Total Senior Secured Debt definition

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

• Total Senior Secured Debt less Unrestricted Cash to Adjusted EBITDA Ratio: The total senior secured debt to Adjusted EBITDA ratio is defined as consolidated senior secured debt less unrestricted cash divided by Adjusted EBITDA.

• Permit the Consolidated Total Senior Secured Debt to EBITDA Ratio at any time to be greater than 2.25 to 1.00.

• 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 monthly basis as of the last day of each month, 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.

• EBITDA Credit Statistics: $ 682.4 $ 709.6 Total Capitalization 151.8 22.7 Equity --- 62.2 Series A Preferred Stock $ 530.6 $ 624.7 Total Debt 81.7 122.2 11% Notes (b) 197.0 250.0 9% Notes $ 251.9 $ 252.5 Total Senior Secured Debt 0.5 0.5 Capital Leases 4.5 4.5 Vessel Mortgages 246.9 247.5 Term Loan $ 0.0 $ 0.0 Revolver (a) December 25, 2005 September 25, 2005 ($ in Millions) (a) Upon completion of IPO, revolver commitment increased to $50 million from $25 million.

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), (c)(iii), (f), (g), (m) or (n).

Total Senior Secured Debt means, at any time, for the Borrower and its

Total Senior Secured Debt means, at any date, the aggregate amount of Senior Secured Debt of Parent and its Consolidated Subsidiaries as of such date determined on a consolidated basis in accordance with GAAP, net of (A) up to $30.0 million in cash and Permitted Investments held by Parent or any Qualified Subsidiary not in the Collateral Account, (B) all cash and Permitted Investments held in the Collateral Account at such date that resulted from any Disposition of any System of Parent or any Subsidiary and (C) Net Available Proceeds received in connection with a Permitted Refinancing of any Senior Secured Debt (or any other incurrence of Indebtedness permitted under Section 9.08 (k) or (n) the proceeds of which are to be used to refinance any outstanding Senior Secured Debt of Parent or any Consolidated Subsidiary) to the extent such Net Available Proceeds have not been applied to refinance the Senior Secured Debt being refinanced; provided that such Net Available Proceeds shall be excluded from this calculation upon the earlier of (i) 60 days following the issuance of such refinancing Indebtedness and (ii) the date on which such Net Available Proceeds are used to consummate such Permitted Refinancing or other refinancing of Senior Secured Debt.

Total Senior Secured Debt means, as of any date of determination, the sum of the aggregate principal amount of all (a) Loans outstanding as of such date, (b) unreimbursed L/C Disbursements as of such date, (c) Capital Lease Obligations of Terex and the Subsidiaries outstanding as of such date and (d) other Indebtedness of Terex and the Subsidiaries that is secured by any assets of Terex and the Subsidiaries.