Principal Debt Payments definition
Principal Debt Payments for any period, the sum of all scheduled payments of principal amounts of Indebtedness of the Borrower and its Subsidiaries, on a consolidated basis, during such period.
Principal Debt Payments for any period, the sum of all scheduled payments of principal amounts of Indebtedness of the Company and its Subsidiaries, on a consolidated basis, during such period.
Examples of Principal Debt Payments in a sentence
Permit for any period of four consecutive fiscal quarters, commencing with the first fiscal quarter ending after the Closing Date, the ratio of (i) Consolidated EBITDA for such period minus Principal Debt Payments minus Capital Expenditures made during such period minus management fees payable by the Company to HoldCo as permitted by clause (e) of Section 13.10 to (ii) Consolidated Cash Interest Expense (such ratio for any such period, the “Fixed Charge Coverage Ratio”) to be less than 1.1 to 1.0.