Senior Funded Debt definition

Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

Senior Funded Debt means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

Senior Funded Debt means all Funded Debt other than Subordinated Debt.

Examples of Senior Funded Debt in a sentence

• At all times, the Borrower shall maintain Senior Funded Debt Assigned Cash in a minimum amount of $1,500,000.".

• The ratio of Senior Funded Debt to EBITDA and calculated on a trailing twelve month basis of the Borrowers and their respective Subsidiaries on a consolidated basis calculated as of the last day of each calendar month shall not exceed 2.40:1.00.

• The Administrative Agent shall have received a certificate from the CFO, in form and substance satisfactory to the Administrative Agent, certifying that, on a pro forma basis as of September 30, 2004, (a) the Borrowers’ ratio of Senior Funded Debt to EBITDA was less than or equal to 1.75 to 1.00 and (b) the Borrowers’ Leverage Ratio was less than or equal to 2.50 to 1.00.

• At all times, the Borrower shall maintain Senior Funded Debt Assigned Cash in a minimum amount of $1,500,000.

• As of the last day of each Fiscal Quarter, the Borrower shall maintain the Senior Funded Debt to EBITDA Ratio, as determined on a Consolidated, rolling four quarter basis in accordance with IFRS, for the four Fiscal Quarters then ended, of less than 2.75 to 1.00.

More Definitions of Senior Funded Debt

Senior Funded Debt means, as of any date of determination for the Credit Parties and their Subsidiaries, all Funded Debt (including, without limitation, Extensions of Credit hereunder) which is not Subordinated Debt.

Senior Funded Debt means, at any time, the Funded Debt of the Borrower on a consolidated basis at such time, excluding Subordinated Debt.

Senior Funded Debt means Funded Debt minus Subordinated Debt.

Senior Funded Debt means indebtedness for borrowed money, for the deferred purchase price of property not purchased on ordinary trade terms, for capitalized leases and for other liabilities evidenced by promissory notes or other instruments, but not including any indebtedness that has been subordinated to the indebtedness evidenced by the Note pursuant to a writing that has been accepted by Bank.

Senior Funded Debt means any Debt of the Company which is classified as long term debt in accordance with GAAP (including, without limitation, the Bank Credit Agreement) other than Subordinated Debt.

Senior Funded Debt means, in respect of any applicable Person and at any time (without duplication), an amount equal to (a) Funded Debt of such Person minus (b) all Subordinated Debt of such Person.

Senior Funded Debt means, with respect to any Eligible Loan, the portion of the Total Funded Debt of the Obligor of such loan that is senior in priority and right of repayment of such Eligible Loan.