Consolidated Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.
Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.
Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date, excluding, in the event of a change in GAAP, leases originally and properly recorded as operating leases under GAAP, which leases will continue to be treated as operating leases, and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include Obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.
Examples of Consolidated Debt for Borrowed Money in a sentence
From and after the Document Closing Date, for so long as any Lease Balance is outstanding, or any Participant shall have any Commitment to make Advances, Parent Guarantor will maintain, as at the end of each fiscal quarter, a ratio of Consolidated Debt for Borrowed Money to Consolidated Total Capital of not greater than 0.60 to 1.00.
More Definitions of Consolidated Debt for Borrowed Money
Consolidated Debt for Borrowed Money has the meaning indicated in subparagraph 3(A) of the Closing Certificate.
Consolidated Debt for Borrowed Money shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.
Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities and, for the avoidance of doubt, shall include Permitted Convertible Indebtedness but shall not include Permitted Bond Hedge Transactions or Permitted Warrant Transactions.
Consolidated Debt for Borrowed Money means at any time (1) the sum, without duplication, of (a) items that, in accordance with GAAP, would be classified as indebtedness on the consolidated balance sheet of NAI and its Subsidiaries and (b) the capitalized portion of any synthetic leases, minus (2) the then aggregate outstanding principal amount of Indebtedness under NAI’s Secured Revolver and under that certain Loan Agreement dated as of March 31, 2006 by and among Network Appliance Global Ltd. and JPMorgan Chase Bank, National Association as initial lender and as administrative agent. (In clause (b) of this definition, “capitalized portion” means, with respect to any synthetic lease, the price for which the lessee can purchase the leased property or could purchase it if the synthetic lease expired on the date of the applicable calculation of the Consolidated Debt for Borrowed Money. Thus, for example, the “capitalized portion” of the transactions governed by the Operative Documents will equal the Lease Balance.)
Consolidated Debt for Borrowed Money means, without duplication, the difference of (a) all Debt for Borrowed Money, excluding any liabilities, obligations and guarantees if owed or guaranteed by a Restricted Subsidiary to another Restricted Subsidiary minus (b) the aggregate amount of unrestricted cash and Cash Equivalents determined without giving pro forma effect to the proceeds of Debt incurred on such date of the Parent Borrower and the other Restricted Subsidiaries on the consolidated balance sheet of the Parent Borrower and the other Restricted Subsidiaries as of such date in excess of $3.0 million but not to exceed $50.0 million.
Consolidated Debt for Borrowed Money means at any date the sum, without duplication, of (x) the aggregate amount of Debt of the types described in clauses (i), (ii) and (iv) of the definition of "Debt" which is Debt of the Issuer and its Restricted Subsidiaries, (y) the aggregate amount of Debt of the type described in clause (vi) of the definition of "Debt" which is non- contingent Debt of the Issuer and its Restricted Subsidiaries and (z) the aggregate amount of Guarantees by the Issuer and its Restricted Subsidiaries with respect to Debt of others of the types described in clauses (i), (ii) and (iv) of the definition of Debt and non-contingent Debt of others of the type described in clause (vi) of the definition of Debt, all determined on a consolidated basis as of such date after excluding accrued interest for the then current period not yet due and payable.
Consolidated Debt for Borrowed Money means, as at any date of determination for Holdings and its Subsidiaries on a consolidated basis, all items of Debt that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of Holdings and its Subsidiaries. For the avoidance of doubt, notwithstanding the foregoing, Consolidated Debt for Borrowed Money does not include obligations under Hedge Agreements or any Debt, or direct or indirect guaranties of or security for Debt, of the type described in clause (f) of the definition of such term, except to the extent of any unreimbursed drawings thereunder.