Current Portion of Long Term Debt definition

Current Portion of Long Term Debt means that portion of Funded Debt payable within one year from the date of such determination, determined in accordance with generally accepted accounting principles, consistently applied.

Current Portion of Long Term Debt means as of a given date, the amount of the Borrower’s long-term Indebtedness (other than the amount of the Loans) which became due during the designated period ending on the designated date.

Current Portion of Long Term Debt means, for any period, that portion of Borrower’s Long Term Debt that must be repaid within the next 12 months.

Examples of Current Portion of Long Term Debt in a sentence

• Consolidated Indebtedness shall mean the difference between (i) the sum of Long Term Debt (including Participating Loans), Bank Overdrafts, Current Portion of Long Term Debt and Short Term Borrowings and (ii) the sum of Cash, Short Term Deposits and Marketable Securities as each of the foregoing amounts shall be determined from the items so described in the consolidated balance sheet of RP included in the annual financial statements most recently delivered by RP to the Lender.

• As used herein "Consolidated Debt Service Coverage Ratio" shall be defined as (1) (A) Net Income, plus (B) Interest Expense, plus (C) Depreciation & Amortization, minus (D) Distributions, minus (E) Extraordinary Income/Non-Recurring Income, divided by (2) (A) Current Portion of Long Term Debt Payments, plus (2) Interest Expense (in each case, measured based upon the financial results of Borrower and Guarantor).

• Current Portion of Long Term Debt: The Company had a one-year renewable bank note with a floating interest rate.

• All components of the Fixed Charge Coverage Ratio Shall be annualized for the following three periods: (i) July 1, 1995, through September 30, 1995; (2) July 1, 1995, through December 31, 1995; and (iii) July 1, 1995, through March 31, 1996; provided, however, Current Portion of Long Term Debt (a component of Consolidated Debt Service), shall be a fixed annual amount.

• Borrower to maintain a minimum Debt Service Coverage Ratio of *** to *** , which is calculated based on a rolling *** fiscal quarter basis, as 1) the sum of net profit plus depreciation and amortization and interest and other adjustments reasonably acceptable to Lender in its sole discretion ( *** ), less the sum of dividends and distributions divided by 2) Current Portion of Long Term Debt plus Interest.

More Definitions of Current Portion of Long Term Debt

Current Portion of Long Term Debt means that portion of Funded Debt payable within the twelve months prior to the date of such determination, determined in accordance with GAAP.

Current Portion of Long Term Debt. (“CPLTD”) means, for any period, the scheduled principal loan or capital lease payments paid or required to be paid during the applicable period.

Current Portion of Long Term Debt means that portion of Debt of the Borrower and its Subsidiaries on a consolidated basis (including, without limitation, the Advances, but excluding the Subordinated Debt and the senior Debt listed on Schedule 1.01(a)) that is, at the end of any Quarter, due and payable within the next 12 months.

Current Portion of Long Term Debt means, for any period, the current scheduled principal or capital lease payments required to be paid during the applicable period.

Current Portion of Long Term Debt means the portion of the Company's long term debt that must be discharged within a one year period, determined in accordance with generally accepted accounting principles consistently applied.

Current Portion of Long Term Debt means, for any period, all principal obligations of Borrower and each Guarantor for borrowed money (including but not limited to, any amounts due with respect to Capital Lease Obligations) which by the terms thereof required repayment within the immediately preceding three (3) or twelve (12) month period, as the case may be.

Current Portion of Long Term Debt means the aggregate amount of principal payments payable within one (1) year following the date of determination.