Adjusted Funded Debt means, with respect to any Person on any date of determination, the result of (a) the Funded Debt of such Person on such date, minus (b) all Qualified Cash of such Person on such date.
Adjusted Funded Debt means, as of any date of determination, the sum of (a) Funded Debt as of such date, minus (b) unrestricted Cash on Hand as of such date.
Adjusted Funded Debt means (a) Funded Debt plus (b) 8 times lease and rental expense for the four (4) fiscal quarterly periods ending as of the date upon which the Leverage Ratio is then being calculated.
Examples of Adjusted Funded Debt in a sentence
As of the end of each fiscal quarter, permit the ratio of Consolidated Adjusted Funded Debt on such date to Consolidated EBITDAR for the Measurement Period ending on such date to exceed 4.00 to 1.00.
As at the end of each fiscal quarter of the Borrower, the Borrower will not permit the ratio of (a) Consolidated Adjusted Funded Debt as at such date to (b) the sum of (i) Consolidated Adjusted Funded Debt as at such date plus (ii) Stockholders’ Equity as of such date, to be greater than 0.75 to 1.
As of any date of determination, the ratio of (a) Consolidated Adjusted Funded Debt as of such date to (b) Consolidated Adjusted Cash Flow for the period of the four fiscal quarters most recently ended for which the Company has delivered financial statements.
XL Capital will not permit its ratio of (i) Total Adjusted Funded Debt to (ii) the sum of Total Adjusted Funded Debt plus Consolidated Net Worth to be greater than 0.35 at any time.
The Tranche B, line of credit and Term Loan #2 all accrue interest at a tiered rate based on our Adjusted Funded Debt to EBITDA ratio which is payable monthly.
More Definitions of Adjusted Funded Debt
Adjusted Funded Debt means and include the sum (without duplication) of the following, at any date, for the Borrower and its Consolidated Subsidiaries on a consolidated basis: (i) Total Funded Debt; plus (ii) the present value (discounted at ten percent (10%) per annum) of the minimum amount of noncancellable operating lease payments owing by Borrower and such Subsidiaries at such date (excluding, however, for this purpose, any such lease payments owing under the DR Holdings Lease); plus (iii) the present value (discounted at ten percent (10%) per annum) of the total payments of "Rent" owing by the Borrower under the DR Holdings Lease for the entire remaining "Lease Term" (inclusive of the original term and all renewal terms, whether or not then effective), with the terms "Rent" and "Lease Term" as used hereinabove having the meanings given to such terms in the DR Holdings Lease; plus (iv) all Redeemable Preferred Stock.
Adjusted Funded Debt means all Indebtedness of the Company and its Subsidiaries determined on a consolidated basis, other than (a) Indebtedness of the type described in clause (c) of the definition of "Indebtedness", (b) contingent obligations under letters of credit, (c) Ordinary Course Indebtedness, and (d) Indebtedness in respect of banker's acceptances.
Adjusted Funded Debt means with respect to Holdings, without duplication, all Indebtedness for borrowed money evidenced by notes, bonds, debentures, or similar evidences of Indebtedness that by its terms matures more than one year from the date of creation thereof, or is directly or indirectly renewable or extendible at Holdings' option under a revolving credit or similar agreement obligating the lender or lenders to extend credit over a period of more than one year from the date of creation thereof, and specifically including Capital Lease Obligations, current maturities of long-term debt, and also including Guaranteed Indebtedness consisting of guaranties of Adjusted Funded Debt of other Person and Letter of Credit Obligations plus outstanding preferred Stock of Holdings which by its terms (or by the terms of any security which is convertible into it or exchangeable for it) or upon the happening of an event: (i) entitled its holder to a dividend payable in cash or (ii) matures or is mandatorily redeemable in whole or in part pursuant to a sinking funds obligation or otherwise or is redeemable at the option of its holder, in whole or in part, on or prior to the Termination Date less any unrestricted cash on hand of Holdings and its Subsidiaries. For purposes of this definition, the following Indebtedness shall be excluded: (1) the Indebtedness of any other Person prior to the date it became a Subsidiary of, or was merged into, Holdings or any Subsidiary of Holdings; and (2) the Indebtedness of any other Person (other than a Subsidiary) in which Holdings has an ownership interest.
Adjusted Funded Debt means the sum of (i) "Funded Debt" (defined below) plus (ii) the product of (A) 8 multiplied by (B) lease expense for the preceding four (4)
Adjusted Funded Debt means, for any applicable Person as of an applicable date, Funded Debt less Long-Term Unfunded Pension Liability.
Adjusted Funded Debt means (a) all Funded Debt excluding (i) Subordinated Debt, (ii) Debt consisting of Floor Plan Financing, and (iii) Funded Debt of LRE which is secured primarily by real estate owned by LRE (“Real Estate Debt”), plus (b) at any time during which a Current Assets Election is in effect, the Current Assets Commitment Amount.
Adjusted Funded Debt means, as of each date of determination, the sum without duplication of, (a) the aggregate principal amount of all Indebtedness of Parent and its Subsidiaries for borrowed money (including debt securities issued and outstanding) on that date, plus (b) the aggregate amount of the principal portion of all Capital Lease Obligations of Parent and its Subsidiaries on that date, plus (c) the aggregate amount available for drawing under all outstanding letters of credit on that date for which Parent or any of its Subsidiaries are the account party, plus (d) the aggregate amount of the principal portion of the Indebtedness of any other Person on that date subject to a Guaranty Obligation issued by Parent or any of its Subsidiaries plus (e) the aggregate amount of all Guaranty Obligations which are not guarantees of Indebtedness that have been quantified and reflected on the balance sheet of Parent and its Subsidiaries as of that date; provided, however, that Adjusted Funded Debt shall not include (i) the obligations of a Person under an operating lease (as such term is defined in accordance with GAAP) or (ii) obligations under Support Agreements unless and until the amount thereof has been quantified and reflected in the consolidated balance sheet of Parent.