Definition of JV Indebtedness


JV Indebtedness means all indebtedness evidenced by the JV Debt Collateral.
Sample 1

Examples of JV Indebtedness in a sentence

The European J.V. will not permit the ratio at the end of any fiscal quarter of (a) Consolidated Net J.V. Indebtedness at such date to (b) Consolidated European J.V. EBITDA for the period of four consecutive fiscal quarters ended at such date, to be greater than 3.00 to 1.00.
For purposes of computing Consolidated Net J.V. Indebtedness, (A) the amount of any synthetic lease financing shall equal the amount that would be capitalized in respect of such lease if it were a Capital Lease Obligation, and (B) Indebtedness owing by GOODYEAR DUNLOP TIRES EUROPE BV or any of its Consolidated Subsidiaries to GOODYEAR or any of its Consolidated Subsidiaries shall be disregarded.
Consolidated Net J.V. Indebtedness will be determined in Euros based upon the Exchange Rate in effect on the last day of the applicable period.
Vote its equity interests in the Laurel Mountain JV to enable the Laurel Mountain JV to, or otherwise permit the Laurel Mountain JV to, incur, assume or otherwise be liable in respect of any Indebtedness (other than Permitted Laurel Mountain JV Indebtedness) at any time outstanding.
The European J.V. will not permit the ratio at the end of any fiscal quarter of (a) Consolidated Net J.V. Indebtedness at such date to (b) Consolidated European J.V. EBITDA for the period of four consecutive fiscal quarters ended at such date, to be greater than 2.75 to 1.00.