Adjusted Consolidated Total Debt means, at any time with respect to any Person and its subsidiaries, the total Indebtedness of such Person in respect of borrowed money, Capitalized Lease Obligations and purchase money Indebtedness, minus the amount of unrestricted cash (other than Customer Funds) and Cash Equivalents held by such Person and its subsidiaries and cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also include cash and Cash Equivalents securing other Indebtedness secured by a Permitted Lien on the Collateral along with the Liens securing the Credit Facilities); provided, however, that Adjusted Consolidated Total Debt shall be calculated to exclude any obligation, liability or indebtedness of such Person if, upon or prior to the maturity thereof, such Person has irrevocably deposited with the proper Person in trust or escrow the necessary funds (or evidences of indebtedness) for the payment, redemption or satisfaction of such obligation, liability or indebtedness, and thereafter such funds and evidences of such obligation, liability or indebtedness or other security so deposited are not included in the calculation of unrestricted Cash.
Adjusted Consolidated Total Debt means the aggregate of all Indebtedness (except that, for purposes of determining Adjusted Consolidated Total Debt, letters of credit and similar instruments described in clause (e) of the definition of Indebtedness shall be included only to the extent they have maturities greater than 1 year) of the Borrower and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP, excluding, however, any Convertible Redeemable Capital Stock or Convertible Subordinated Debt if the current market value of an equity security into which such Convertible Redeemable Capital Stock or Convertible Subordinated Debt is convertible is greater than the conversion price for such security.
Examples of Adjusted Consolidated Total Debt in a sentence
For the purposes of calculating Adjusted Consolidated Total Debt and Consolidated Tangible Net Worth, and notwithstanding any provision of GAAP to the contrary, the assets, liabilities, revenues and expenses of the Advertising Entities and the FIN 46 Entities shall be disregarded provided that any Indebtedness of the Advertising Entities or the FIN 46 Entities is non-recourse to the Borrower, THI and their Subsidiaries.
For Tilbury, the present charge is $0.83/GJ based on the Lower Mainland Rate Schedule 22 (Large Volume Transportation) for distribution system deliveries.
Section 9.03 ---- -------------------------------------------------------- ------------ of the Credit Agreement is hereby amended by deleting the language "Consolidated Total Debt" in the introductory paragraph thereto and by replacing it with the language "Adjusted Consolidated Total Debt".
For the purposes of calculating Adjusted Consolidated Total Debt and Consolidated Tangible Net Worth, and notwithstanding any provision of GAAP to the contrary, the assets, liabilities, revenues and expenses of the Advertising Entities and the FIN 46 Entities shall be disregarded provided that any Indebtedness of the Advertising Entities or the FIN 46 Entities is non-recourse to the Borrowers and their Subsidiaries.
More Definitions of Adjusted Consolidated Total Debt
Adjusted Consolidated Total Debt means, without duplication, all Indebtedness of the U.S. Borrower and its Subsidiaries, including current maturities of such Indebtedness, determined on a consolidated basis in accordance with GAAP, but excluding the Indebtedness under the Wendy’s Note.
Adjusted Consolidated Total Debt means, as of any date on which the amount thereof is to be determined, the sum (without duplication) of (i) Consolidated Funded Indebtedness as of such date, plus (ii) all Outstandings under the Term Loan Facilities and the Term Loan B Facility as of such date, plus (iii) the aggregate outstanding principal amount of Subordinated Debt as of such date, plus (iv) the aggregate amount as of such date of all amounts advanced to a Borrower as a loan against, or comprising the purchase price on a non-recourse basis for, accounts receivable then outstanding and all amounts issued by a Borrower or special purpose subsidiary thereof and then outstanding under asset-based securitizations, which loans, sales and securitizations are transacted in the ordinary course of business of the Borrowers, and (v) minus the aggregate amount of cash on hand of Consoltex Group and its Subsidiaries most recently reported to each Agent and each Lender in form and substance, and pursuant to internal reporting systems, reasonably acceptable to the Required Lenders.
Adjusted Consolidated Total Debt means, at any time with respect to any Person and its subsidiaries, the total Indebtedness of such Person in respect of borrowed money, Capitalized Lease Obligations and purchase money Indebtedness, minus the amount of unrestricted cash and Cash Equivalents held by such Person and its Subsidiaries (other than cash and Cash Equivalents restricted in favor of the Administrative Agent or the Collateral Agents).
Adjusted Consolidated Total Debt means at any date, without duplication, (i) the aggregate amount of Debt of the Borrower and its Consolidated Subsidiaries (including without limitation the aggregate amount of Debt of Conrail and any of its Subsidiaries which constitutes Debt of the Borrower or any of its Consolidated Subsidiaries pursuant to clause (viii) of the definition of Debt (any such Debt, "Guaranteed Conrail Debt")), determined on a consolidated basis as of such date plus (ii) (x) the aggregate amount of Debt of Conrail and its Consolidated Subsidiaries, determined on a consolidated basis as of such date minus the aggregate amount of Guaranteed Conrail Debt as of such date times (y) 58% minus (iii) prior to the Spin-Off, the aggregate amount of Debt of the Borrower and its Consolidated Subsidiaries owing to PRR, or any Subsidiary of PRR whose business consists solely of managing on behalf of PRR funds received from Borrower or its Consolidated Subsidiaries (including extending such Debt), as of such date.
Adjusted Consolidated Total Debt means, without duplication, all Indebtedness of THI and its Subsidiaries, including current maturities of such Indebtedness, determined on a consolidated basis in accordance with GAAP, but excluding the Indebtedness under the Wendy’s Note.
Adjusted Consolidated Total Debt means, at any time with respect to any Person and its subsidiaries, (a) the total Indebtedness of such Person in respect of borrowed money, Capitalized Lease Obligations and purchase money Indebtedness, minus (b) the amount of unrestricted cash and Cash Equivalents held by such Person and its Subsidiaries (it being understood that cash and Cash Equivalents restricted in favor of the Administrative Agent or any Collateral Agent shall be deemed to be unrestricted); provided that solely for purposes of calculating the Applicable Percentage pertaining to the Extended First-Lien Term Loans and as set forth in the proviso to clause (c) of the definition of “Applicable Percentage”, the excess at any time of any proceeds of the Parent Note or Parent Capital invested, directly or indirectly, in the US Borrower over any amounts used for the PIK Toggle Notes Redemption shall be subtracted from the cash and Cash Equivalents otherwise subject to this clause (b).
Adjusted Consolidated Total Debt means for RRI and its Subsidiaries, "Consolidated Total Debt" as such term is defined in this Article 1 but calculated in respect of RRI and its Subsidiaries on a deconsolidated basis adjusted to remove the impact of the Excluded Entities.