Total Funded Net Debt definition

Total Funded Net Debt means, with respect to a person, all obligations which are considered to constitute debt in accordance with International Financial Reporting Standards (with some exceptions) net of cash on the balance sheet, generated from operations and held in accounts at the Bank.

Total Funded Net Debt means, as of any date, Total Funded Debt as of such date, net of all Unrestricted Cash and Permitted Investments as of such date of the Company and the Subsidiaries.

Total Funded Net Debt means, with respect to any Obligor, at any time the same is to be determined, the sum (without duplication) at such time of (a) all indebtedness for borrowed money of such Obligor to Borrower; plus (b) all indebtedness for borrowed money of the Obligor to any creditor other than the Borrower; plus (c) all Indebtedness of any other Person, whether secured or unsecured, which (i) is directly or indirectly guaranteed by the Obligor, (ii) the Obligor has agreed (contingently or otherwise) to purchase or otherwise acquire, or (iii) the Obligor has otherwise assured a creditor against loss, minus (d) Unrestricted Cash of such Obligor.

Examples of Total Funded Net Debt in a sentence

• In the case of Canadian prime rate loans, the interest rate is equal to the Bank’s prime rate plus between 0.00% and 1.50% (depending on the Total Funded Net Debt to EBITDA ratio) and, in the case of bankers’ acceptances and Canadian dollar offered rate loans, the interest rate is equal to a variable interest rate based on the Bank’s bankers’ acceptance rates or Canadian dollar offered rates plus between 1.00% and 2.50% (depending on the Total Funded Net Debt to EBITDA ratio).

• Historical texts refer to the ability of the state judges to enforce federal law; and for the federal government to use state officers to execute federal laws, but none imply that this can be done without the consent of the states.

• Net Leverage Ratio.(a) Consolidated Total Funded Net Debt $(from line 2(c))(b) Consolidated EBITDA (from line 3(j)) $ Leverage Ratio Tier Tier 1 Greater than 2.5Tier 2 Greater than 2.0 but less than or equal to 2.5 Tier 3 Greater than 1.5 but less than or equal to 2.0 Tier 4 Greater than 1.0 but less than or equal to 1.5 Tier 5 Less than or equal to 1.0 5.

• In the case of Canadian prime rate loans, the interest rate is now equal to the Bank’s prime rate plus between 0.00% and 0.90% (depending on the Total Funded Net Debt to EBITDA ratio) and, in the case of bankers’ acceptances and Canadian dollar offered rate loans, the interest rate is equal to a variable interest 7 These amounts exclude the BCAP Loan discussed below.

• In the case of Canadian prime rate loans, the interest rate was equal to the Bank’s prime rate plus between 1.50% and 2.50% (depending on the Total Funded Net Debt (as defined below) to EBITDA ratio) and, in the case of bankers’ acceptances and Canadian dollar offered rate loans, the interest rate was equal to a variable interest rate based on the Bank’s bankers’ acceptance rates or Canadian dollar offered rates plus between 2.75% and 3.75% (depending on the Total Funded Net Debt to EBITDA ratio).

• The Credit Facilities bear interest at variable interest rates comprised of either, or a combination of, the Bank’s bankers’ acceptance rates or Canadian dollar offered rates plus between 1.25% and 2.10%, or the Bank’s prime rate plus between 0.00% and 0.90%, depending upon the Total Funded Net Debt to EBITDA ratio, and interest is payable monthly in arrears.

• The interest rates (or margins, as applicable) applicable to the Original Credit Facilities decreased substantially depending on BPI’s Total Funded Net Debt to EBITDA ratio and the availment option selected.

More Definitions of Total Funded Net Debt

Total Funded Net Debt means, at any time, (a) Total Funded Debt of the Borrower and its consolidated Subsidiaries, minus (b) the aggregate amount of unrestricted cash and Liquid Investments on the balance sheet of the Borrower and its Subsidiaries, minus (c) all accounts receivable of the Borrower and its Subsidiaries not more than 60 days past the date of invoice.

Total Funded Net Debt means, at any time, the principal amount of all funded Indebtedness for borrowed money, purchase money Indebtedness and the principal portion of Capital Lease Obligations of the Consolidated Group, less the aggregate amount of Unrestricted Cash and Cash Equivalents of the Consolidated Group (limited, solely for purposes of calculating the Senior Secured Net Leverage Ratio for purposes of Section 6.11, to $75,000,000); provided that Total Funded Net Debt shall exclude (x) Letters of Credit (or other letters of credit and bankers’ acceptances), except to the extent of unreimbursed amounts thereunder and (y) obligations under Hedging Agreements entered into in the ordinary course of business and not for speculative purposes; provided, further that notwithstanding anything to the contrary in this Agreement, for purposes of calculating the aggregate Dollar amount of Total Funded Net Debt solely for purposes of determining compliance with Section 6.11, the Dollar equivalent of any relevant non-Dollar amount shall be calculated using an exchange rate equal to the average daily Exchange Rate between such relevant currencies over the period in respect of which such compliance is to be determined.

Total Funded Net Debt means, at any time, the principal amount of all funded Indebtedness for borrowed money, purchase money Indebtedness and the principal portion of Capital Lease Obligations of the Consolidated Group, less the aggregate amount of Unrestricted Cash and Cash Equivalents of the Consolidated Group; provided that Total Funded Net Debt shall exclude (x) Letters of Credit (or other letters of credit and bankers’ acceptances), except to the extent of unreimbursed amounts thereunder and (y) obligations under Hedging Agreements entered into in the ordinary course of business and not for speculative purposes; provided, further that notwithstanding anything to the contrary in this Agreement, for purposes of calculating the aggregate Dollar amount of Total Funded Net Debt solely for purposes of determining compliance with Section 6.11, the Dollar equivalent of any relevant non-Dollar amount shall be calculated using an exchange rate equal to the average daily Exchange Rate between such relevant currencies over the period in respect of which such compliance is to be determined.