Secured Funded Indebtedness means Consolidated Funded Indebtedness that is secured by Liens on the property or assets of the Borrowers and the Loan Parties (other than property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby).
Secured Funded Indebtedness means Consolidated Debt of LGEC and its Restricted Subsidiaries that is secured by a Lien on any asset of LGEC or any Restricted Subsidiary which is (a) not a Permitted Lien or (b) a Permitted Lien incurred pursuant to (x) clause (1), (10), (13), (15), (25) or (38) of the definition thereof or (y) clause (18) thereof to the extent the Lien incurred pursuant to clause (18) refinanced a Lien previously incurred pursuant to a clause set forth in the foregoing clause (x).
Secured Funded Indebtedness means, as of any date of determination, Funded Indebtedness secured by a Lien on any of the assets or property of the Loan Parties; provided that Secured Funded Indebtedness will not include undrawn amounts under revolving credit facilities and Indebtedness in respect of any (1) letter of credit, bank guarantees and performance or similar bonds, except to the extent of obligations in respect of drawn standby letters of credit which have not been reimbursed within three (3) Business Days and (2) Swap Obligations. The Dollar-equivalent principal amount of any Indebtedness denominated in a foreign currency will reflect the currency translation effects, determined in accordance with GAAP, of Swap Obligations for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar-equivalent principal amount of such Indebtedness.
Examples of Secured Funded Indebtedness in a sentence
The fair value of investment property reflects, inter alia, future lease income and other assumptions that market players would take into account when valuing the property under current market conditions.
The Company shall not, and shall not permit any Subsidiary to, directly or indirectly, create, incur, assume, guarantee, or otherwise become directly or indirectly liable with respect to any Secured Funded Indebtedness.
More Definitions of Secured Funded Indebtedness
Secured Funded Indebtedness means Consolidated Debt of the Issuer and its Restricted Subsidiaries that is secured by a Lien on any asset of the Issuer or any Restricted Subsidiary which is (a) not a Permitted Lien or (b) a Permitted Lien incurred pursuant to (x) clause (1), (10), (13), (15), (25) or (38) of the definition thereof or (y) clause (18) thereof to the extent the Lien incurred pursuant to clause (18) refinanced a Lien previously incurred pursuant to a clause set forth in the foregoing clause (x).
Secured Funded Indebtedness means, as of any date of determination, all secured Indebtedness for borrowed money or letters of credit of Parent, determined on a consolidated basis in accordance with GAAP, including, in any event, but without duplication, with respect to Parent and its Subsidiaries, the Indebtedness under the ABL Loan Documents, the Term Loan, the amount of their Capitalized Lease Obligations, and the amount of their Permitted Purchase Money Indebtedness; provided, however, that “Secured Funded Indebtedness” shall not include any Indebtedness of Parent and its Subsidiaries which has Liens junior to the Liens securing, the Obligations.
Secured Funded Indebtedness means, with respect to any specified Person, (i) Indebtedness described in any of clauses (i), (ii) and (iv) of the definition of “Indebtedness” that is secured by Liens encumbering all or any portion of the assets and property of such Person, and (ii) Guarantees in respect of any such Indebtedness of another Person that are secured by Liens encumbering all or any portion of the assets and property of such Person.
Secured Funded Indebtedness means Consolidated Debt of LGEC and its Restricted Subsidiaries that is secured by a Lien on any asset of LGEC or any Restricted Subsidiary (excluding (i) Liens that are junior in priority to the Liens securing the Loans and the Guarantees under Article 9 and (ii) Permitted Liens other than (a) Permitted Liens incurred pursuant to clauses (1), (10), (13), (15), (25) or (38) of the definition thereof (to the extent any such Lien is not, pursuant to an Intercreditor Agreement, subordinated to the Liens securing the Obligations) and (b) Permitted Liens with respect to any permitted Refinancing Indebtedness or Refinancing Notes with respect to Indebtedness secured by Liens described in clause (a) (to the extent any such Lien is not, pursuant to an Intercreditor Agreement, subordinated in right of payment to the Obligations)).
Secured Funded Indebtedness means Consolidated Debt of Parent and its Restricted Subsidiaries that is secured by a Lien on any asset of Parent or any Restricted Subsidiary which is (a) not a Permitted Lien or (b) a Permitted Lien incurred pursuant to (x) clause (1), (10), (13), (15), (25) or (38) of the definition thereof or (y) clause (18) thereof to the extent the Lien incurred pursuant to clause (18) refinanced a Lien previously incurred pursuant to a clause set forth in the foregoing clause (x).
Secured Funded Indebtedness means Indebtedness of the Issuer and its Restricted Subsidiaries that is secured by a Lien on any asset of the Issuer or any Restricted Subsidiary (excluding Liens that are junior in priority to the Liens securing the Notes and the Notes Guarantees and excluding Permitted Liens other than (a) Permitted Liens described in clause (1) or (17) of the definition thereof and (b) Permitted Liens with respect to any permitted Refinancing Indebtedness with respect to Indebtedness secured by Liens described in clause (a)).
Secured Funded Indebtedness means, as of any date for the Group Members on a Consolidated basis and without duplication, all secured Indebtedness of the types set forth in clauses (a) through (e) of the definition thereof and all guarantees of the Group Members in respect of any of the foregoing types of Indebtedness.