Total Recourse Debt definition
Total Recourse Debt means, as of any date, the sum of (a) all Recourse Debt of the Consolidated Group as of such date, plus (b) without duplication of the amount included in clause (a) above with respect to Unconsolidated Affiliates, all Recourse Debt of each Unconsolidated Affiliate of the Consolidated Group multiplied by the respective Unconsolidated Affiliate Interest of each member of the Consolidated Group in such Unconsolidated Affiliate.
Total Recourse Debt means all Debt of the Consolidated Group, determined on a consolidated basis, excluding: (a) contingent obligations in respect of Contingent Liabilities (except to the extent constituting Contingent Liabilities in respect of Debt of a Person other than any Loan Party); (b) Hedging Obligations; (c) Debt of Borrower to Subsidiaries and Debt of Subsidiaries to Borrower or to other Subsidiaries; (d) contingent obligations in respect of undrawn letters of credit; (e) Debt incurred under the Trust Securitization to the extent permitted under Section 11.1(xiv); and (f) Debt incurred under a Warehouse Facility to the extent permitted under Section 11.1(xv). For the avoidance of doubt, Total Recourse Debt shall include Debt (if any) under any SCMI Ownership Based Financings.
Total Recourse Debt means, on any date of determination, without duplication, all Indebtedness under clauses (a), (c) and (d) of the definition of “Indebtedness” (other than Indebtedness under a Warehouse Facility, the Trust Securitization, Capital Lease Obligations and the Goldline Lease LC (as defined in Schedule 6.1) in an outstanding amount (in respect of the Goldline Lease LC) not to exceed $200,000)), owing by each member of the Consolidated Group to banks and financial institutions, and any Guarantee by any member of the Consolidated
Examples of Total Recourse Debt in a sentence
Starting with the Computation Period ending on March 31, 2022, not permit the Total Recourse Debt to Consolidated Tangible Net Worth Ratio for any Computation Period to exceed 4.50 to 1.00.
For the avoidance of doubt, Total Recourse Debt shall include Debt (if any) under any SCMI Ownership Based Financings.
A ratio of Total Recourse Debt to Tangible Net Worth of not more than 2.50 : 1.00 ("Maximum Leverage Ratio").
The term "Total Recourse Debt" shall mean Borrower's consolidated Debt excluding Non-Recourse Indebtedness and Debt of an Unrestricted Subsidiary.
The Company shall maintain as of the last day of each Fiscal Quarter a ratio of Total Recourse Debt as of such day to EBITDA for the four Fiscal Quarter Period ending on such day of not more than 3.50 to 1.0. For the purposes of this covenant, EBITDA shall not include the net revenue attributable to assets pledged to secure Non-Recourse Indebtedness.
More Definitions of Total Recourse Debt
Total Recourse Debt means, as of any date, (a) all Recourse Debt of the Consolidated Group as of such date, plus (b) without duplication of the amount included in clause (a) above with respect to Unconsolidated Affiliates, all Recourse Debt of each Unconsolidated Affiliate of the Consolidated Group
Total Recourse Debt means all Debt of the Consolidated Group, determined on a consolidated basis, excluding: (a) contingent obligations in respect of Contingent Liabilities (except to the extent constituting Contingent Liabilities in respect of Debt of a Person other than any Loan Party); (b) Hedging Obligations; (c) Debt of Borrower to Subsidiaries and Debt of Subsidiaries to Borrower or to other Subsidiaries; (d) contingent obligations in respect of undrawn letters of credit; (e) [Reserved.]; and
Total Recourse Debt means Borrower's consolidated Debt excluding Non-Recourse Indebtedness and Debt of an Unrestricted Subsidiary.
Total Recourse Debt means, on any date of determination, without duplication, all Indebtedness under clauses (a), (c) and (d) of the definition of “Indebtedness” (other than Indebtedness under a Warehouse Facility, the Trust Securitization, Capital Lease Obligations and the Goldline Lease LC (as defined in Schedule 6.1) in an outstanding amount (in respect of the Goldline Lease LC) not to exceed $200,000)), owing by each member of the Consolidated Group to banks and financial institutions, and any Guarantee by any member of the Consolidated Group of any of the foregoing for which a demand for payment has been received including, without limitation, the amount of all Obligations.
Total Recourse Debt means, as of the last day of each Fiscal Quarter, without duplication for the Consolidated Companies, the sum of (a) Total Debt less (b) Non-Recourse Obligations.
Total Recourse Debt means Total Liabilities minus Debt incurred and outstanding in connection with a Permitted Securitization.
Total Recourse Debt means all Debt of the ▇▇▇▇▇▇ Companies, excluding Non-Recourse Debt and the non-recourse portion of Partial Recourse Debt.