Secured Funded Debt definition

Secured Funded Debt means any Funded Debt which is secured by a Mortgage upon any assets of the Company or a Restricted Subsidiary, including in such assets, without limitation, shares of stock or Indebtedness of any Subsidiary owned by the Company or a Restricted Subsidiary.

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Secured Funded Debt means Funded Debt which is secured by a mortgage, lien or other similar encumbrance upon any of our assets or those of our Restricted Subsidiaries. (Section 101)

Secured Funded Debt means, as of any date of determination, without duplication, the aggregate principal amount of all Funded Debt of Hyatt and its Subsidiaries on a consolidated basis that is secured in any manner by any Lien.

Examples of Secured Funded Debt in a sentence

• The Collateral Agent will permit each Secured Funded Debt Representative and each Secured Party upon reasonable written notice from time to time to inspect and copy, at the cost and expense of the party requesting such copies, any and all Security Documents and other documents, notices, certificates, instructions or communications received by the Collateral Agent in its capacity as such.

• The Plan also provides for rights of subrogation and contribution among each Debtor, as applicable, with respect to recoveries on Secured Funded Debt Claims.

• On a consolidated basis, maintain a Secured Funded Debt Ratio at all times but to be tested as of the end of each fiscal quarter of Hyatt of less than or equal to 0.30 to 1.00.

• The Credit Parties shall cause the ratio of Consolidated Secured Funded Debt to Consolidated Total Asset Value as of the end of each fiscal quarter to be equal to or less than 30%.

• Consolidated Secured Funded Debt - with respect to the Borrowers -------------------------------- and their Subsidiaries all Consolidated Funded Debt which is secured by a lien on any of the assets of the Borrowers and their Subsidiaries.

More Definitions of Secured Funded Debt

Secured Funded Debt means Funded Debt which is secured by a Mortgage upon any assets of the Corporation or a Restricted Subsidiary. (Section 101)

Secured Funded Debt means Funded Debt which is secured by any Lien.

Secured Funded Debt at any date shall mean the aggregate principal amount of Funded Debt that is then secured by Liens on any property or assets of the Issuer or any Restricted Subsidiary.

Secured Funded Debt means Funded Debt that is secured by a Lien upon any assets of the Company or any Restricted Subsidiary.

Secured Funded Debt means Funded Debt which is secured by a Lien upon any assets of the Company or a Restricted Subsidiary. (Section 101)

Secured Funded Debt means with respect to any Person, without duplication, (a) all Loans and Letter of Credit Accommodations outstanding as of any date of determination plus (b) all other secured Indebtedness for borrowed money evidenced by notes, bonds, debentures, or similar evidences of Indebtedness which by its terms matures more than one year from, or is directly or indirectly renewable or extendible at such Person's option under a revolving credit or similar agreement obligating the lender or lenders to extend credit over a period of more than one year from, the date of creation thereof. "Solvent" shall mean, at any time with respect to any Person, that at such time such Person (a) is able to pay its debts as they mature and has (and has a reasonable basis to believe it will continue to have) sufficient capital (and not unreasonably small capital) to carry on its business consistent with its practices as of the date hereof, and (b) the assets and properties of such 31

Secured Funded Debt means, for the Borrower, on a consolidated basis, the aggregate of any Funded Debt secured or collateralized by a Lien;