTM EBITDA, Interest Coverage Ratio, Consolidated Total Debt Ratio, Consolidated Secured Debt Ratio and Consolidated First Lien Debt Ratio shall be calculated with respect to such period and such Permitted Acquisition, Investment or Asset Sale or other disposition on a Pro Forma Basis.

More Definitions of Secured Debt

Secured Debt means Parity Lien Debt and Priority Lien Debt.

Secured Debt means Priority Lien Debt and Junior Lien Debt.

Secured Debt means Indebtedness secured by mortgages (or other real estate security instruments) or by mortgage-backed receivables or notes or other instruments supported by direct real estate security.

Secured Debt means any Indebtedness of the Company or any Consolidated Subsidiary for borrowed money, secured by a Lien on any Principal Domestic Property or on any shares of Capital Stock or on any Indebtedness of any Consolidated Subsidiary which owns any Principal Domestic Property.

Secured Debt means any Indebtedness secured by a Lien.

Secured Debt means Debt secured by any mortgage, lien, charge, encumbrance, trust deed, deed of trust, deed to secure debt, security agreement, pledge, conditional sale or other title retention agreement, finance lease, or other security interest or agreement granting or conveying security title to or a security interest in real property or other tangible assets.

Secured Debt means, as of any date, that portion of Total Outstanding Debt as of that date that is secured by a mortgage, trust deed, deed of trust, deeds to secure Indebtedness, pledge, security interest, assignment for collateral purposes, deposit arrangement, or other security agreement, excluding any right of setoff but including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and any other like agreement granting or conveying a security interest.