Total Senior Secured Debt means, at any time and without duplication, the aggregate amount of the total Funded Debt of Holdings and the Restricted Subsidiaries that is secured by a Lien on any asset or property of Holdings or any of the Restricted Subsidiaries, as of such time.
Total Senior Secured Debt means, on any date, all Total Debt which is secured by a Lien.
Total Senior Secured 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 that is unsecured.
Examples of Total Senior Secured Debt in a sentence
They also determine the employee contribution rates payable (see 2.3.1 below) on an ongoing basis (subject to the cost cap mechanisms1).
Permit the Consolidated Total Senior Secured Debt to EBITDA Ratio at any time during any period of four fiscal quarters of the Company to be greater than 2.25 to 1.00.
The Borrower shall maintain, on a quarterly basis as of the last day of each quarter, a ratio (on a rolling twelve month basis) of Total Senior Secured Debt to EBITDA during the preceding twelve (12) months not to exceed 2.50 to 1.00.
This certificate shall include details of the components of Total Net Debt, Total Senior Secured Debt and EBITDA.
During an Interim Covenant Period, the Parent Guarantor will not, as of the last day of any fiscal quarter ending during such Interim Covenant Period, permit its ratio of Total Senior Secured Debt as of such date to EBITDAX for the four fiscal quarters ending on such date to be greater than 2.5 to 1.0.
More Definitions of Total Senior Secured Debt
Total Senior Secured Debt means, at any time, for the Borrower and its Subsidiaries on a Consolidated basis in accordance with GAAP, the aggregate amount of (i) (a) all indebtedness in respect of borrowed money, (b) all obligations of such Person evidenced by bonds, notes, debentures or similar instruments, (c) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement agreements with respect thereto) to the extent such letters of credit or other similar instruments are drawn and unreimbursed, (d) all obligations of such Person to pay the deferred and unpaid purchase price of any property (including Capital Lease Obligations), but excluding trade accounts payable or accrued liabilities arising in the Ordinary Course of Business, and (e) all obligations attributable to Synthetic Leases related to tangible property, in each case that is secured by a Lien on any asset or property of the Borrower or any of its Subsidiaries and (ii) without duplication, Capital Lease Obligations of the Borrower or any of its Subsidiaries.
Total Senior Secured Debt means, as of any date of determination, an amount equal to the remainder of (a) Debt of the Borrower and its Subsidiaries minus (b) without duplication, the sum of (i) Subordinated Debt, (ii) Refinancing Subordinated Debt and(iii) Debt of the Borrower and its Subsidiaries not secured by any Lien.
Total Senior Secured Debt means the Borrower’s Indebtedness plus any other senior secured indebtedness for borrowed money owing by the Borrower or any Subsidiaries which is secured by a Lien (whether on any Company’s property which is not Collateral or on a pari passu basis with the Indebtedness).
Total Senior Secured Debt as of any date of determination, the aggregate then outstanding principal amount of all secured Funded Debt incurred by the Company or any of its Subsidiaries pursuant to Section 7.2(a), (f), (g), (m), (n) or (q).
Total Senior Secured Debt means, on any date, the outstanding principal amount of all Indebtedness of Holdings, the Borrowers and their respective Restricted Subsidiaries of the type referred to in clauses (a), (b), (c), (f) and (g) of the definition of "Indebtedness" and any Contingent Liability in respect of any of the foregoing that is secured by any assets or property of Holdings, the Borrowers or any of their respective Subsidiaries, exclusive of any such Indebtedness which (i) is described in Section 7.2.2(h) or (ii) which is subordinated to the Obligations on substantially the same terms as the Subordinated Debt referred to in such Section 7.2.2(h) or on such other terms as may be reasonably approved in writing by the Agents, such approval not to be unreasonably withheld or delayed.
Total Senior Secured Debt means with respect to the Borrowers and their Subsidiaries, the result of, without duplication, of (a) the aggregate amount of Indebtedness of the Borrowers and their Subsidiaries, on a consolidated basis, relating to (i) the borrowing of money or the obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business), (iii) in respect of any Synthetic Lease or any Capital Lease, and (iv) the maximum drawing amount of all letters of credit outstanding, in each case relating to such amounts that are secured by a Lien plus (b) Indebtedness of the type referred to in clause (a) of another Person guaranteed by the Borrowers or any of their Subsidiaries minus (c) the Senior Notes minus (d) Subordinated Debt.
Total Senior Secured Debt at any time, an amount equal to the sum of the aggregate principal amount of Indebtedness outstanding at such time under this Agreement.