Total Cap definition

Total Cap means, as of any date of determination, the sum of Total Debt plus Consolidated Tangible Net Worth of the Borrower and the Restricted Subsidiaries.
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Total Cap has the meaning set forth in Section 8.01(d).
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Total Cap has the meaning specified in Section 2.08(a)(iii).
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Examples of Total Cap in a sentence

  • The Borrower shall not permit, at any time, the ratio of Total Net Debt to Total Cap to be greater than 0.65 to 1.0.

  • The Exchange Notes will bear interest payable semi-annually, in arrears, at a rate equal to the Total Cap.

  • Each Lender’s Exchange Notice shall specify the aggregate principal amount of outstanding Loans that such Lender desires to exchange for Exchange Notes pursuant to this Section 2.21, which shall be in a minimum amount of $1,000,000 (and integral multiples of $1,000 in excess thereof) and, subject to the limitations set forth in the Exchange Note Indenture, shall be Exchange Notes bearing interest at the Second Lien Bridge Total Cap.

  • Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, but upon and following the occurrence of a Demand Failure Event, notwithstanding anything contained in any Loan Document, each Loan shall be a Total Cap Loan.

  • Such option must be exercised by no later than seven (7) days prior to the “RFA/UFA Signing Period Beginning.” • Cap Advantage Recapture – Total Payment and Total Cap Charge to be calculated based on full season face values for the 2019-20 season, disregarding the impact the pause had on payroll and the cap.


More Definitions of Total Cap

Total Cap shall have the meaning given such term by the Fee Letter.
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Total Cap has the meaning set forth in Section 3.07(a).
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Total Cap means 7.0% per annum.
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Total Cap shall have the meaning set forth in the Burgundy Related Letter.
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Total Cap means (i) prior to February 8, 2020, 12.00% per annum and (ii) on or after February 8, 2020, 12.25% per annum.
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Total Cap means 10.00% per annum (plus an additional 0.50% per annum if the Indicative Company Rating is less than either Ba3 (with stable or better outlook) from Xxxxx’x or BB- (with stable or better outlook) from S&P; plus an additional 0.50% per annum on and after the date that is 3 months from the execution date of the Arranger Fee Letter, plus an additional 0.50% per annum on and after the date that is 6 months from the execution date of the Arranger Fee Letter. It is understood that the interest rate on Loans may exceed the Total Cap solely to the extent provided in Section 2.9.
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Total Cap is hereby amended by replacing the words “Consolidated Tangible Net Worth” contained therein with the words “Consolidated Net Worth”.
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