Consolidated Debt for Borrowed Money definition

Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.

Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date, excluding, in the event of a change in GAAP, leases originally and properly recorded as operating leases under GAAP, which leases will continue to be treated as operating leases, and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include Obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.

Consolidated Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

Examples of Consolidated Debt for Borrowed Money in a sentence

• Maintain a ratio of Consolidated Debt for Borrowed Money of the Guarantor and its Subsidiaries to Consolidated EBITDA of the Guarantor and its Subsidiaries for the four quarters most recently ended of not greater than 3.0 to 1.

• Maintain, as of any date, a ratio of Consolidated Debt for Borrowed Money of the Borrower and its Subsidiaries as of such date to Consolidated Cash Flow of the Borrower and its Subsidiaries for the period of four fiscal quarters ended on or immediately prior to such date of not greater than 4.00 to 1.00.

• Maintain a ratio of Consolidated Debt for Borrowed Money to the sum of Consolidated Debt for Borrowed Money plus Consolidated net worth of the Company and its Subsidiaries of not greater than 0.55 to 1.00.

• Maintain a ratio of Consolidated Debt for Borrowed Money to the sum of Consolidated Debt for Borrowed Money plus Consolidated net worth of the Borrower and its Subsidiaries of not greater than 0.55 to 1.00.

• The Borrower will maintain, as of the last day of each fiscal quarter, a ratio of Consolidated Debt for Borrowed Money to Consolidated EBITDA of the Borrower and its Subsidiaries for the four quarters then ended of not more than 3.0 to 1.

More Definitions of Consolidated Debt for Borrowed Money

Consolidated Debt for Borrowed Money has the meaning indicated in subparagraph 3(A) of the Closing Certificate.

Consolidated Debt for Borrowed Money shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities.

Consolidated Debt for Borrowed Money of any Person means, at any date of determination, the sum of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date and (b) all Synthetic Debt of such Person at such date. The term “Consolidated Debt for Borrowed Money” shall not include obligations of such Person under bankers’ acceptances, letters of credit or similar facilities and, for the avoidance of doubt, shall include Permitted Convertible Indebtedness but shall not include Permitted Bond Hedge Transactions or Permitted Warrant Transactions.

Consolidated Debt for Borrowed Money of any Person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person, or as Guaranteed Debt of such Person of items of another person that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person.

Consolidated Debt for Borrowed Money means at any time (1) the sum, without duplication, of (a) items that, in accordance with GAAP, would be classified as indebtedness on the consolidated balance sheet of NAI and its Subsidiaries and (b) the capitalized portion of any synthetic leases, minus (2) the then aggregate outstanding principal amount of Indebtedness under NAI’s Secured Revolver and under that certain Loan Agreement dated as of March 31, 2006 by and among Network Appliance Global Ltd. and JPMorgan Chase Bank, National Association as initial lender and as administrative agent. (In clause (b) of this definition, “capitalized portion” means, with respect to any synthetic lease, the price for which the lessee can purchase the leased property or could purchase it if the synthetic lease expired on the date of the applicable calculation of the Consolidated Debt for Borrowed Money. Thus, for example, the “capitalized portion” of the transactions governed by the Operative Documents will equal the Lease Balance.)

Consolidated Debt for Borrowed Money means at any date Debt of the Borrower and its Consolidated Subsidiaries of the type referred to in clauses (i), (ii) and (iv) of the definition of Debt.

Consolidated Debt for Borrowed Money means, without duplication, the difference of (a) all Debt for Borrowed Money, excluding any liabilities, obligations and guarantees if owed or guaranteed by a Restricted Subsidiary to another Restricted Subsidiary minus (b) the aggregate amount of unrestricted cash and Cash Equivalents determined without giving pro forma effect to the proceeds of Debt incurred on such date of the Parent Borrower and the other Restricted Subsidiaries on the consolidated balance sheet of the Parent Borrower and the other Restricted Subsidiaries as of such date in excess of $3.0 million but not to exceed $50.0 million.