Unsecured Liabilities means, as to any Person as of a given date, the following (without duplication): (a) all liabilities which would, in conformity with GAAP, be properly classified as a liability on the balance sheet of such Person as of such date, plus (b) all Indebtedness of such Person (to the extent not included in the preceding clause (a)), minus (c) all liabilities included in the preceding clauses (a) and (b) that are secured by a Lien.
Unsecured Liabilities means the Unsecured Notes Liabilities and the Unsecured Loan Liabilities.
Unsecured Liabilities means those Total Liabilities which are not secured by a Lien.
Examples of Unsecured Liabilities in a sentence
Subject to Clause 10.3 (Restriction on Payment and dealings during Unsecured Standstill Period: Unsecured Liabilities) below, the Debtors may make Payments to the Unsecured Creditors in respect of the Unsecured Liabilities in accordance with the Unsecured Finance Documents.
The ratio of Unencumbered Asset Value to Outstanding Unsecured Liabilities shall at all times be not less than 1.75:1.0.
No modification to or variation of the CVA shall be permitted if the effect of the modification would require the Ordinary Unsecured Creditors to accept payment of less than 100 pence in the pound in respect of Ordinary Unsecured Liabilities.
Borrower shall not permit the ratio of (i) the Unencumbered Pool Value to (ii) the Unsecured Liabilities of Borrower and its Consolidated Subsidiaries, to be less than 2.00 to 1.00 at any time.
Preferred and Unsecured Liabilities - Okje Cho & Family Enterprise Ltd.
More Definitions of Unsecured Liabilities
Unsecured Liabilities means, as to any Person as of a given date, (a) all liabilities which would, in conformity with GAAP (except for intangible liabilities as listed on such Person’s consolidated balance sheet in accordance with Statements of Financial Accounting Standards No. 141), be properly classified as a liability on the consolidated balance sheet of such Person as at such date plus (b) all Indebtedness of such Person (to the extent not included in the preceding clause (a)) minus (c) all Secured Indebtedness of such Person. When determining the Unsecured Liabilities of the Parent and its Subsidiaries: (i) the following (to the extent not in excess of $10,000,000 in the aggregate) shall be excluded: (A) any amounts related to contributions by the Borrower paid in the Borrower’s capital stock to the 401(k) plan maintained by the Borrower and (B) contributions paid by the Borrower to the Borrower’s Long-term Omnibus Plan; (ii) accounts payable and accrued dividends payable shall be included only to the extent the aggregate amount thereof exceeds the aggregate amount of unrestricted cash then reportable on a consolidated balance sheet of the Borrower; and (iii) accrued property taxes in respect of real property shall be included only to the extent the aggregate amount thereof exceeds the aggregate amount of cash held by the Borrower and its Subsidiaries in escrow for the payment of such taxes at such time.
Unsecured Liabilities means, as to any Person as of a given date, (a) all liabilities which would, in conformity with GAAP, be properly classified as a liability on the consolidated balance sheet of such Person as at such date plus (b) all Indebtedness of such Person (to the extent not included in the preceding clause (a)) minus (c) all Secured Indebtedness of such Person. When determining the Unsecured Liabilities of the Parent and its Subsidiaries: (i) the following (to the extent not in excess of $1,500,000 in the aggregate) shall be excluded: (A) any amounts related to contributions by RCLP paid in RCLP's capital stock to the 401(k) plan maintained by RCLP and (B) contributions paid by RCLP to RCLP's Long-term Omnibus Plan; (ii) accounts payable and accrued dividends payable shall be included only to the extent the aggregate amount thereof exceeds the aggregate amount of unrestricted cash then reportable on a consolidated balance sheet of RCLP; (iii) accrued property taxes in respect of real property shall be included only to the extent the aggregate amount thereof exceeds the aggregate amount of cash held by RCLP and its Subsidiaries in escrow for the payment of such taxes at such time and (iv) all Unsecured Liabilities of the Development Affiliates shall be included to the extent not otherwise included herein.
Unsecured Liabilities means, as to any Person as of a given date, all liabilities which would, in conformity with generally accepted accounting principles, be properly classified as a liability on the consolidated balance sheet of such Person that are not secured in any manner by a Lien in any property, and shall in any event include (without duplication) the following: (a) all unsecured Indebtedness of such Person; (b) all purchase obligations, repurchase obligations, forward commitments and unfunded obligations; (c) all accounts payable of such Person; (d) all Guarantees by such Person of Unsecured Liabilities of other Persons and (e) unsecured subordinated debt.
Unsecured Liabilities means, at any time, (i) Total Liabilities of Borrower and its Subsidiaries, less (ii) Secured Borrower Debt.
Unsecured Liabilities means, as to the Borrower as of a given date, all liabilities of the Borrower and its Consolidated Subsidiaries which would, in conformity with GAAP, be properly classified as a liability on the Consolidated balance sheet of the Borrower that are not secured in any manner by a Lien on any property of the Borrower or its Consolidated Subsidiaries, and shall in any event include (without duplication) the following as each relates to the Borrower and its Consolidated Subsidiaries: (a) all unsecured Debt, (b) all purchase obligations, repurchase obligations, forward commitments and unfunded obligations (excluding, for the avoidance of doubt, obligations for the purchase price of stock under stock purchase or similar agreements), (c) all Securities that are convertible into Debt, (d) all accounts payable, (e) all Guarantees of Unsecured Liabilities of other Persons and (f) unsecured subordinated Debt.
Unsecured Liabilities in Clause 1.1 (Defined Terms); or
Unsecured Liabilities means the Liabilities owed by any Unsecured Guarantor to the Unsecured Creditors or any Unsecured Notes Trustee under or in connection with the Unsecured Finance Documents, including, for the avoidance of doubt, any such Liabilities incurred under a Permitted Unsecured Finance Document and any Agent Liabilities.