Aggregate Secured Debt definition

Aggregate Secured Debt means, as of the date of determination, the aggregate principal amount of indebtedness in respect of borrowed money of the Company and the Subsidiary Guarantors represented by notes, bonds, debentures or other similar evidences of indebtedness, secured by Liens on Principal Property (other than Liens pursuant to clauses (1) through (12) of the definition of Permitted Post-Release Liens).

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Aggregate Secured Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Company and the Guarantors secured by Liens on any property or assets of the Company or any of the Guarantors (other than Permitted Post-Release Liens) in the amount that would be reflected on a balance sheet prepared at such time on a consolidated basis in accordance with GAAP; provided that (i) Aggregate Secured Debt will include only the amount of payments that the Company or any of the Guarantors is required to make, on the date Aggregate Secured Debt is being determined, as a result of any early termination or similar event on such date of determination and (ii) for the avoidance of doubt, Aggregate Secured Debt will not include the undrawn amount of any outstanding letters of credit.

Aggregate Secured Debt means, as of the date of determination, the sum of (1) the aggregate principal amount of Indebtedness of the Issuer and the Guarantors secured by Liens (other than Permitted Post-Release Liens) that is not permitted by subsection (b) of Section 4.08 and (2) the Attributable Indebtedness of the Issuer and the Guarantors in respect of Sale and Lease-Back Transactions entered into after the occurrence of a Release Event pursuant to subsection (b) of Section 4.13.

Examples of Aggregate Secured Debt in a sentence

• Notwithstanding the immediately preceding paragraph, following the occurrence of a Release Event, the Company and the Guarantors may, without equally and ratably securing the Notes, create, incur, assume or suffer to exist any Lien which would otherwise be prohibited by such paragraph if, after giving effect thereto and at the time of determination, Aggregate Secured Debt does not exceed at any one time outstanding the greater of (x) $1,250 million and (y) 15.0% of Consolidated Net Tangible Assets.

• Section 10.1. Transactions with Affiliates 30 Section 10.2. Maximum Aggregate Debt Limit 31 Section 10.3. Maximum Aggregate Secured Debt Limit 31 Section 10.4. Minimum Interest Coverage 31 Section 10.5. Minimum Unsecured Debt Ratio 31 Section 10.6. Minimum Unsecured Debt Yield 31 Section 10.7. Minimum Net Worth 32 Section 10.8. Maximum Quarterly Dividends 32 Section 10.9. Mergers, Consolidations, Etc.

More Definitions of Aggregate Secured Debt

Aggregate Secured Debt means, at any time, the aggregate amount of Secured Debt.

Aggregate Secured Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Company and the Guarantors secured by Liens (other than Permitted Post-Release Liens).

Aggregate Secured Debt means, as of the date of determination, the sum of (1) the aggregate principal amount of Indebtedness of the Issuer and the Guarantors secured by Liens (other than Permitted Post-Release Liens) that is not permitted by subsection (b) of Section 4.07 and (2) the Attributable Indebtedness of the Issuer and the Guarantors in respect of Sale and Lease- Back Transactions entered into after the occurrence of a Release Event pursuant to subsection (b) of Section 4.08.