Long-Term Debt means payment obligations of indebtedness which mature more than twelve months from the date of determination, or mature within twelve months from such date but are renewable or extendible at the option of the debtor to a date more than twelve months from the date of determination.
Examples of Long-Term Debt in a sentence
Long term debt interest expense and related financing costs increased as the average amount of debt outstanding during the current quarter was higher compared to the quarter ended December 31, 2016.
More Definitions of Long-Term Debt
Long-Term Debt. ’ means, as of any date, the total notes, bonds, deben- tures, equipment obligations and other evidence of indebtedness that would be included in long term debt in accord- ance with GAAP. You must include any guarantee or other liability for the debt of any other Person not otherwise included on the balance sheet.
Long-Term Debt means any note, bond, debenture or other similar evidence of indebtedness of money borrowed having a maturity of more than one year from the date such evidence of indebtedness was incurred or having a maturity of less than one year but by its terms being renewable or extendible, at the option of the borrower beyond one year from the date such evidence on indebtedness was incurred.
Long-Term Debt means at any date any Consolidated Debt which matures (or the maturity of which may at the option of the Borrower or any Consolidated Subsidiary be extended such that it matures) more than one year after such date.
Long-Term Debt. ’ shall mean the total of all amounts included in the long-term debt of the Borrower pursuant to RUS Accounting Requirements.