Total Adjusted Outstanding Indebtedness means, for any period, the sum of (i) the amount of Indebtedness of the Consolidated Businesses set forth on the then most recent quarterly financial statements of the Borrower and (ii) the outstanding amount of Minority Holding Indebtedness allocable in accordance with GAAP to any of the Consolidated Businesses as of the time of determination and (iii) the Contingent Obligations of the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, of the Minority Holdings.
Total Adjusted Outstanding Indebtedness means, for any period, the sum of (i) the amount of Indebtedness of the General Partner and the Borrower and the Borrower’s pro rata share of the Indebtedness of the other Consolidated Businesses set forth on the then most recent quarterly financial statements of the Borrower and (ii) the outstanding amount of Minority Holding Indebtedness allocable in accordance with GAAP to any of the Consolidated Businesses as of the time of determination and (iii) the Contingent Obligations of the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, of the Minority Holdings.
Total Adjusted Outstanding Indebtedness means, as at any date, without duplication, the aggregate amount of (i) all Indebtedness and other liabilities of the Consolidated Entities reflected in the financial statements of the Borrower or disclosed in the notes thereto (to the extent the same would constitute a Contingent Obligation), plus (ii) all Indebtedness and other liabilities of all Joint Ventures in which a Consolidated Entity owns a direct or indirect Equity Interest reflected in the financial statements of such Joint Ventures or disclosed in the notes thereto (to the extent the same would constitute a Contingent Obligation) which are otherwise recourse to any Consolidated Entity or any of its assets or that otherwise constitutes Indebtedness of any Consolidated Entity (including any recourse obligations arising as a result of a Consolidated Entity serving as a general partner, directly or indirectly, in such Joint Ventures), plus (iii) all liabilities of the Consolidated Entities with respect to purchase and repurchase obligations, provided that any obligations to acquire fully-constructed Real Property shall not be included in Total Adjusted Outstanding Indebtedness prior to the transfer of title of such Real Property, plus (iv) to the extent not included in clauses (i), (ii) and (iii), any Consolidated Entity’s pro rata share of all Indebtedness, other amounts of the types referred to in such clauses and other liabilities reflected in the financial statements of any Joint Venture in which such Consolidated Entity owns a direct or indirect Equity Interest or disclosed in the notes thereto (to the extent the same would constitute a Contingent Obligation) not otherwise constituting Indebtedness of or recourse to any Consolidated Entity or any of its assets. For purposes of clause (iv), the Consolidated Entities’ pro rata share of all Indebtedness and other liabilities of any Joint Venture in which a Consolidated Entity owns a direct or indirect Equity Interest shall be deemed equal to the product of (a) such Indebtedness or other liabilities, multiplied by (b) the percentage of the total outstanding Equity Interest of such Person held directly or indirectly by any Consolidated Entity, expressed as a decimal. Notwithstanding anything to the contrary in this definition, accounts payable and accrued expenses arising in the ordinary course of business shall not be included in the computation of Indebtedness and other liabilities of the Consolidated Entities or any Joint Venture in which a Con...
Examples of Total Adjusted Outstanding Indebtedness in a sentence
Any Indebtedness incurred and/or assumed in connection with such acquisition shall be added to the calculation of Total Adjusted Outstanding Indebtedness.
For purposes of calculating Debt Yield and Unencumbered Debt Yield only, non-recourse Indebtedness and completion guarantees incurred for the construction of new Projects shall, until such time as the interest expense associated with such financing need no longer be capitalized in accordance with GAAP, be excluded from the calculation of Total Adjusted Outstanding Indebtedness (provided that recourse Indebtedness and repayment guarantees shall be included in such calculation).
As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio (expressed as a percentage) (the "Debt Yield") of (1) Combined EBITDA to (2) Total Adjusted Outstanding Indebtedness (less unrestricted Cash and Cash Equivalents of the Borrower) shall not be less than 13.5%.
For purposes of calculating Unencumbered Debt Yield only, non-recourse Indebtedness and completion guarantees incurred for the construction of new Projects shall, until such time as the interest expense associated with such financing need no longer be capitalized in accordance with GAAP, be excluded from the calculation of Total Adjusted Outstanding Indebtedness (provided that recourse Indebtedness and repayment guarantees shall be included in such calculation).
