Total Cap definition

Total Cap means, as of any date of determination, the sum of Total Debt plus Consolidated Tangible Net Worth of the Borrower and the Restricted Subsidiaries.

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Total Cap has the meaning set forth in Section 8.10(d).

Total Cap has the meaning specified in Section 2.08(a)(iii).

Examples of Total Cap in a sentence

The Borrower shall not permit, at any time, the ratio of Total Net Debt to Total Cap to be greater than 0.65 to 1.0.
The Exchange Notes will bear interest payable semi-annually, in arrears, at a rate equal to the Total Cap.
Each Lender’s Exchange Notice shall specify the aggregate principal amount of outstanding Loans that such Lender desires to exchange for Exchange Notes pursuant to this Section 2.21, which shall be in a minimum amount of $1,000,000 (and integral multiples of $1,000 in excess thereof) and, subject to the limitations set forth in the Exchange Note Indenture, shall be Exchange Notes bearing interest at the Second Lien Bridge Total Cap.
Such option must be exercised by no later than seven (7) days prior to the “RFA/UFA Signing Period Beginning.” • Cap Advantage Recapture – Total Payment and Total Cap Charge to be calculated based on full season face values for the 2019-20 season, disregarding the impact the pause had on payroll and the cap.
The Borrower shall not permit, at any time, the ratio of Total Debt to Total Cap to be greater than 0.60 to 1.0.

More Definitions of Total Cap

Total Cap shall have the meaning given such term by the Fee Letter.

Total Cap has the meaning set forth in Section 3.07(a).

Total Cap shall have the meaning set forth in the Burgundy Related Letter.

Total Cap means 7.0% per annum.

Total Cap means (x)(i) prior to the date that is nine months following the Effective Date, 1.50% per annum, and (ii) from and after the date that is nine months following the Effective Date, 1.75% per annum, plus (y) the greatest of (i) the yield per annum on the 5.750% Senior Notes Due 2025 (on the basis of the yield to maturity thereof), (ii) the yield per annum on the ▇.▇. ▇▇▇▇▇▇ US Dollar Global High Yield Index minus 1.21% and (iii) 4.875% per annum, in each case as determined by the Administrative Agent using customary market calculations.

Total Cap shall have the meaning set forth in Section 15.3(B).

Total Cap means 10.00% per annum (plus an additional 0.50% per annum if the Indicative Company Rating is less than either Ba3 (with stable or better outlook) from ▇▇▇▇▇’▇ or BB- (with stable or better outlook) from S&P; plus an additional 0.50% per annum on and after the date that is 3 months from the execution date of the Arranger Fee Letter, plus an additional 0.50% per annum on and after the date that is 6 months from the execution date of the Arranger Fee Letter. It is understood that the interest rate on Loans may exceed the Total Cap solely to the extent provided in Section 2.9.