Total Senior Funded Debt definition

Total Senior Funded Debt means, at any time the same is to be determined, Total Funded Debt minus the principal balance of Subordinated Indebtedness then outstanding.
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Total Senior Funded Debt as of the last day of any fiscal quarter, without duplication, the aggregate consolidated long term and short term senior Indebtedness of the Company and its consolidated Subsidiaries.
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Total Senior Funded Debt means all funded debt plus capitalized leases plus “synthetic” or other off-balance sheet lease obligations (unless in each case cash collateralized, and then only to the extent such obligations exceed the cash collateral), but shall exclude the principal amount of outstanding convertible subordinated debentures or notes issued by the Borrower. EXECUTION COPY
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Examples of Total Senior Funded Debt in a sentence

  • As at the end of any fiscal quarter of the Borrower Affiliated Group, the ratio of (i) Consolidated Total Senior Funded Debt as at the end of such fiscal quarter, to (ii) EBITDA for the four consecutive fiscal quarters of the Borrower Affiliated Group ending on the last day of such fiscal quarter.

  • Total Senior Funded Debt to Annualized Recurring EBITDA not greater than 6.00 to 1.0. As used herein “Total Senior Funded Debt” defined as the sum of all obligations for borrowed money (including the outstanding principal balance of the Line of Credit and the Revenue Bonds), plus the aggregate face amount of letters of credit issued under this Agreement, plus all capital lease obligations of Borrower; less subordinated debt, and with Annualized Recurring EBITDA defined in Section 4.9(b).

  • Borrower has notified Bank that its Total Senior Funded Debt to Adjusted EBITDA Ratio as of fiscal quarter ending September 30, 2018 is 3.85 to 1.00, exceeding the 3.50 to 1.00 maximum requirement set forth in Section 4(k) of the Credit Agreement, which is an Event of Default under Section 6.1(d) of the Credit Agreement (the “Subject Default”).

  • In particular, the execution of the Recovery and Resilience Plan (PRR) has been negatively affected by the uncertainty surrounding the current economic environment, where inflation and the availability of essential raw materials affect the costs and timings of project execution.

  • Maintain a Total Senior Funded Debt to Adjusted EBITDA Ratio of Borrower of not more than the following respective amounts during each of the following respective specified periods: Period Total Senior Funded Debt to Adjusted EBITDA Ratio Date hereof through December 30, 2018 3.50 to 1.00 December 31, 2018 through December 30, 2019 3.00 to 1.00 December 31, 2019 and thereafter.


More Definitions of Total Senior Funded Debt

Total Senior Funded Debt means, at any time the same is to be determined, Total Funded Debt at such time minus the sum of (i) the principal balance of the Obligations, and (ii) the principal balance of Junior Subordinated Debt then outstanding to Messrs. Bouie and Butler, and (iii) amounts owing by the Company to Worthingxxx xursuaxx xx the Settlement Agreement or the Stock Redemption Agreement.
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Total Senior Funded Debt means Total Indebtedness less the outstanding balance of the Indebtedness permitted by section 9.4(d).
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Total Senior Funded Debt of Borrowers on a consolidated basis for any period, shall mean and include the sum of all Indebtedness for borrowed money (excluding any Subordinated Indebtedness, including any such indebtedness owed under the Seller Notes) and any capital lease obligations for such period.
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Total Senior Funded Debt means Debt minus Subordinated Debt.
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Total Senior Funded Debt means any Debt for borrowed money, including without limitation, the Indebtedness, and any notes, bonds or debentures issued by any Obligor unless such Debt is expressly subordinated to the Indebtedness on terms satisfactory to the Lenders, PLUS capital leases.
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Total Senior Funded Debt means, as of any month end, the Revolver Usage plus the then outstanding amount (including the Term Loan PIK Amount) of the Term Loan.
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Total Senior Funded Debt means total interest bearing Indebtedness, specifically excluding current accounts and taxes payable, accrued liabilities, deferred income taxes and Subordinated Debt.
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