Funded Obligations means all Indebtedness created, assumed or guaranteed, which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof;
Funded Obligations means all Debt created, assumed or guaranteed which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof, except Subordinated Debt; provided that, for the purposes of this definition, Preferred Securities shall only be excluded from “Debt” if Preferred Securities are excluded from “Funded Obligations” in the calculation of the “Issue Test” or the equivalent test provided for in the other material Debt instruments of the Borrower.
Funded Obligations means all Indebtedness incurred by an obligor or Indebtedness of others upon which such obligor customarily pays interest charges, other than:
Examples of Funded Obligations in a sentence
Reconciliation of the Present Value of Funded Obligations Present value of funded obligations at beginning of financial year137.0133.4Current service cost6.15.5Interest cost on benefit obligation6.05.7Contributions by plan participants1.61.9Actuarial losses5.20.3Taxes and premiums paid(1.2)(1.5)Transfers in0.1 Accumulation insurance premium met from surplus(1.2) Benefits paid(9.7)(8.3)present value of funded obligations at end of financial year143.9137.0d.
The issuance of the Trust Notes - Series 2017-A shall be subject to compliance with the terms and conditions of the 1970 Indenture relating to the creation, assumption or incurring of Funded Obligations (as such term is defined in the 1970 Indenture).
The issuance of the Trust Notes - Series 2016-A shall be subject to compliance with the terms and conditions of the 1970 Indenture relating to the creation, assumption or incurring of Funded Obligations (as such term is defined in the 1970 Indenture).
Formulaically, CANE/Interest on Funded Obligations >=2.0. Failure to meet this test would limit FEI’s ability to issue long-term debt.119FEI expects the debt financing requirements related to its capital needs for the 2016 to 2018 period could approach $1 billion.
The Company will not incur any Funded Obligations unless the terms and conditions of the Trust Indenture have been complied with.
More Definitions of Funded Obligations
Funded Obligations means any of the following indebtedness or liabilities of Sellers: (a) the aggregate principal amount of, and accrued interest and prepayment penalties, premiums or breakage fees with respect to, all indebtedness for borrowed money; (b) outstanding obligations with respect to capitalized leases; (c) all obligations in respect of outstanding letters of credit, acceptances or similar obligations and any reimbursement agreements with respect thereto; (d) all obligations under interest rate cap agreements, interest rate swap agreements, foreign currency exchange contracts or other hedging contracts (including breakage costs with respect thereto); (e) all obligations that are evidenced by a note, bond, debenture or similar instrument; (f) obligations in respect of any declared but unpaid dividends or distributions; (g) purchase money indebtedness,
Funded Obligations means all Indebtedness created, assumed or guaranteed which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof, except the Non-Recourse Debt, Subordinated Debt and obligations in respect of Preferred Securities.
Funded Obligations means all Indebtedness of the obligor or Indebtedness of others upon which the obligor customarily pays interest charges, other than (a) Indebtedness which is payable on demand and (b) Indebtedness which matures by its terms, or which the obligor has the right at its option to renew or extend to a date, 24 months or less after the date of its incurrence by the obligor or the date on which the obligor commenced to pay interest charges thereon.
Funded Obligations means, as at any date, with respect to the Corporation or a subsidiary, all Indebtedness created, assumed or guaranteed, other than Subordinated Debt and all Indebtedness which matures by its terms
Funded Obligations means, at any time of determination and with respect to any obligations under any Debt Instrument, the aggregate amount owed at such time (whether or not then due) under such Debt Instrument in respect of principal, interest and Premium (to the extent the applicable party is entitled to Premium under such Debt Instrument and calculated as if such Debt Instrument were repaid on the date of the determination of Funded Obligations if the Premium is not otherwise already due thereunder as of such date of determination).
Funded Obligations means, at any time of determination and with respect to any Lender: (i) the aggregate amount payable at such time (whether or not then due) to such Lender under such Credit Facility in respect of principal, interest (determined in accordance with the applicable provisions of any Credit Facility, but only to the extent accrued through the applicable determination date), Breakage Costs and Premium, plus the aggregate amount of such Lender's participation or other interest in all letters of credit outstanding at such time under such Credit Facility plus (ii), with respect to Obligated Party Swap Agreements, all amounts payable thereunder upon the termination or settlement of the transactions thereunder as if such transactions were terminated or settled as of such time.
Funded Obligations means, with respect to any Secured Party, the aggregate amount payable (whether or not then due) to such Secured Party under the Credit Agreement, the Note Purchase Agreements and all notes or other evidences of indebtedness issued pursuant to any of the foregoing in respect of principal, interest, premium, Make-Whole Amount (as defined in the Note Purchase Agreements) or breakage costs (determined in accordance with the applicable provisions of the Credit Agreement, Note Purchase Agreements, such notes or such other evidences of indebtedness), but only to the extent accrued through the applicable determination date and in the case of the Credit Agreement treating as principal the sum of (i) the maximum amount that is, or at any time thereafter may become, available to be drawn under letters of credit then outstanding under the Credit Agreement, assuming compliance with all requirements for drawings referred to in such letters of credit, plus, without duplication of amounts outstanding as loans under the Credit Agreement, and (ii) the aggregate amount of all drawings under letters of credit honored by the issuer thereof but not theretofore reimbursed (such sum being the "LOC Obligations").