Total Senior Debt definition

Total Senior Debt at any time shall mean the Total Debt at such time less the aggregate amount outstanding of Senior Subordinated Notes.

Total Senior Debt means, at any time, the principal amount of all ------------------- consolidated Debt of the Company and its consolidated Subsidiaries other than Subordinated Debt.

Total Senior Debt means, as of the date of any determination thereof, (i) all Debt of the Company and its Restricted Subsidiaries other than Total Subordinated Debt and other than Debt owing to the Company or any Restricted Subsidiary minus (ii) Cash in Transit from financial institutions.

Examples of Total Senior Debt in a sentence

• Noncompliance with the maximum Consolidated Total Senior Debt to Total Capitalization requirement set forth in Section 7.15 (c) of the Credit Agreement.

• Noncompliance with the maximum Consolidated Total Senior Debt to Total Capitalization ratio set forth in Section 7.15(d) of the Credit Agreement.

• Permit, as of the last day of any fiscal quarter, its ratio of (a) the aggregate outstanding principal amount of Total Senior Debt to (b) Total Capitalization to be greater than 50%.

• The Company shall not permit for any period set forth below (measured as of the last day of each fiscal quarter of the Company), the ratio of (a) Consolidated Total Senior Debt (measured as of the last day of each fiscal quarter of the Company) to (b) Consolidated EBITDA to be more than the ratio corresponding to such period in the table set forth below.

• The Borrowers shall not, at any time, suffer or permit Total Senior Debt to exceed the aggregate amount of all of the Borrowers’ Receivables (including all billed and unbilled Receivables).

More Definitions of Total Senior Debt

Total Senior Debt all (a) Debt of Holdings and its Subsidiaries, determined on a consolidated basis in accordance with GAAP (excluding (u) contingent obligations in respect of Contingent Liabilities (except to the extent constituting (1) Contingent Liabilities in respect of Debt of a Person other than any Loan Party, or (2) Contingent Liabilities in respect of undrawn letters of credit), (v) Debt of any Borrower to any other Loan Party and Debt of any Subsidiary to any Borrower or to any other Subsidiary, (w) any Debt that is unsecured or contractually subordinated to the Obligations in form and substance reasonably satisfactory to the Administrative Agent, (x) obligations with respect to earn-out payments for Permitted Acquisitions until due and payable, and (y) obligations for any leased real property to the extent unsecured and not constituting debt for borrowed money) minus (b) unrestricted cash and Cash Equivalent Investments of Holdings and its Subsidiaries in deposit accounts subject to Control Agreements in favor of the Acquisition Term Agent and the Administrative Agent not to exceed $1,000,000 (but excluding, for the avoidance of doubt, the cash proceeds of any Term B , Term D Loan Agreement or any Incremental Facilities (as each term is defined in the Acquisition Term Loan Agreement)) as of any applicable date of determination; provided, that for all purposes of calculating the Senior Net Leverage Ratio under the Loan Documents, the amount of outstanding Revolving Credit Loans for purposes of clause (a) above shall be calculated by taking the average of such outstanding Revolving Credit Loans at the end of each business day for the trailing ninety (90) day period (or, if prior to the date that is ninety (90) days following the Closing Date, the period from the First Amendment Effective Date to the date the Senior Net Leverage Ratio is being tested) (the averaging of such outstanding revolving loans, the “Revolver Averaging Mechanic”).

Total Senior Debt means, at any time, all Consolidated Debt of Enron and its Consolidated Subsidiaries other than Subordinated Debt.

Total Senior Debt means, as of any date of determination, (a) Total Debt as of such date minus (b) the portion of Total Debt as of such date represented by the Subordinated Debt and Existing Notes.

Total Senior Debt means, at any date, Total Debt of Borrower and its Consolidated Subsidiaries minus the then outstanding principal balance of the Subordinated Debt.

Total Senior Debt. Senior Debt or Replacement Senior Debt, Indebtedness with respect to Capitalized Lease Obligations of a Company or any of its Subsidiaries secured by a lien described in Section 8.3(j), and Purchase Money Indebtedness of a Company or any of its Subsidiaries secured by a lien described in Section 8.3(i).

Total Senior Debt means, at any time, the aggregate amount of Senior Debt of members of the Group owing to third parties at such time (and for avoidance of doubt excluding any Mezzanine Debt);

Total Senior Debt means the sum of (a) all Debt of the Company and its Subsidiaries other than Subordinated Debt and (b) the principal or face amount of all outstanding "LC Obligations" under and as defined in the Intercreditor Agreement.