Senior Funded Indebtedness means any Funded Indebtedness which is also Senior Indebtedness.
Senior Funded Indebtedness means, at any date, the aggregate principal amount of total liabilities of the Company and its Subsidiaries on a consolidated basis, minus the sum of (a) accounts payable arising from the purchase of goods and services in the ordinary course of business, (b) accrued expenses or losses, (c) deferred revenues or gains, and (d) Subordinated Indebtedness, determined for the Company and its Subsidiaries on a consolidated basis at such date, in accordance with GAAP.
Senior Funded Indebtedness means the Loans (including any outstanding Letter of Credit hereunder) and the amount of the Term Loan Obligations (as that term is defined in the Term Loan Agreement in effect as of the date hereof).
Examples of Senior Funded Indebtedness in a sentence
The Company will not permit the Senior Funded Indebtedness to EBITDA Ratio, on the last day of any fiscal quarter to be greater than 2.50 to 1.00 as of the fiscal quarter ending June 30, 2018 and on each fiscal quarter ending thereafter.
Borrower and its Subsidiaries shall not suffer or permit, at any time, the ratio of (i) Total Senior Funded Indebtedness to (ii) Total Capitalization, to exceed .30 to 1.00, based upon Borrower's financial statements for the most recently completed fiscal quarter.
Holdings shall not permit the Senior Funded Indebtedness to EBITDA Ratio as of the last day of any fiscal quarter of Holdings to be greater than 2.50 to 1.0.
Borrower shall not, after the date hereof, create, incur or assume, directly or indirectly, any additional Senior Funded Indebtedness other than Senior Funded indebtedness owed or to be owed to Lender.
As at any date of determination, the ratio of (a) Senior Funded Indebtedness at such date to (b) Consolidated EBITDA for the Reference Period ending on such date.
More Definitions of Senior Funded Indebtedness
Senior Funded Indebtedness of any Restricted Subsidiary means any Funded Indebtedness of such Restricted Subsidiary and the aggregate preference on involuntary liquidation of any class of stock of such Restricted Subsidiary ranking, either as to payment of dividends or distribution of assets, prior to any other class of stock of such Restricted Subsidiary.
Senior Funded Indebtedness means Funded Indebtedness other than -------------------------- Subordinated Indebtedness.
Senior Funded Indebtedness means, as of the date of determination thereof, all borrowed money as reflected in the most recent financial statements in the form required by this Agreement, if any, excluding all such borrowed money that has been subordinated to the satisfaction of Lender.
Senior Funded Indebtedness means any Funded Indebtedness of the Issuer that is not subordinated in right of payment to any other Indebtedness of the Issuer.
Senior Funded Indebtedness means all Debt of the Borrowers other than the Senior Subordinated Loans and any other Debt which is subordinated to the Senior Debt.
Senior Funded Indebtedness of JCPenney shall mean any Funded -------------------------- Indebtedness of JCPenney unless in any instrument or instruments evidencing or securing such Funded Indebtedness or pursuant to which the same is outstanding, or in any amendment, renewal, extension or refunding of such Funded Indebtedness, it is provided that such Funded Indebtedness is subordinate in right of payment to the Loans (a) in the event of any dissolution or winding-up or total or partial liquidation or reorganization of JCPenney, whether voluntary or involuntary, or any bankruptcy, insolvency, receivership or similar proceedings relative to JCPenney and (b) in the event of any default in the payment of principal (including any required prepayments or amortization) of or interest on any Loans of JCPenney. "Senior Funded Indebtedness" of any Restricted Subsidiary means any Funded Indebtedness of such Restricted Subsidiary and the aggregate preference on involuntary liquidation of any class of stock of such Restricted Subsidiary ranking, either as to payment of dividends or distribution of assets, prior to any other class of stock of such Restricted Subsidiary.
Senior Funded Indebtedness of the Company means any Funded Indebtedness of the Company unless in any instrument or instruments evidencing or securing such Funded Indebtedness or pursuant to which the same is outstanding, or in any amendment, renewal, extension or refunding of such Funded Indebtedness, it is provided that such Funded Indebtedness is subordinate in right of payment to the Securities (a) in the event of any dissolution or winding-up or total or partial liquidation or reorganization of the Company, whether voluntary or involuntary, or any bankruptcy, insolvency, receivership or similar proceedings relative to the Company, (b) in the event that any Subordinated Funded Indebtedness of the Company is declared due and payable before its expressed maturity because of the occurrence of an event of default with respect to such Subordinated Funded Indebtedness and (c) in the event of any default in the payment of principal (including any required prepayments or amortization) of or interest on any Senior Funded Indebtedness of the Company. "Senior Funded Indebtedness" of a Subsidiary means any Funded Indebtedness of such Subsidiary and the aggregate preference on involuntary liquidation of any class of stock of such Subsidiary ranking, either as to payment of dividends or distribution of assets, prior to any other class of stock of such Subsidiary.