The Borrower shall maintain “Interest Rate Xxxxxx” (as defined below) on a notional amount of Indebtedness of the Borrower and its Subsidiaries which, when added to the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries which bears interest at a fixed rate, equals or exceeds 60% of the Total Adjusted Outstanding Indebtedness of the Borrower and its Subsidiaries.
More Definitions of Total Adjusted Outstanding Indebtedness
Total Adjusted Outstanding Indebtedness means, for any period, the sum of (i) the amount of Indebtedness (other than Transaction Debt) of the General Partner and the Borrower and the Borrower’s pro rata share of the Indebtedness of the other Consolidated Businesses set forth on the then most recent quarterly financial statements of the Borrower and (ii) the outstanding amount of Minority Holdings Indebtedness allocable in accordance with GAAP to any of the Consolidated Businesses as of the time of determination.
Total Adjusted Outstanding Indebtedness means, for any period, the sum of (i) the amount of Indebtedness of GGP, Inc. and the Consolidated Businesses set forth on the then most recent quarterly financial statements of GGP, Inc. and the Borrower, as applicable, and (ii) the outstanding amount of Minority Holding Indebtedness pro rata allocable to the Borrower and GGP, Inc. as of the time of determination and (iii) without duplication, the Contingent Obligations of GGP, Inc. and the Consolidated Businesses and, to the extent allocable to GGP, Inc. and the Consolidated Businesses in accordance with GAAP, of the Minority Holdings, provided however that for purposes of this calculation only, the term "Indebtedness" shall not include Indebtedness with respect to letters of credit issued to support guaranties of interest or interest and principal, or operating income guaranties or other performance guaranty or completion guaranty obligations; provided, however, that the exclusion for letters of credit issued to support performance guaranty obligations shall not exceed 1.0% of Capitalization Value.
Total Adjusted Outstanding Indebtedness means, for any period, the sum of (i) the amount of Indebtedness of the Consolidated Businesses set forth on the then most recent quarterly financial statements of the Borrower and (ii) the outstanding amount of Minority Holding Indebtedness allocable in accordance with GAAP to any of
Total Adjusted Outstanding Indebtedness means, for any period, the sum (without duplication) of (i) the amount of Indebtedness of the Consolidated Businesses set forth or required to be set forth on the then most recent quarterly financial statements of TMC from the Borrower and its wholly-owned Subsidiaries, (ii) the outstanding amount of Indebtedness of Minority Holdings pro rata allocable to the Borrower as of the time of determination, and (iii) without duplication, the Contingent Obligations (including, subject to clause (1) of the proviso immediately following, the TIF Guarantee) of the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, of the Minority Holdings, provided however that for purposes of this calculation only, the term "Indebtedness" shall not include (1) the TIF Guarantee (provided that the exclusion for the TIF Guarantee shall not exceed 2% of Capitalization Value), (2) (for purposes of avoiding double counting relating to the same underlying obligations) Indebtedness with respect to the letters of credit issued to support guaranties of interest or interest and principal, (3) operating income guaranties or other performance guaranty or completion guaranty obligations, or (4) Contingent Obligations relating to the obligations of any Investment Grade rated, or as otherwise approved by the Lenders, co-venturer.
Total Adjusted Outstanding Indebtedness. Includes: (i) 100% of all outstanding unsecured and secured indebtedness (excluding margin debt on cash and cash equivalent securities) for Vornado and its wholly-owned properties; (ii) Vornado's pro rata shares of debt from joint venture properties; and (iii) Vornado's recourse contingent obligations. Equity Value: Capitalization Value less Total Adjusted Outstanding Indebtedness.
Total Adjusted Outstanding Indebtedness means, for any period, the sum of --------------------------------------- (i) the amount of Indebtedness of the Consolidated Businesses set forth on the then most recent quarterly financial statements of the Credit Party, as applicable, and (ii) the outstanding amount of Minority Holding Indebtedness pro rata allocable to the Credit Party as of the time of determination and (iii) without duplication, the Contingent Obligations of the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, of the Minority Holdings, provided however that for purposes of this calculation only, the term "Indebtedness" shall not include Indebtedness with respect to letters of credit issued to support guaranties of interest or interest and principal, or operating income guaranties or other performance guaranty or completion guaranty obligations; provided, -------- however, that the exclusion for letters of credit issued to support performance ------- guaranty obligations shall not exceed 1.0% of Capitalization Value.
Total Adjusted Outstanding Indebtedness means, for any period, the