Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).
Senior Funded Debt means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of which is subordinated to the payment of the Notes).
Senior Funded Debt means all Total Funded Debt of a Person other than Subordinated Indebtedness.
Examples of Senior Funded Debt in a sentence
Credit Facility covenantsIn addition to the internal capital management measures, Parkland was in compliance with the covenant restrictions with respect to all of its Credit Facility covenants consisting of (i) Senior Funded Debt to Credit Facility EBITDA ratio, (ii) Total Funded Debt to Credit Facility EBITDA ratio, and (iii) Interest coverage ratio (calculated as a ratio of Credit Facility EBITDA to Interest Expense) throughout the years ended December 31, 2023 and 2022.
More Definitions of Senior Funded Debt
Senior Funded Debt means, as of any date of determination, Consolidated Funded Debt other than Subordinated Debt.
Senior Funded Debt means all Funded Debt other than Subordinated Debt.
Senior Funded Debt means, at any time, the Funded Debt of the Borrower on a consolidated basis at such time, excluding Subordinated Debt.
Senior Funded Debt means Funded Debt minus Subordinated Debt.
Senior Funded Debt means the sum of (a) all Indebtedness to Banks, (b) all Indebtedness to financial institutions other than Banks, (c) obligations under Capital Leases, and (d) all obligations of Company and its Subsidiaries under any Guaranty (but excluding the guaranties of real property leases addressed in Section 8.12 and excluding obligations of the Subsidiaries of Company under the Guaranty Agreement).
Senior Funded Debt means indebtedness for borrowed money, for the deferred purchase price of property not purchased on ordinary trade terms, for capitalized leases and for other liabilities evidenced by promissory notes or other instruments, but not including any indebtedness that has been subordinated to the indebtedness evidenced by the Note pursuant to a writing that has been accepted by Bank.
Senior Funded Debt means any Debt of the Company which is classified as long term debt in accordance with GAAP (including, without limitation, the Bank Credit Agreement) other than Subordinated Debt.