Total Recourse Indebtedness means, for any period, the aggregate Indebtedness (excepting any Non-Recourse Indebtedness) of Guarantor and its consolidated Subsidiaries during such period.
Total Recourse Indebtedness means, for any period with respect to any Person, without duplication, the Total Indebtedness of such Person during such period for which such Person (or any of its Consolidated Subsidiaries) is directly responsible or liable as obligor or guarantor (excluding (i) convertible debt notes and other Indebtedness not subject to margin calls, (ii) recourse Indebtedness (x) arising by reason of customary recourse carve-outs under a non-recourse instrument, including, but not limited to, fraud, misappropriation and misapplication, and environmental indemnities, or (y) the maturity date for which (without giving effect to any extensions) matures more than one (1) year from the last day of such period, and (iii) any recourse obligations (including guarantee obligations) of such Person (or any of its Consolidated Subsidiaries) in connection with the issuance of, and obligations under, the securities or related instruments or certificates in a collateralized debt obligation), less the amount of any nonspecific balance sheet reserves maintained in accordance with GAAP.
Total Recourse Indebtedness as of any date of determination, the aggregate principal amount of all Indebtedness of Kimco and of the Consolidated Entities outstanding at such date (excluding Non-Recourse Indebtedness and Indebtedness that is contractually subordinated to the indebtedness of Kimco and its Affiliates under the Loan Documents).
Examples of Total Recourse Indebtedness in a sentence
Permit, at the last day of any Test Period, the ratio of (i) Total Recourse Indebtedness as of such day to (ii) Unencumbered Asset Value as of such day, to exceed 0.60 to 1.0.
Permit, at the last day of any Test Period, the ratio of (i) Total Recourse Indebtedness as of such day to (ii) Unencumbered Asset Value for such period, to exceed 0.55 to 1.0.
Permit the amount of Total Recourse Indebtedness, as of the last day of any fiscal quarter of the Consolidated Group, to exceed the greater of (x) $25,000,000 or (y) 10% of Total Asset Value.
Limitation on Recourse Indebtedness outside of the Facility 5% (Total Recourse Indebtedness to Total Asset Value).
Guarantor’s Total Liquidity shall not at any time be less than the greater of (x) five million dollars ($5,000,000) and (y) five percent (5%) of Guarantor’s Total Recourse Indebtedness; and, in the case of each of (x) and (y), shall not consist of less than five million dollars ($5,000,000) in cash.
More Definitions of Total Recourse Indebtedness
Total Recourse Indebtedness means (a) all Recourse Indebtedness of the Consolidated Group determined on a consolidated basis plus (b) the Consolidated Group Pro Rata Share of Recourse Indebtedness attributable to interests in Unconsolidated Affiliates.
Total Recourse Indebtedness as of any date of determination, the aggregate principal amount of all Indebtedness of the Borrower and of the Entities (other than the Noncontrolled Entities) outstanding at such date (excluding Non-Recourse Indebtedness and Indebtedness that is contractually subordinated to the Indebtedness of the Borrower and its Affiliates under the Loan Documents).
Total Recourse Indebtedness of any Person as of any date of determination means (x) Total Indebtedness of such Person and its Restricted Subsidiaries minus (y) the aggregate obligations of such Person and its Restricted Subsidiaries under or in respect of Permitted Receivables Financings, if any.
Total Recourse Indebtedness means, as of any date of determination, that portion of Total Indebtedness which is Recourse Indebtedness.
Total Recourse Indebtedness as of any date of determination, the aggregate principal amount of all Indebtedness of Kimco and of the Entities (other than the Noncontrolled Entities) outstanding at such date (excluding Non-Recourse Indebtedness and Indebtedness that is contractually subordinated to the Indebtedness of Kimco and its Affiliates under the Loan Documents).
Total Recourse Indebtedness means, for any date, the aggregate Indebtedness of NCFC and its consolidated Subsidiaries on a consolidated basis on such date less any non-recourse Indebtedness of NCFC and its consolidated Subsidiaries which is rated by either S&P or Xxxxx’x or which is incurred in the ordinary course of business consistent with past practice.
Total Recourse Indebtedness means, for any period, the aggregate Indebtedness of Seller and its consolidated Subsidiaries during such period (including, without limitation, off-balance sheet Indebtedness), less the amount of any nonspecific balance sheet reserves maintained in accordance with GAAP, provided that the calculation of Total Indebtedness will exclude (i) amounts of liabilities resulting from the sale of participation interests classified as participations sold on the liabilities side of Seller’s balance sheet, (ii) liabilities resulting from consolidation of debt incurred by wholly owned Subsidiaries of the Seller where Seller has no recourse obligation for the debt and (iii) liabilities resulting from the consolidation of vehicles managed by Seller or a Subsidiary of the Seller where Seller has less than a 50% equity interest.