Current Maturities of Funded Debt means, at any time and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or agreement relating thereto is due on demand or within one year from such time (whether by sinking fund, other required prepayment or final payment at maturity) and is not directly or indirectly renewable, extendible or refundable at the option of the obligor under an agreement or firm commitment in effect at such time to a date one year or more from such time.
Current Maturities of Funded Debt means, as of any date of determination and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or agreement relating thereto is due on demand or within one year from such time (whether by sinking fund, other required prepayment or final payment at maturity) and is not directly or indirectly renewable, extendible or refundable at the option of the obligor under an agreement or firm commitment in effect at such time to a date one year or more from such time.
Current Maturities of Funded Debt means (without duplication), at any time and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or agreement relating thereto (a) is due on demand or within 365 days from such time (whether by sinking fund, other required prepayment or final payment at maturity) and (b) (i) is not directly or indirectly renewable, extendible or refundable at the option of the obligor under an agreement or firm commitment in effect at such time to a date 365 days or more from such time or (ii) if so renewable, extendible or refundable at the option of the obligor, the obligor shall have agreed that it will not renew, extend or refund to a date 365 days or more from such time.
Examples of Current Maturities of Funded Debt in a sentence
A ratio of (a) Net Income (b) plus Depreciation Expense plus (c) Amortization Expense related to the Acquisitions, to Current Maturities of Funded Debt plus dividends (preferred and common) of not less than 1.5:1.
More Definitions of Current Maturities of Funded Debt
Current Maturities of Funded Debt means, at any time and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt is due on demand or within one year from such time (whether by sinking fund, other required prepayment or final payment at maturity) and is not directly or indirectly renewable, extendible or refundable at the option of the obligor under an agreement or firm commitment in effect at such time to a date one year or more from such date.
Current Maturities of Funded Debt means, with respect to any particular period, the sum of all principal payments scheduled to be made during such period in respect of the Funded Debt of Borrower (which for purposes hereof shall include the allocated principal portion of payments due on Capitalized Lease Obligations, and also shall include the current portion of any other Funded Debt).
Current Maturities of Funded Debt means any principal portion of Funded Debt due within one (1) year, as accounted for in accordance with GAAP.
Current Maturities of Funded Debt means, at any time and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or agreement relating thereto is due on demand or within one year from such time (whether by sinking fund, other required prepayment or final payment at maturity) and is not directly or indirectly renewable, extendible or refundable at the option of the obligor under an agreement or firm commitment in effect at such time to a date one year or more from such time. ‘‘Debt’’ means, with respect to any Person, without duplication,
Current Maturities of Funded Debt means, at any time with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or agreement relating thereto is due on demand within one year from such time (whether by sinking fund, other required prepayment or final payment at maturity).
Current Maturities of Funded Debt means any Funded Debt obligation payable on demand or within a period of one year from the date of determination; provided that an obligation shall not be included herein if such Funded Debt obligation (i) is renewable beyond one year from the date of determination at the sole election of the Company (or a Guarantor, if applicable) pursuant to the terms thereof, (ii) is created pursuant to a revolving credit or similar agreement which is renewable beyond one year from the date of determination at the sole election of the Company (or a Guarantor, if applicable) pursuant to the terms thereof, or (iii) may be repaid out of the uncommitted proceeds of a revolving credit or similar agreement, the maturity of which is more than one year from the date of determination.
Current Maturities of Funded Debt means, at any time and with respect to any item of Funded Debt, the portion of such Funded Debt outstanding at such time which by the terms of such Funded Debt or the terms of any instrument or