Total Senior Debt definition

Total Senior Debt at any time shall mean the Total Debt at such time less the aggregate amount outstanding of Senior Subordinated Notes.
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Total Senior Debt means, at any date, Total Debt of Borrower and its Consolidated Subsidiaries minus the then outstanding principal balance of the Subordinated Debt.
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Total Senior Debt all (a) Debt of Holdings and its Subsidiaries, determined on a consolidated basis in accordance with GAAP (excluding (u) contingent obligations in respect of Contingent Liabilities (except to the extent constituting (1) Contingent Liabilities in respect of Debt of a Person other than any Loan Party, or (2) Contingent Liabilities in respect of undrawn letters of credit), (v) Debt of any Borrower to any other Loan Party and Debt of any Subsidiary to any Borrower or to any other Subsidiary, (w) any Debt that is unsecured or contractually subordinated to the Obligations in form and substance reasonably satisfactory to the Administrative Agent, (x) obligations with respect to earn-out payments for Permitted Acquisitions until due and payable, and (y) obligations for any leased real property to the extent unsecured and not constituting debt for borrowed money) minus (b) unrestricted cash and Cash Equivalent Investments of Holdings and its Subsidiaries in deposit accounts subject to Control Agreements in favor of the Acquisition Term Agent and the Administrative Agent not to exceed $1,000,000 (but excluding, for the avoidance of doubt, the cash proceeds of any Term B , Term D Loan Agreement or any Incremental Facilities (as each term is defined in the Acquisition Term Loan Agreement)) as of any applicable date of determination; provided, that for all purposes of calculating the Senior Net Leverage Ratio under the Loan Documents, the amount of outstanding Revolving Credit Loans for purposes of clause (a) above shall be calculated by taking the average of such outstanding Revolving Credit Loans at the end of each business day for the trailing ninety (90) day period (or, if prior to the date that is ninety (90) days following the Closing Date, the period from the First Amendment Effective Date to the date the Senior Net Leverage Ratio is being tested) (the averaging of such outstanding revolving loans, the “Revolver Averaging Mechanic”).
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Examples of Total Senior Debt in a sentence

  • For Loans that were not included within the CAP IQ File or the Principal Amount in Q3 2018 HTGC Financial Statements and where the Funding Date in the Data Tape contained a date subsequent to September 1, 2018, we agreed the value in the Total Senior Debt field to the amounts specified in Due Diligence Memorandum.

  • For Loans that were included within the CapIQ file, we agreed the Total Sr Debt (in $mm) field to the Total Senior Debt field within the Data Tape.

  • To derive the numerator or the debt portion of the "LTV" formula, we utilized amount contained within the Total Senior Debt field in the Data Tape.

  • The Second Amended and Restated Loan Agreement requires the payment of any unused commitment fee of (i) .6% per annum at all times that Total Senior Debt to Trailing Twelve Month EBITDA ratio is greater than or equal to 2.00; (ii) .5% per annum at all times that Total Senior Debt to Trailing Twelve Month EBITDA ratio is greater than 1.00 and less than 2.00; and (iii) .4% per annum at all times that Total Senior Debt to Trailing Twelve Month EBITDA ratio is less than 1.00.

  • Total Senior Debt, Total Senior Net Debt, Total Group Debt and Total Group Net Debt includes £60.4 million lease liability.


More Definitions of Total Senior Debt

Total Senior Debt means all Senior Debt of the Company and its Subsidiaries, determined on a consolidated basis, excluding (a) contingent obligations in respect of Contingent Liabilities (except to the extent constituting Contingent Liabilities in respect of Debt of a Person other than any Loan Party), (b) Hedging Obligations, (c) Debt of the Company to Subsidiaries and Debt of Subsidiaries to the Company or to other Subsidiaries, and (d) Capitalized Leases.
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Total Senior Debt means, as of any date of determination, (a) Total Debt as of such date minus (b) the portion of Total Debt as of such date represented by the Subordinated Debt and Existing Notes.
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Total Senior Debt means, at any time, all Consolidated Debt of Enron and its Consolidated Subsidiaries other than Subordinated Debt.
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Total Senior Debt means, at any time, the principal amount of all ------------------- consolidated Debt of the Company and its consolidated Subsidiaries other than Subordinated Debt.
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Total Senior Debt means, at any time, an amount equal to the remainder of (a) Debt of the Borrower and its Subsidiaries minus (b) all Subordinated Debt of the Borrower and its Subsidiaries (including the Trust Notes).
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Total Senior Debt means Total Debt less Subordinated Debt.
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Total Senior Debt. Senior Debt or Replacement Senior Debt, Indebtedness with respect to Capitalized Lease Obligations of a Company or any of its Subsidiaries secured by a lien described in Section 8.3(j), and Purchase Money Indebtedness of a Company or any of its Subsidiaries secured by a lien described in Section 8.3(i).
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