Total Secured Debt means, as of any date of determination, the aggregate amount of senior securities representing secured indebtedness of the Obligors as of such date of determination.
Total Secured Debt means, at any date, the aggregate principal amount of Consolidated Total Debt outstanding at such date that consists of, without duplication, (i) Capitalized Lease Obligations and (ii) other Indebtedness (other than Indebtedness in respect of the Facility) that in each case is then secured by Liens on property or assets of the Borrower or its Subsidiaries (other than property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby).
Total Secured Debt means, as of any date of determination, the aggregate principal amount of Secured Indebtedness of the Issuer and the Guarantors (other than Hedging Obligations and cash management obligations to the extent permitted by this Indenture) outstanding on such date, determined on a consolidated basis.
Examples of Total Secured Debt in a sentence
Permit Total Secured Debt, as of the last day of any fiscal quarter of Parent, to be greater than forty-five percent (45%) of Total Asset Value.
The amount of Total Secured Debt will not at any time exceed 40% of Total Assets Value.
The Borrower will not at any time permit the ratio of Consolidated Total Secured Debt that is Recourse Indebtedness to Gross Asset Value (expressed as a percentage) to exceed ten percent (10.0%).
For purposes of any determination of Total Debt, Total Secured Debt or Total First Lien Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1 Financials.
The covenant is based on the ratio of Consolidated Total Secured Debt to Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) for covenant purposes.
More Definitions of Total Secured Debt
Total Secured Debt means, as of any date, the sum of (a) all Secured 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 Secured 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 Secured Debt means, without duplication, all Debt of the Borrower and the Guarantors consisting of: (i) capitalized leases; (ii) money borrowed or the deferred purchase price of real property which is also secured by a Mortgage on any real property owned by the Borrower or any Guarantor; or (iii) reimbursement obligations pertaining to any letter of credit.
Total Secured Debt means Total Debt as of such date secured by a Lien on the assets of the Borrower and its Restricted Subsidiaries.
Total Secured Debt means with respect to any Person, at any time, without duplication, the aggregate outstanding principal amount of Total Debt that is secured by Liens permitted under Section 9.03. For the avoidance of doubt, the Total Secured Debt of the Borrower is the consolidated Total Secured Debt of the Credit Parties, determined in accordance with GAAP.
Total Secured Debt means at any time, for the Borrower and the Guarantors, determined on a consolidated basis, the sum of the following, but only if any Property, or ownership interest of the owner thereof, is subject to a Mortgage with respect thereto: (i) all indebtedness for borrowed money; (ii) the deferred purchase price of Property; (iii) all capital leases in which the Borrower is the tenant; (iv) all obligations to reimburse any bank or other Person in respect of amounts paid or to be paid under a letter of credit or similar instrument; and (v) all Guarantees of Debt of Persons other than the Borrower and the Guarantors.
Total Secured Debt means, as of any date of determination, the aggregate amount of senior securities representing secured indebtedness of the Obligors as of such date of determination, which, for the avoidance of doubt, shall not include any indebtedness under any Capital Call Facility.
Total Secured Debt means, as of any date of determination, the aggregate principal amount of Secured Indebtedness of the Issuers and the Guarantors (other than Hedging Obligations and cash management obligations to the extent permitted by this Indenture) outstanding on such date (or deemed outstanding pursuant to clause (b) of the definition of “Permitted Liens”), determined on a consolidated basis.