Fixed Debt definition

Fixed Debt means any indebtedness or accrued liability of the Company which is not contingent or undetermined. For purposes of Section 6.05(b), Fixed Debt shall include the Carried Fee which shall be determined based on the hypothetical liquidation of all assets of the Company and payment of all liabilities of the Company pursuant to Section 6.05(b) and distribution of amounts so obtained to the Members.
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Fixed Debt means Indebtedness incurred under Section 9.2(g) or 9.2(r).
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Examples of Fixed Debt in a sentence

  • The Borrower shall maintain a Fixed Debt Service Ratio (as defined in the Bank’s policies), if applicable, and also comply with other norms in accordance with the Bank’s policies.

  • The Borrower shall maintain a Fixed Debt Service Ratio (as defined in the Bank’s policies) and also comply with other norms in accordance with the Bank’s policies.

  • Notwithstanding the foregoing, to the extent any funds credited to the Asset Sale Reserve Account constitute Net Proceeds of a Fixed Debt Priority Collateral Prepayment Event, the application of such proceeds shall be subject to Section 5.6(c).

  • No issue or issues have been raised in connection with any prior or pending review or audit of said Returns which Seller reasonably believe may be expected to be raised in the future by such taxing authorities in connection with the audit or review of the Returns of the Seller.

  • The pro forma financial projections dated as of October 7, 1997 titled "$25MM Fixed Debt, $50MM Total Debt, Arcadia at 10% RoR 10% Drilling" and previously delivered to you by the Company are reasonable based on the assumptions stated therein and the best information available to the officers of the Company other than with respect to the assumptions regarding the acquisition of assets of Arcadia.