Total Senior Indebtedness definition

Total Senior Indebtedness means, as of any date, the aggregate principal amount of Indebtedness of Holdings, the Borrower and the Subsidiaries outstanding on such date, determined on a consolidated basis, excluding the Subordinated Debt, any Permitted Convertible Debt, the Junior Subordinated Note, Qualified Liquidity Financing and any other Indebtedness that is effectively subordinated to the Obligations on terms no less favorable to the Lenders than the terms of the Subordinated Debt.

Total Senior Indebtedness means, as at any date, the sum of all Indebtedness at such date of MCC and its Restricted Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), excluding, however, the 2003 Senior Subordinated Notes and any Permitted Indebtedness that has been issued upon Satisfactory Terms of Subordination.

Total Senior Indebtedness means the aggregate outstanding principal amount of all Indebtedness of CCG and its Affiliates, other than the outstanding principal amount of any Subordinated Debt.

Examples of Total Senior Indebtedness in a sentence

• The Borrower and its Subsidiaries shall maintain a Timber Market Value greater than 175% of outstanding Total Senior Indebtedness.

• Each Obligor will not at any time permit the Total Senior Indebtedness Ratio to exceed 2.50 to 1.

• Permit, on the last day of any fiscal quarter of the Borrower, the ratio of (x) Consolidated Total Senior Indebtedness to (y) the Consolidated EBITDA for the Calculation Period ending on such date to exceed 3.5 to 1.0 (or, from and after the Equity Adjustment Date, 3.25 to 1.0).

• The term “ Senior Leverage Ratio” shall mean, on any relevant date of determination, the ratio of (i) Total Senior Indebtedness as of such date minus Unrestricted Cash and Cash Equivalents as of such date to (ii) Consolidated EBITDA for the period of four consecutive fiscal quarters of Parent ended on such date.

• The Borrower shall not permit the ratio of Total Senior Indebtedness divided by EBITDA to be greater than 2.0 to 1.0 at all times.

More Definitions of Total Senior Indebtedness

Total Senior Indebtedness means the Aggregate Revolving Commitments plus the Indebtedness evidenced by the Note Purchase Agreement.

Total Senior Indebtedness means, at any time, an amount equal to Total Indebtedness at such time, but excluding the portion of Indebtedness constituting Subordinated Indebtedness that matures, comes due or is required to be repaid, prepaid or terminated on or after the date that is six months after the Maturity Date.

Total Senior Indebtedness means, at any time, the remainder of (x) Consolidated Indebtedness at such times less (y) the aggregate outstanding principal amount of the Notes.

Total Senior Indebtedness as of any date of determination, Consolidated Total Indebtedness less (i) the principal amount of the Subordinated Loans and (ii) to the extent included in Consolidated Total Indebtedness, the aggregate principal amount of the Existing Exchange Debentures and the Existing Subordinated Notes which have been covenant defeased in accordance with the instruments governing the Existing Exchange Debentures and the Existing Subordinated Notes as in effect on the date hereof.

Total Senior Indebtedness means, at any time, the remainder of (x) Consolidated Indebtedness at such time less (y) the sum of (i) the aggregate outstanding principal amount of the Senior Subordinated Bridge Loans at such time, (ii) the aggregate outstanding principal amount of the Permitted Subordinated Refinancing Indebtedness at such time and (iii) the aggregate outstanding principal amount of the Mezzanine Subordinated Notes at such time.

Total Senior Indebtedness means, as at any date, Total Indebtedness (excluding, however, any Subordinated Indebtedness and any Indebtedness that is not secured) as at such date.

Total Senior Indebtedness means at any time (i) Total Indebtedness at such time, LESS (ii) the then outstanding principal amount of the Convertible Subordinated Debentures due 2004.