Balance Sheet Indebtedness definition

Balance Sheet Indebtedness means with respect to any Person and assuming such Person is required to prepare financial statements in accordance with GAAP, without duplication, the Indebtedness of such Person which would be required to be included on the liabilities side of the balance sheet of such Person in accordance with GAAP. Notwithstanding the foregoing, Balance Sheet Indebtedness shall include current liabilities and all guarantees of Indebtedness of any Person.

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Balance Sheet Indebtedness means with respect to any Person and assuming such Person is required to prepare financial statements in accordance with GAAP, without duplication, the Indebtedness of such Person which would be required to be included on the liabilities side of the balance sheet of such Person in accordance with GAAP excluding, in the case of Borrower or General Partner, the Balance Sheet Indebtedness of any Consolidated Subsidiary. Notwithstanding the foregoing, Balance Sheet Indebtedness shall include current liabilities and all guarantees of Indebtedness of any Person.

Balance Sheet Indebtedness means with respect to any Person and assuming such Person is required to prepare financial statements in accordance with GAAP, without duplication, the Indebtedness of such Person which would be required to be included on the liabilities side of the balance sheet of such Person in accordance with GAAP. Notwithstanding the foregoing, Balance Sheet Indebtedness shall include current liabilities and all guarantees of Indebtedness of any Person, but shall exclude all accounts payable, accrued interest and expenses, prepaid rents, security deposits, and other miscellaneous liabilities included under “other liabilities” as shown on Borrower’s consolidated balance sheet, and dividend and distributions declared but not yet paid.

Examples of Balance Sheet Indebtedness in a sentence

• Parent shall not, and shall not permit any of its Subsidiaries to, create, incur, suffer to exist or assume (i) any Lien to secure Balance Sheet Indebtedness of a Bison Subsidiary or (ii) any other Lien on any of the material assets of the Business.

• On or after the Permitted Capital Obligations Effective Date, the Borrower will not permit the ratio of (a) Total Senior Balance Sheet Indebtedness as of the last day of any fiscal quarter to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending with such fiscal quarter, to exceed 2.00 to 1.00.

• Subject to Section 2.4(e), if Working Capital plus Balance Sheet Indebtedness on the Closing Date is more than negative one hundred eight million nine hundred thousand dollars ($-108,900,000), the difference between Working Capital plus Balance Sheet Indebtedness and negative $108,900,000 shall be paid by C&A Products to Parent.

• For purposes of illustration only, attached hereto as Exhibit B is a representative calculation of the Closing Working Capital and the calculation of Cash and Balance Sheet Indebtedness, in each case, assuming a Closing Date of August 31, 2013.

• For the purposes of calculating the purchase price adjustment set forth in this section, Balance Sheet Indebtedness shall be deemed to be a negative number.

More Definitions of Balance Sheet Indebtedness

Balance Sheet Indebtedness means Indebtedness of the type referenced in clauses (a), (b) and (c) of the definition thereof (excluding any Indebtedness related to the financing transactions specified in Section 5.21(a)) plus accrued interest on said Indebtedness in each case determined in accordance with GAAP.

Balance Sheet Indebtedness means all Indebtedness of the Target Companies solely to the extent of the type referred to in clause (a), (b), (d), or (e) (in the case of clause (e) of the definition of Indebtedness solely to the extent drawn or funded by the issuer or provider thereof and not reimbursed) of the definition thereof that is outstanding as of 11:59 p.m. on the day immediately preceding the Closing Date (but without giving effect to the Contemplated Transactions). For the avoidance of doubt, Balance Sheet Indebtedness shall exclude any Indebtedness incurred under any financing or refinancing arrangements entered into at any time by any of the Buyer Parties or any other transaction entered into by any of the Buyer Parties in connection with the Contemplated Transactions (including with respect to any of the Target Companies).

Balance Sheet Indebtedness means with respect to any Person and assuming such Person is required to prepare financial statements in accordance with GAAP, without duplication, the Indebtedness of such

Balance Sheet Indebtedness means with respect to any Person and assuming such Person is required to prepare financial statements in accordance with

Balance Sheet Indebtedness means Indebtedness that is reflected on the face of the Consolidated balance sheet of the Company and the Restricted Subsidiaries.

Balance Sheet Indebtedness means, at any time, the aggregate amount of Indebtedness (including, without limitation, the outstanding principal amount of all Loans, all Capitalized Lease Obligations and all purchase money Indebtedness) of the Canadian Parent and its Subsidiaries (determined on a consolidated basis) that would be reflected on a balance sheet prepared in accordance with GAAP.

Balance Sheet Indebtedness means with respect to any Person and