Adjusted Senior Debt means, as of any date, the sum (without duplication) of each of the following on such date: (a) all Senior Debt plus (b) all Financial Contract Liabilities, plus (c) all Secured Liabilities, plus (d) all Segregated Liabilities.
Adjusted Senior Debt means, as of any date of determination, the result of:
Adjusted Senior Debt at any date, means (i) the outstanding principal amount of Bank Loans plus (ii) Capitalized Lease Obligations.
Examples of Adjusted Senior Debt in a sentence
As used herein, 'Leverage Ratio' means, as at any date when same is to be determined, the ratio of (x) the outstanding consolidated Adjusted Senior Debt of the Borrower and its Subsidiaries to (y) the Borrower's consolidated Capital Base at such date.
The Borrower Entities, on a consolidated basis, shall maintain an Adjusted Senior Debt Service Coverage Ratio of not less than 1.05:1.00 as of the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2014.
Permit the ratio of Adjusted Senior Debt to Tangible Net Worth, each as of any Fiscal Quarter ending on or after March 31, 2000, to be greater than 1.30: 1.00.
As used herein, "Leverage Ratio" means, as at any date when same is to be determined, the ratio of (x) the Adjusted Senior Debt of the Borrower and/or its Subsidiaries then outstanding to (y) the Borrower's then consolidated Capital Base.
Adjusted Senior Debt to Annualized Consolidated EBITDAR (divide line 1(c) by line 2) $___________ ANNUALIZED JOINT VENTURE EBITDAR (SECTION 6.11 OF THE Not greater than: LESSEE CREDIT AGREEMENT) 20% of Annualized Consolidated EBITDAR 1.
More Definitions of Adjusted Senior Debt
Adjusted Senior Debt means, with respect to any Fund as of any date, the sum of each of the following (without duplication) on such date: (a) Senior Debt of such Fund, plus (b) the net liabilities (excluding Ordinary Liabilities), if any, of such Fund under all Hedging Agreements determined on a xxxx-to-market basis, plus (c) all Secured Liabilities of such Fund, plus (d) all Segregated Liabilities of such Fund, except (but only to the extent both constituting a part of Segregated Liabilities of such Fund and included in (b) above) the net liabilities (excluding Ordinary Liabilities), if any, of such Fund under all Hedging Agreements determined on a xxxx-to-market basis.
Adjusted Senior Debt means, with respect to any person as of any date of determination, the total Funded Debt of such person as of such date minus the Subordinated Indebtedness of such person, and shall include earn-outs which would be payable in cash based upon such person's operating performance as at such date of determination. Earn-out liabilities with respect to the current 12-month period being measured shall be calculated by annualizing year-to-date EBITDA (or, if not determined by reference to EBITDA, a similar performance methodology) performance assuming EBITDA ( or similar performance methodology) performance for the remaining months of the twelve month period being measured will be identical to the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter (e.g., if there are four months remaining in the 12-month period and the EBITDA performance was $300,000 in the most recently ended quarter, the estimated EBITDA for the remaining four months would be $400,000). Earn-out liabilities with respect to subsequent 12-month periods shall be calculated by multiplying the EBITDA (or similar performance methodology) performance of the most recently ended fiscal quarter by 4, and discounting such payments by a factor of 8% in order to determine the present value thereof.
Adjusted Senior Debt. As of any date, the sum of (a) all indebtedness, including the current portion thereof, other than subordinated indebtedness plus (b) the product of rental expense for the four preceding fiscal quarters multiplied by eight.
Adjusted Senior Debt. Cash Flow Ratio. The covenant set forth in Section 7.1(d) of the Current Credit Agreement is amended to replace the table set forth therein with the following table: Period Ratio ------ ----- 4/1/99 through 6/30/99 7.50 7/1/99 through 12/30/99 8.10 12/31/99 through 3/30/00 7.50 3/31/00 through 12/30/00 6.15 12/31/00 through 9/29/01 6.00 9/30/01 through 9/29/02 5.50 9/30/02 through 9/29/03 5.00 9/30/03 through 9/29/04 4.25 9/30/04 and thereafter 4.00
Adjusted Senior Debt means, as of any date of determination, Senior Debt as of that date minus (to the extent included in Senior Debt, and without duplication) Non- Recourse Debt as of that date plus Subordinated Obligations with a maturity date of one year or less from such date of determination.
Adjusted Senior Debt. As determined at any time, all Indebtedness of the Borrower and/or any Subsidiary of the Borrower then outstanding, other than (i) any such Indebtedness which constitutes Subordinated Debt, and (ii) any such Indebtedness which constitutes Deferred Revenue.
Adjusted Senior Debt means the sum (without duplication) of (a) Senior Securities Representing Indebtedness of the Borrower plus (b) net liabilities of the Borrower under all Swap Contracts determined on a xxxx-to-market basis plus (c) all Secured Liabilities of the Borrower plus (d) all Segregated Liabilities of the Borrower. "Adjusted Total Assets" means (a) Total Assets minus (b) Ordinary Liabilities of the Borrower minus (c) the excess, if any, of (i) the value of all assets of the Borrower that are subject to a lien (other than any Lien permitted by Section 7.01(c), or (d)) that are segregated or that are on deposit to satisfy margin requirements over (ii) the sum of all Secured Liabilities of the Borrower and all Segregated Liabilities of the Borrower. "Administrative Agent" means State Street Bank in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. "Administrative Agent's Office" means the Administrative Agent's address and, as appropriate, account as set forth on Schedule 10.02 or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.