Unsecured Consolidated Total Indebtedness definition

Unsecured Consolidated Total Indebtedness means such amount of Consolidated Total Indebtedness in respect of which the Group or a Subsidiary of the Group has not granted a Security Interest over its property or assets.
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Unsecured Consolidated Total Indebtedness means such amount of Consolidated Total Indebtedness in respect of which the Group or a Subsidiary of the Group has not granted a Security Interest over its property or assets. 5.2 Consolidated financial statements So long as any Note or Coupon remains outstanding (as defined in the Trust Deed), the Guarantor shall deliver to the Trustee:
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Unsecured Consolidated Total Indebtedness. As of any date of determination, the aggregate principal amount of Consolidated Total Indebtedness outstanding at such date (including all Obligations) that is not secured by a Lien evidenced by a mortgage, deed of trust, assignment of partnership interests or other security interest.”
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Examples of Unsecured Consolidated Total Indebtedness in a sentence

  • That portion of Consolidated Total Interest Expense attributable to Unsecured Consolidated Total Indebtedness.

  • For any period of determination, Consolidated Total Interest Expense for such period attributable to the Unsecured Consolidated Total Indebtedness of the Borrower, the Trust and their respective Subsidiaries.

  • For purposes of the covenant set forth in this §10.5, any New Debt incurred by the Borrower after the date hereof shall be deemed to be Unsecured Consolidated Total Indebtedness.

  • As of any date of determination, an amount equal to the Availability as of such date (as described in clause (ii) of the definition of Availability) minus, without duplication, the aggregate amount of (x) Unsecured Consolidated Total Indebtedness outstanding on such date and (y) New Debt outstanding on such date.

  • As of any date of determination, an amount equal to (i) the average amount of Unsecured Consolidated Total Indebtedness outstanding during the applicable period, multiplied by (ii) the Mortgage Constant.

  • At any time, as tested at the end of each fiscal quarter of the Parent and any other date of determination, the ratio of (i) Unsecured Consolidated Total Indebtedness as at the last day of the fiscal quarter of the Parent most recently ended (or as of such other date of determination) to (ii) Value of Unencumbered Properties for such period (or as of such other date of determination) to exceed 0.60 to 1.00.

  • As at the end of any fiscal quarter or any other date of measurement, the Borrower shall not permit Unsecured Consolidated Total Indebtedness to equal or exceed 65% the aggregate Value of Unencumbered Properties.

  • As at any date of determination, a ratio that represents the payment of principal and interest on an amortizing mortgage loan based on (i) an interest rate equal to the greater of (a) the actual weighted average interest rate on the Unsecured Consolidated Total Indebtedness and (b) the greater of (x) the then 10-year treasury rate plus 2.0% and (y) 7.5%, and (ii) a 25-year mortgage-style amortization schedule.

  • As at the end of any fiscal quarter Unsecured Consolidated Total Indebtedness shall not exceed 60% of Consolidated Unencumbered Asset Value.

  • As at the end of any fiscal quarter, the Value of Unencumbered Assets for such quarter shall not be less than 1.75 times the Unsecured Consolidated Total Indebtedness on the last day of such quarter.


