Consolidated Priority Debt means all Priority Debt of the Company and its subsidiaries determined on a consolidated basis eliminating inter-company items.
Consolidated Priority Debt means at any time the sum of:
Consolidated Priority Debt means, without duplication, all Priority Debt of the Fund and its consolidated Subsidiaries determined on a consolidated basis after eliminating inter-company items.
Examples of Consolidated Priority Debt in a sentence
Covenants: Consolidated Priority Debt: The Company covenants that so long as any of the Notes are outstanding that it will not permit Consolidated Priority Debt to exceed 10% of Consolidated Tangible Net Assets for a period in excess of five consecutive Business Days.
More Definitions of Consolidated Priority Debt
Consolidated Priority Debt means all Priority Debt of the Company and its Subsidiaries determined on a consolidated basis eliminating inter‑company items; provided that there shall be excluded from any calculation of Consolidated Priority Debt, without duplication (a) Debt of a Subsidiary Guarantor (other than Debt of a Subsidiary Guarantor secured by a Lien created or incurred within the limitations of Section 10.4), for so long as the Subsidiary Guaranty of such Subsidiary Guarantor shall each remain in full force and effect and (b) Debt of the Company or any Subsidiary secured by Liens incurred pursuant to the second proviso clause of Section 10.4(h).
Consolidated Priority Debt means, on a Consolidated basis on any date of determination, the sum (without duplication) of:
Consolidated Priority Debt means, at any date of determination, the sum, without duplication, of (1) the aggregate outstanding Secured Indebtedness of the Obligor Group and (2) the aggregate outstanding Indebtedness for borrowed money of the Restricted Subsidiaries that are not Guarantors.
Consolidated Priority Debt means, on any date, Consolidated Debt of the Borrower on such date after deducting, without duplication, the amount of any Indebtedness otherwise included in Consolidated Debt of the Borrower consisting of (i) unsecured Indebtedness of the Borrower that is not Guaranteed by any Subsidiary of the Borrower (other than Guarantees by Guarantors constituting Subordinated Indebtedness), (ii) Subordinated Indebtedness of any Guarantor and (iii) Excluded QCF Indebtedness.
Consolidated Priority Debt means all Priority Debt of the Company and its Subsidiaries determined on a consolidated basis eliminating inter-company items; provided that there shall be excluded from any calculation of Consolidated Priority Debt, without duplication, (a) Total Funded Debt of a Company Guarantor Subsidiary (other than Total Funded Debt of a Designated Subsidiary secured by a Lien created or incurred within the limitations of Section 6.1), (b) Total Funded Debt of the Company or any Subsidiary secured by Liens granted to secure other senior Total Funded Debt on a pari passu basis with the Obligations and (c) the Obligations of any Designated Subsidiary.
Consolidated Priority Debt means, as of any date of determination and without duplication, Indebtedness of the Guarantor and its Subsidiaries calculated on a consolidated basis in accordance with GAAP on such date that is (i) secured by a Lien on any assets or property of the Guarantor and/or any Subsidiary of the Guarantor and/or (ii) incurred, assumed or guaranteed by a Subsidiary of the Guarantor that does not guarantee the Obligations on terms and conditions substantially consistent with this Guaranty (as reasonably determined by the Lead Investor).
Consolidated Priority Debt means at any date, Consolidated Total Debt at such date that is secured by a Lien on any Collateral (other than Indebtedness that is secured only by Liens on Collateral that are pari passu or junior to the Liens on such Collateral securing the Initial Term Loans).