Total Adjusted Debt definition

Total Adjusted Debt means as of any date of determination, all Indebtedness (without duplication) of the Borrower and the Restricted Subsidiaries on a consolidated basis (including any Indebtedness proposed to be incurred on such date of determination and excluding all Indebtedness to be paid on such date of determination with the proceeds thereof).

Total Adjusted Debt means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the amount of Total Debt less any Floor Plan Indebtedness and less Indebtedness for Equipment and real estate.

Total Adjusted Debt means, as of any date, the sum of (a) the aggregate principal amount of all outstanding Long Term Debt of the Borrower and the consolidated Subsidiaries on such date (including the Current Maturities of any such Long Term Debt) and (b) the Capitalized Operating Lease Value on such date.

Examples of Total Adjusted Debt in a sentence

• The Adjusted Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Total Adjusted Debt, Total Adjusted Debt as of the last day of each such fiscal quarter; and (b) for EBITDA, EBITDA for the twelve-month period ending on such day calculated as set forth in the definition thereof.

• The Company will not, at any time, permit the Total Adjusted Debt to Total Adjusted Capital Ratio to be greater than 0.60 to 1.00.

• The Borrower will maintain at all times a ratio of (a) Total Adjusted Debt to (b) the sum of (i) Total Adjusted Debt plus (ii) Owner’s Equity of not more than 0.70 to 1.

• The Borrower shall not permit the ratio (the "Adjusted Leverage Ratio") of (i) Total Adjusted Debt of the Borrower and its consolidated Subsidiaries to (ii) EBITDA of the Borrower and its consolidated Subsidiaries, to be greater than 4.

• The Total Adjusted Debt to Consolidated EBITDAR Ratio at the end of each Fiscal Quarter shall not exceed 4.00 to 1.

More Definitions of Total Adjusted Debt

Total Adjusted Debt means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the amount of Total Debt less any Floor Plan Indebtedness, less the outstanding principal balance of the Debt Offering Notes, and less the outstanding principal balance of any Additional Subordinated Debt, and further less accounts payable and accruals.

Total Adjusted Debt means the sum of (a) Indebtedness of the Loan Parties and their Subsidiaries, plus (b) the product of eight (8) multiplied by (ii) the aggregate amount of any annual payments made by any Loan Party or their respective Subsidiaries pursuant to any Lease.

Total Adjusted Debt means, at any time, the total Indebtedness of Overnite and the Subsidiaries at such time determined on a consolidated basis (excluding Indebtedness of the type described in clauses (f) and (h) of the definition of such term).

Total Adjusted Debt means, at any date of determination, the aggregate amount of all outstanding and other undrawn commitments to provide Indebtedness to the Borrowers or its Foreign Subsidiaries pursuant to Sections 5.02(b)(i)(A) and 5.02(b)(iv)(B), respectively, and all other Indebtedness of the type permitted by Section 5.02(b) outstanding at such time, other than the Indebtedness referred to in Sections 5.02(b)(i)(D), 5.02(b)(ii), 5.02(b)(iii), 5.02(b)(v)(A) and 5.02(b)(vii).

Total Adjusted Debt means, at any date, an amount equal to the consolidated Debt of the Borrower and its Subsidiaries (excluding (i) any such Debt, other than short-term indebtedness for borrowed money or the current portion of long-term Debt, which is a current liability of the Borrower or a Subsidiary and (ii) contingent obligations with respect to letters of credit or other extensions of credit) at such date plus (i) an amount equal to 800% of the Rental Expense for the period of four consecutive fiscal quarters most recently ended on or prior to such date and (ii) the amount called for by Section 1.02(b).

Total Adjusted Debt means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the amount of Total Debt less (i) any Floor Plan Indebtedness and (ii) Permitted Subordinated Indebtedness.

Total Adjusted Debt means, on any date of determination, Parent's total Debt minus the Subordinated Debt, minus (b) obligations under repurchase agreements, minus (c) obligations under escrow-arbitrage facilities.