More Definitions of Unsecured Consolidated Total Indebtedness

Unsecured Consolidated Total Indebtedness means, as of any date of determination, the aggregate principal amount of Consolidated Total Indebtedness outstanding at such date (including all Obligations), that is not secured by a Lien evidenced by a mortgage, deed of trust or assignment of ownership interests or any other Lien. Notwithstanding the foregoing, Unsecured Consolidated Total Indebtedness shall include Recourse Indebtedness that is secured solely by partnership or Equity Interests in any Subsidiary or Partially Owned Entity that owns a Real Estate Asset that is encumbered by a mortgage securing Indebtedness.
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Unsecured Consolidated Total Indebtedness of any Person at any time shall mean the aggregate amount of all Consolidated Total Indebtedness of such Person at such time (including, without limitation, all outstanding Obligations and all Unsecured Indebtedness in the form of payment guaranties of Secured Indebtedness) that is not Secured Consolidated Total Indebtedness; provided, however, that solely for the purpose of calculating the Borrowing Base Amount, Unsecured Consolidated Total Indebtedness of Trizec shall not include up to $100,000,000 of Unsecured Indebtedness incurred at any time by Trizec (but not any other Credit Party) under payment guaranties by it of the Secured Consolidated Total Indebtedness of its Subsidiaries for borrowed money.
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Unsecured Consolidated Total Indebtedness. ’ means such amount of Consolidated Total Indebtedness in respect of which the Issuer or a Subsidiary of the Issuer has not granted a Security Interest over its property or assets.
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Unsecured Consolidated Total Indebtedness means, as of any date of determination, the aggregate principal amount of Consolidated Total Indebtedness outstanding at such date (including all Obligations), that constitutes Unsecured Indebtedness. Notwithstanding the foregoing, Unsecured Consolidated Total Indebtedness shall include (i) Recourse Indebtedness that is secured solely by partnership or Equity Interests in any Subsidiary or Partially Owned Entity that owns a Real Estate Asset that is encumbered by a mortgage securing Indebtedness and (ii) any Obligations secured hereunder pursuant to Section 10.5. For clarity, Unsecured Consolidated Total Indebtedness shall exclude any Secured Recourse Financing.
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Unsecured Consolidated Total Indebtedness means, as of any date of
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Unsecured Consolidated Total Indebtedness of any Person at any time shall mean the aggregate amount of all Consolidated Total Indebtedness of such Person at such time (including, without limitation, all outstanding Obligations and all Unsecured Indebtedness in the form of payment guaranties of Secured Indebtedness) that is not Secured Consolidated Total Indebtedness; provided, however, that solely for the purpose of calculating the Borrowing Base Amount, Unsecured Consolidated Total Indebtedness of Trizec shall not include (i) any Indebtedness incurred under the Interim Facility, including, without limitation, any payment guaranties thereof and pledges providing security therefor, and (ii) up to $100,000,000 of other Unsecured Indebtedness incurred at any time by Trizec (but not any other Credit Party) under payment guaranties by it of the Secured Consolidated Total Indebtedness of its Subsidiaries for borrowed money (excluding payment guaranties of the Interim Facility).
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Related to Unsecured Consolidated Total Indebtedness

  • Consolidated Total Indebtedness means, as at any date of determination, an amount equal to the sum of (a) the aggregate principal amount of all outstanding Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money, obligations in respect of Capitalized Lease Obligations, Attributable Debt in respect of Sale and Lease-Back Transactions and debt obligations evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (and excluding (i) any undrawn letters of credit issued in the ordinary course of business and (ii) Indebtedness of Securitization Entities incurred under clause (18) of the definition of the term “Permitted Indebtedness”), (b) the aggregate amount of all outstanding Disqualified Capital Stock of the Borrower and all Disqualified Capital Stock and Preferred Stock of the Restricted Subsidiaries (excluding items eliminated in consolidation), with the amount of such Disqualified Capital Stock and Preferred Stock equal to the greater of their respective voluntary or involuntary liquidation preferences and Maximum Fixed Repurchase Prices, (c) guarantees and other contingent obligations of the Borrower and the Restricted Subsidiaries (excluding items eliminated in consolidation and only to the extent related to Indebtedness that would constitute “Consolidated Total Indebtedness” under clause (a) or (b)), with the amount of such guarantees or other contingent obligations deemed to be an amount equal to the maximum stated amount of the guarantee or contingent obligation or, if none, the stated or determinable amount of the primary Indebtedness in respect of which such guarantee or contingent obligation is made or, if there is no stated or determinable amount of the primary Indebtedness, the maximum reasonably anticipated liability in respect thereof (assuming the Borrower or such Restricted Subsidiary, as applicable, is required to perform thereunder) as determined by the Borrower in good faith and (d) Indebtedness that would constitute “Consolidated Total Indebtedness” under clause (a) or (b) which are secured by any Lien on any property or asset of the Borrower or any of the Restricted Subsidiaries (excluding items eliminated in consolidation), with the amount of such obligation being deemed to be the lesser of the fair market value of such property or asset and the amount of the obligation so secured, in each case determined on a consolidated basis in accordance with GAAP. For purposes of this definition, the “Maximum Fixed Repurchase Price” of any Disqualified Capital Stock or Preferred Stock that does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock or Preferred Stock as if such Disqualified Capital Stock or Preferred Stock were purchased on any date on which Consolidated Total Indebtedness shall be required to be determined pursuant to this Agreement, and if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock or Preferred Stock, such fair market value shall be determined reasonably and in good faith by the Borrower.

  • Total Indebtedness means, at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Unsecured Indebtedness means, at any time, the portion of Consolidated Total Indebtedness that is Unsecured Debt.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Consolidated Secured Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.