Adjusted Total Debt definition

Adjusted Total Debt means, as at any date, the sum for the Company and its Subsidiaries (determined on a Consolidated basis without duplication in accordance with GAAP) of:

Adjusted Total Debt means, at any date, all Debt (excluding Debt evidenced by Hybrid Securities up to an aggregate amount of 15% of Total Capitalization) of the Borrower and its Consolidated Restricted Subsidiaries, determined on a consolidated basis as of such date. For purposes of this definition, “Hybrid Securities” means any trust preferred securities or deferrable interest subordinated debt with a maturity of at least 20 years, which provides for the optional or mandatory deferral of interest or distributions, issued by the Borrower, or any business trusts, limited liability companies, limited partnerships or similar entities (i) substantially all of the common equity, general partner or similar interests of which are owned (either directly or indirectly through one or more wholly-owned Subsidiaries) at all times by the Borrower or any of the Subsidiaries, (ii) that have been formed for the purpose of issuing hybrid trust preferred securities or deferrable interest subordinated debt, and (iii) substantially all the assets of which consist of (A) subordinated debt of the Borrower or a Subsidiary, and (B) payments made from time to time on the subordinated debt.

Adjusted Total Debt means, as of any date of determination, (i) all Indebtedness of the Borrower and its Subsidiaries on a consolidated basis, including without limitation all Loans and LC Exposure, but excluding all Indebtedness of the type described in subsection (xi) of the definition of Indebtedness and excluding any Synthetic Lease Obligations to the extent that such Synthetic Lease Obligations are included in clause (ii) below, plus (ii) to the extent not included in clause (i), the present value of all lease obligations arising under operating leases of Borrower and its Subsidiaries as determined in accordance with GAAP, applying a discount rate of ten percent (10%).

Examples of Adjusted Total Debt in a sentence

• The Consolidated Companies will maintain, as of the end of each Fiscal Quarter, an Adjusted Total Debt to Adjusted Total Capital Ratio of not greater than 0.60:1.00.

• Permit Consolidated Adjusted Total Debt to exceed 65% of Consolidated Adjusted Total Capitalization at any time.

• The Consolidated Companies will maintain, as of the end of each Fiscal Quarter, an Adjusted Total Debt to EBITDAR Ratio of not greater than 3.00:1.00.

• As used in this Agreement, the following terms shall ------------- have the meanings set forth below: Adjusted Total Debt means, at any date, the Debt of the Borrower and its Consolidated Restricted Subsidiaries, determined on a consolidated basis as of such date.

• From and after the Guaranty Release Date, -------------------------- the Borrower will not permit the ratio of Adjusted Total Debt as of the last day of any fiscal quarter to Consolidated EBITDA for the period of four consecutive fiscal quarters ended on such last day to be more than 3.25 to 1.00.

More Definitions of Adjusted Total Debt

Adjusted Total Debt means, at any time, the sum of (a) Total Debt plus (b) 600% of Forward Minimum Rent Commitments.

Adjusted Total Debt means, as at any date, the sum for the Borrower ------------------- and its Subsidiaries (determined on a Consolidated basis without duplication in accordance with GAAP) of:

Adjusted Total Debt means, on any date, Total Debt as of such date, minus the amount of unrestricted cash and cash equivalents of the Parent, the Borrower and the Subsidiaries as at said date not to exceed $20,000,000.

Adjusted Total Debt means all Debt of the Xxxxxx Companies, less any Debt to the extent such Debt is nonrecourse to the Borrower.

Adjusted Total Debt means, as of any date of determination, the sum of (a) Consolidated Debt as of such date and (b) the present value of all lease obligations arising under operating leases (including, without limitation, Synthetic Leases) of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, applying a discount rate of 10% as of such date.

Adjusted Total Debt means, at any time, the sum of (a) Total Debt plus (b) 800% of Forward Minimum Rent Commitments.

Adjusted Total Debt means and include the sum (without duplication) of the following, at any Fiscal Quarter end, for the Borrower and its Consolidated Subsidiaries, on a consolidated basis: (i) Total Debt; plus (ii) an amount equal to seven (7) times the amount of the operating lease payments which were owed by the Borrower and such Subsidiaries during the period of four (4) Fiscal Quarters ending on such date.