Contractual Debt definition

Contractual Debt means all indebtedness and other obligations for borrowed money (including, without limitation, Subordinated Debt) or the deferred purchase price of goods or services, including, without limitation, obligations under capital leases. Contractual Debt excludes the unfunded portion, if any, from time to time under the Facility, but includes the unfunded portion, if any, from time to time under any other credit agreement.
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Examples of Contractual Debt in a sentence

  • Borrower's Operating Cash Flow/Actual for the consecutive 3 month period ended as of September 30, 2002, the consecutive 6 month period ended as of December 31, 2002 and the consecutive 9 month period ended as of March 31, 2003 must be at least 0.8, 1.0 and 1.1 times, respectively, the amount necessary to meet Borrower's Total Contractual Debt Service for the applicable period, calculated on a consolidated basis.

  • FINOVA hereby waives Borrower's duty to comply with the minimum ratio of Operating Cash Flow/Actual to Total Contractual Debt Service set forth in Section 6.18 of the Loan Agreement for the fiscal year ended March 31, 2001 and the fiscal quarter ended June 30, 2001.

  • FINOVA hereby waives Borrower's duty to comply with the minimum ratio of Operating Cash Flow/Actual to Total Contractual Debt Service set forth in Section 6.18 of the Loan Agreement for the fiscal quarter ended September 30, 2001.

  • Borrower shall maintain ------------------------------------- after the Closing Date an Operating Cash Flow of at least (a) One Hundred Five percent (105%) of the Total Contractual Debt Service through December 31, 1995, and (b) thereafter One Hundred Ten percent (110%).

  • Borrower shall maintain -------------------------------------- after the Closing Date an Operating Cash Flow of at least One Hundred Fifty percent (150%) of Contractual Debt Service.

  • Borrower's Operating Cash Flow/Actual for the consecutive 3 month period ended as of September 30, 2002, the consecutive 6 month period ended as of December 31, 2002 and the consecutive 9 month period ended as of March 31, 2003 must be at least 3.0, 3.5 and 4.0 times, respectively, the amount necessary to meet Borrower's Senior Contractual Debt Service for the applicable period, calculated on a consolidated basis.

  • FINOVA hereby waives Borrower's duty to comply with the minimum ratio of Operating Cash Flow/Actual to Total Contractual Debt Service set forth in Section 6.18 of the Loan Agreement for the nine month period ended March 31, 2002 and the twelve month period ended June 30, 2002.

  • Borrower and Company shall ------------------------------------- maintain after the Closing Date an Operating Cash Flow on a combined basis of at least (a) One Hundred Five percent (105%) of the Total Contractual Debt Service through December 31, 1995, and (b) thereafter One Hundred Ten percent (110%).

  • At all times, the Debt Service Coverage Ratio shall not be permitted to drop below 5.0 to 1.0. The term “Debt Service Coverage Ratio” means EBITDA divided by Contractual Debt Service, calculated on each calendar quarter afterward based on an aggregate four quarter rolling basis.

  • Operating Cash Flow/Actual must be at least 1.28 times the amount necessary to meet Total Contractual Debt Service at all times throughout the term of the Loan.