CMLTD definition

CMLTD means, for any Person, the current maturities of long-term Debt (inclusive of the term Debt extended under this agreement) plus the current maturities of Capital Leases.

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CMLTD means the current maturity of long term indebtedness other than Revolving Loans to be paid during the next twelve-month period, including but not limited to, amounts required to be paid during such period under Capital Leases.

CMLTD means scheduled maturities of long-term Debt (including Capital Leases) arising for the 12 months following the date of determination.

Examples of CMLTD in a sentence

For purposes of determining the consolidated Fixed Charge Ratio as of any date of determination, each of the items utilized in the formulas set forth in the previous sentence shall be based on the results of the number of fiscal quarters ending on the date of determination set forth below, except for CMLTD which shall be determined as of the most recently completed fiscal quarter for which financial results are available.
Current maturing long-term debt (CMLTD) and current maturing capital lease obligations (CMCLO) shall exclude any balloon payments and the maturity of the Revolving Note.
Fixed Charges: the sum of interest expense (other than payment-in-kind) and CMLTD.
Guarantor agrees to maintain a ratio of Cash Flow (defined as the sum of net income, interest expense and non-cash charges) to Debt Service (defined as the sum of CMLTD and Interest Expense) of not less than 1.2 to 1.0, tested each fiscal quarter for the most recently completed four (4) fiscal quarter period, beginning December 31, 1995.
The Borrower covenants that beginning with its fiscal quarter end next following the date of this Agreement and continuing with each fiscal quarter thereafter, it shall not permit the ratio of its EBITDA, minus taxes paid in cash and Distributions to Interest Expense plus CMLTD to be less than 1.30 to 1.00.

More Definitions of CMLTD

CMLTD means current maturities of long term Indebtedness of the Parent and its Subsidiaries, as determined in accordance with GAAP.

CMLTD means an amount equal to the installments of principal to be paid in respect of all Long Term Debt during the Four-Quarter Period immediately following a relevant Measuring Date.

CMLTD means scheduled principal payments in respect of long-term Liabilities payable during the 12 months following the date of determination.

CMLTD means, as of any date of calculation, the scheduled payments of long term Indebtedness (excluding that portion of the Obligations consisting of Revolving Loans), as determined in accordance with GAAP.

CMLTD means, with respect to the Borrower or any Guarantor, all principal amounts due and payable by the Borrower or such Guarantor during the then-current month and during the following eleven months with respect to Debt of such Person other than accounts payable, accrued expenses and income taxes payable.

CMLTD means scheduled maturities of long-term Indebtedness (including Capital Leases) of the Parent and its Subsidiaries arising for the 12 months following the date of determination, as determined in accordance with GAAP. CMLTD shall not include any balances related to Borrowings under this Agreement.

CMLTD means the current maturity of long term indebtedness paid during the applicable period, including but not limited to, amounts required to be paid during such period under capital leases; "control" shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of any person or entity, whether through the ownership of voting securities, by contract or otherwise; "distributions" shall mean all payment or distributions to shareholders in cash or in property other than reasonable salaries, bonuses and expense reimbursements; "EBITDA" shall mean, for the applicable period, income from continuing operations before the payment of interest and taxes, plus depreciation and amortization, determined in accordance with generally accepted accounting principles; "fixed charges" shall mean interest, plus CMLTD; "indebtedness" shall mean (i) all liabilities for borrowed money, for the deferred purchase price of property or services, and under leases which are or should be, under generally accepted accounting principles, recorded as capital leases, in respect of which a person or entity is directly or indirectly, absolutely or contingently liable as obligor, guarantor, endorser or otherwise, or in respect of which such person or entity otherwise assures a creditor against loss, (ii) all liabilities of the type described in (i) above which are secured by (or for which the holder has an existing right, contingent or otherwise, to be secured by) any lien upon property owned by such person or entity, whether or not such person or entity has assumed or become liable for the payment thereof, and (iii) all other liabilities or obligations which would, in accordance with generally accepted accounting principles, be classified as liabilities of such person or entity; "interest" shall mean, for the applicable period, all interest paid or payable, including, but not limited to, interest paid or payable on indebtedness and on capital leases, determined in accordance with generally accepted accounting principles; "senior indebtedness" shall mean any indebtedness which is not subordinated indebtedness; "subordinated indebtedness" shall mean indebtedness which is expressly stated to be subordinated or junior in right of payment to Borrower's Obligations to Bank in a manner and in a form which is satisfactory to Bank; "tangible capital base" shall mean Borrower's tangible net worth plus its subordinated indebtedness; "tangibl...