Actual Debt definition

Actual Debt has the meaning set forth in Section 2.4(b).

Actual Debt means the Debt as calculated and determined in accordance with Schedule 7 (Completion Accounts);

Actual Debt means the indebtedness of the Debt Finance Recipient under the Debt Financing Documents (without any double counting).

Examples of Actual Debt in a sentence

• The Borrower will not at any time permit the Actual Debt Service Coverage Ratio to be less than or equal to 2.00 to 1.00.

• Actual Debt Expenses shall be reported at the end of the FISCAL YEAR in which the reimbursement occurs, and such Debt Expenses will be charged against applicable Expenditure Plan line item reimbursement limits.

• The Borrower will not at any time permit the Unencumbered Pool Actual Debt Service Coverage Ratio to be less than 2.00 to 1.00.

• Interest on the Actual Debt portion of that Termination Payment accrues at the rate provided in the relevant Finance Document from and including the day after the Expiry Date to and including the 20th Business Day after the Expiry Date and thereafter on the whole of that Termination Payment at the default rate provided in the relevant Finance Document.

• Maintain an Actual Debt Service Coverage Ratio of not less than 1.50 to 1 with respect to the Mortgaged Properties.

More Definitions of Actual Debt

Actual Debt means the indebtedness of the PPP Cos and FinCo under the Debt Financing Documents (without any double counting).

Actual Debt means the indebtedness of PPP Co Finance Co and PPP Co under the Debt Financing Documents, excluding any indebtedness resulting from loans from PPP Co Finance Co to PPP Co under the Facilitation Loan Agreement (as defined in the Common Terms Deed).

Actual Debt has the meaning set forth in Section 1.04(b)(i).

Actual Debt means the amount of Debt as determined by and specified in the Completion Accounts;

Actual Debt means the aggregate amount of indebtedness of the Group for borrowed monies, indebtedness evidenced by any note, bond, debenture or other debt security, the deferred purchase price of property or services, and for finance and/or capitalized leases, and liabilities arising in respect of interest rate and currency swap arrangements (if any), including all interest accrued thereon, and including any guarantee of the foregoing, and including the Intra-Group Payables, but excluding current trade creditors, in each case as at close of business on the Completion Date, and calculated in accordance with clause 7 (Completion Accounts), and determined in accordance with Canadian GAAP consistently applied, as set out in the Statement, for the avoidance of doubt expressed as a positive number;

Actual Debt means Closing Indebtedness, as determined in accordance with Section 2.6(a).

Actual Debt means the value of the Debt of STP and Subsidiaries, on a consolidated basis, on November 30th, 2015, to be determined according to Section 3.