Additional Funded Debt definition
Additional Funded Debt means, with respect to the Company, as of the date of any determination thereof, the greater of (a) the amount, if any, by which the aggregate amount of all unsecured Current Debt of the Company then outstanding to the Corporation or its subsidiaries exceeds 15% of Consolidated Net Worth, or (b) the amount, if any, by which the aggregate amount of all unsecured Current Debt of the Company then outstanding under a bank credit facility or to the Corporation or its subsidiaries exceeds 30% of Consolidated Net Worth.
Additional Funded Debt means at any time an amount equal to the excess, if any, of (i) the lowest daily average of the smallest aggregate principal amount of Consolidated Current Debt minus Guaranteed Amounts to the extent included in determining such Consolidated Current Debt outstanding on each day for any period of 30 consecutive days during the 12-month period immediately preceding the date of determination, over (ii) the sum of $10,000,000. Consolidated Adjusted Total Capitalization means, as of the date of any determination thereof, the sum of (i) the aggregate principal amount of Consolidated Adjusted Funded Debt then outstanding, plus (ii) Consolidated Net Worth.
Additional Funded Debt means at any time an amount equal to the excess, if any, of (i) the lowest daily average of the smallest aggregate principal amount of Consolidated Current Debt minus Guaranteed Amounts to the extent included in determining such Consolidated Current Debt outstanding on each day for any period of 30 consecutive days during the 12-month period immediately preceding the date of determination, over (ii) the sum of $10,000,000.
More Definitions of Additional Funded Debt
Additional Funded Debt shall have the meaning assigned thereto in the Recitals hereof.
Additional Funded Debt means Funded Debt in excess of the Funded Debt set forth on Exhibit I attached hereto on the date of any refinancing thereof and any new Funded Debt incurred after the Closing Date.
Additional Funded Debt of any Person shall mean the lowest average amount of Current Debt of such Person outstanding during any period of 30 consecutive days which occurs during the 365-day period immediately preceding any date of determination thereof.