Consolidated Senior Debt definition

Consolidated Senior Debt all Consolidated Total Debt other than Subordinated Debt.

Consolidated Senior Debt means, as at any date of determination, Consolidated Total Debt, excluding the aggregate outstanding amount of Subordinated Indebtedness (to the extent permitted hereunder), but including Capital Leases.

Consolidated Senior Debt means the Senior Debt (other than the Qualified Transition Bonds) of the Borrower and its Consolidated Subsidiaries determined on a consolidated basis.

Examples of Consolidated Senior Debt in a sentence

• The Borrower will not, as of the end of each quarter of each of its fiscal years, permit the ratio of its Consolidated Senior Debt to its Consolidated Total Capitalization to be greater than 0.65 to 1.00.

• Permit the ratio of Consolidated Senior Debt to Consolidated Capital Base as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the end of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be more than 11 to 1.

• Permit the ratio of Consolidated Senior Debt to Consolidated Capital Base as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the end of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be more than 8 to 1.

• The Company will maintain a ratio of Consolidated Senior Debt to Consolidated Stockholders' Equity of not greater than 1.50:1.00.

• All interest and fees payable hereunder which are to be adjusted as a result of a change in the Consolidated Senior Debt to EBITDA Ratio and a corresponding change in the Margin, shall be adjusted effective on the first day of the Fiscal Quarter following the Fiscal Quarter in which the Compliance Certificate is delivered (or which is due to be delivered) which indicates that a change in the Consolidated Senior Debt to EBITDA Ratio has occurred which requires a change to such interest and fees.

More Definitions of Consolidated Senior Debt

Consolidated Senior Debt at a particular time for the Capital Corporation and its consolidated Subsidiaries, indebtedness for borrowed money other than any indebtedness for borrowed money that is subordinated, on terms no less favorable to the Administrative Agent and the Banks than the terms of subordination set forth on Schedule I, to the indebtedness which may be incurred hereunder by the Capital Corporation, provided that the amount of such indebtedness for borrowed money (other than such subordinated indebtedness) as at the end of a fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of a fiscal year of the Capital Corporation and its consolidated Subsidiaries) shall be determined by reference to the publicly available consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries as at the end of such fiscal quarter and after such adjustments, if any, as may be required so that such amount is determined in accordance with GAAP. Notwithstanding the foregoing, for purposes of determining compliance with subsection 7.2, indebtedness for borrowed money in respect of any Securitization Indebtedness shall be deemed not included in Consolidated Senior Debt.

Consolidated Senior Debt means with respect to the Company and its Subsidiaries as of the date of any determination thereof, all indebtedness and obligations in respect of amounts borrowed which, in accordance with GAAP, on a consolidated basis, would be recorded in the Company’s consolidated financial statements (including the notes thereto), and in any event including, without duplication:

Consolidated Senior Debt means as of any date, Consolidated Total Debt that (x) is Secured Indebtedness or (y) was incurred by any Subsidiary of the Borrower.

Consolidated Senior Debt all Consolidated Total Debt other than (a) the Senior Subordinated Notes and (b) Permitted Non-Recourse Debt.

Consolidated Senior Debt means, as of any date of determination, (x) the sum of all Indebtedness of Holdings, the Borrower and the Restricted Subsidiaries for borrowed money outstanding on such date minus (y) the sum of (i) the Subordinated Notes and (ii) other subordinated Indebtedness issued or incurred by Holdings, the Borrower and the Restricted Subsidiaries subordinated in right of payment to the payment in full of the Obligations outstanding on such date.

Consolidated Senior Debt means, as of any date, without duplication, Indebtedness of the Borrower and its Restricted Subsidiaries owed to the Administrative Agent, the Issuing Bank, the Lenders or any of them under any Loan Document, whether for principal, interest (including post-petition interest), reimbursement of amounts drawn under any Letter of Credit, funding indemnification amounts, fees, expenses, indemnification or otherwise.

Consolidated Senior Debt means at any time (x) Consolidated Debt less (y) the sum of (i) the aggregate outstanding principal amount of the Senior Subordinated Notes at such time and (ii) the aggregate principal amount of all other subordinated debt incurred pursuant to Sections 9.04(f) and (j) and outstanding at such time and otherwise included in Consolidated Debt.