Long-Term Debt definition

Long-Term Debt means debt repayable over a period exceeding one year;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Long-Term Debt means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

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

• The Borrower shall have obtained Senior Unsecured Long-Term Debt Ratings from each of ▇▇▇▇▇’▇ and S&P.

• If Ratings are unavailable from both S&P or ▇▇▇▇▇'▇ for any reason for any day, then the applicable Level for purposes of calculating the facility fee for such day shall be deemed to be ▇▇▇▇▇ ▇ (or, if the Majority Lenders consent in writing, such other Level as may be reasonably determined by the Majority Lenders from a rating with respect to Long-Term Debt or the Corporation for such day established by another rating agency reasonably acceptable to the Majority Lenders).

• No condition of default exists under this Agreement or under any other agreement entered in connection with any Short-Term Debt or Long-Term Debt.

• The OLLC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in the Long-Term Debt, and the SPV hereby assumes full and primary responsibility for the repayment of the Long Term Debt, as between itself and the OLLC and subsidiary of the OLLC that is a guarantor of the Long Term Debt.

• For purposes of this Agreement average ROIC shall be computed as Net Income divided by the sum of Short-Term Debt plus Long-Term Debt plus Shareholder’s Equity, averaged over the three fiscal years in the Performance Period.

More Definitions of Long-Term Debt

Long-Term Debt means Debt that by its terms matures on a date more than 12 months after the date it was created or Debt that the obligor may extend or renew without the obligee’s consent to a date more than 12 months after the Debt was created.

Long-Term Debt means senior, unsecured, long-term-debt securities of the Company.

Long-Term Debt means any Debt that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

Long-Term Debt. – means debt which is repayable over a period exceeding 12 months;

Long-Term Debt means indebtedness that matures more than one year after the date of determination thereof.

Long-Term Debt means Debt which matures more than one year from the date it is incurred, or which can be extended at the option of the obligor(s) to a date more than one year from the date it is incurred.

Long-Term Debt. ’ shall mean the total of all amounts included in the long-term debt of the Borrower pursuant to RUS Accounting Requirements.