Total Unsecured Debt definition

Total Unsecured Debt means the portion of Total Indebtedness that is Unsecured Debt.

Total Unsecured Debt means the total of all principal debts due by a 30

Total Unsecured Debt means Total Consolidated Debt, which includes, without limitation, the aggregate outstanding principal balance of the Notes, but which excludes all Secured Indebtedness.

Examples of Total Unsecured Debt in a sentence

• The quotient of (a) Adjusted Net Operating Income of the Unencumbered Asset Pool divided by (b) the sum of (i) Consolidated Total Unsecured Debt plus (ii) all Capitalized Lease Obligations of Borrower and its Subsidiaries with respect to any of the Unencumbered Asset Pool Properties, expressed as a percentage.

• The Company will not permit at any time its Total Unencumbered Assets to be less than 150% of its Total Unsecured Debt.

• As of any date of determination, the sum of (a) Consolidated Total Unsecured Debt of the Borrower and the Guarantors less (b) Unrestricted Cash and Cash Equivalents of Borrower and its Subsidiaries (excluding those described in clause (h) of the definition of Cash Equivalents).

• As at the end of any fiscal quarter or other date of measurement, the Borrower shall not permit the aggregate Adjusted Unencumbered Property NOI for all Unencumbered Properties to be less than two (2) times Consolidated Total Unsecured Debt Service, based on the results of the most recent two (2) complete fiscal quarters.

• The Total Unsecured Debt shall not exceed ---------------------- either (a) 55% of the Unencumbered Property Value, or (b) 60% of the Unencumbered Property Value calculated with respect only to Property of Borrower.

More Definitions of Total Unsecured Debt

Total Unsecured Debt means, as of any date, the sum of (a) all Unsecured Debt of the Consolidated Group as of such date, plus (b) without duplication of the amount included in clause (a) above with respect to Unconsolidated Affiliates, all Unsecured Debt of each Unconsolidated Affiliate of the Consolidated Group multiplied by the respective Unconsolidated Affiliate Interest of each member of the Consolidated Group in such Unconsolidated Affiliate.

Total Unsecured Debt means the total of money or other consideration contemplated in section 101(1) due by the debt intervention applicant under all the unsecured credit agreements to which the debt intervention applicant is a party.(2) A debt intervention applicant may apply once to the National Credit Regulator in the prescribed manner and form for a debt intervention, if that debt intervention applicant has at 24 November 2017, a total unsecured debt owing to credit providers of no more than R50,000.(3) The following credit agreements that form part of the total unsecured debt, do not qualify for the debt intervention:(a) A developmental credit agreement contemplated in section 10; and (b) subject to section 85(c), any credit agreement where, at the time of the application for the debt intervention, the credit provider under that credit agreement has proceeded to take the steps contemplated in section 130 to enforce that agreement.(4) The application contemplated in subsection (2) must be supported by— (a) proof of the debt intervention applicant’s daily, weekly or monthly income and expenses, supported by the most recent proof thereof in the possession of the debt intervention applicant;(b) information confirming the total unsecured debt; (c) credit agreements that relates to the total unsecured debt;

Total Unsecured Debt means the total of all principal debts due by a debt intervention applicant under the unsecured credit agreements, unsecured short term credit transactions or unsecured credit facilities to which the debt intervention applicant is a party;‟‟.

Total Unsecured Debt of a Person means, as of any date of determination, the aggregate outstanding principal amount of all Unsecured Debt of such Person and its Subsidiaries outstanding on such date, after eliminating all offsetting debits and credits between such Person and its Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of such Person and its Subsidiaries in accordance with GAAP.

Total Unsecured Debt means all Debt of the Borrower, the Guarantors and their respective Subsidiaries other than Total Secured Debt.

Total Unsecured Debt means the aggregate principal amount of Total Funded Debt not secured by a Lien on any asset of any Borrower or any Subsidiary thereof.

Total Unsecured Debt means, as of any date, the sum of (a) all Unsecured Debt of the Parent Guarantor and its Subsidiaries on a consolidated basis as of such date, plus (b) without duplication of the amount included in clause (a) above with respect to Unconsolidated Affiliates, all Unsecured Debt of each Unconsolidated Affiliate multiplied by the respective Unconsolidated Affiliate Interest in such Unconsolidated Affiliate.