Senior Funded Debt definition
Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).
Senior Funded Debt means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of which is subordinated to the payment of the Notes).
Senior Funded Debt means, at any date and with respect to the Company and its Subsidiaries, all Debt for borrowed money (excluding the Indebtedness and other Debt expressly subordinated to the Indebtedness in form and substance satisfactory to the Holders), any capital lease obligations and any guaranty with respect to Senior Funded Debt of another Person.
Examples of Senior Funded Debt in a sentence
The Borrower shall maintain a Senior Funded Debt Ratio at all times of not more than 3.00 to 1.00, to be tested quarterly by Lender on a trailing twelve (12) month basis, commencing with the financial information provided for the fiscal quarter ending September 30, 2025.
More Definitions of Senior Funded Debt
Senior Funded Debt means Funded Debt of the Company which is not Subordinated Debt.
Senior Funded Debt means all Funded Debt other than Subordinated Debt.
Senior Funded Debt means, at any time, the Funded Debt of the Borrower on a consolidated basis at such time, excluding Subordinated Debt.
Senior Funded Debt means Funded Debt minus Subordinated Debt.
Senior Funded Debt means, as of any date of determination for the Credit Parties and their Subsidiaries, all Funded Debt (including, without limitation, Extensions of Credit hereunder) which is not Subordinated Debt.
Senior Funded Debt means, with respect to any Eligible Loan, the portion of the Total Funded Debt of the Obligor of such loan that is senior in priority and right of repayment of such Eligible Loan.
Senior Funded Debt means any Debt of the Company which is classified as long term debt in accordance with GAAP (including, without limitation, the Bank Credit Agreement) other than Subordinated Debt.