Consolidated Funded Indebtedness

Consolidated Funded Indebtedness. As at any date, the total of all Funded Indebtedness of the Company and its Consolidated Subsidiaries outstanding on such date, after eliminating all offsetting debits and credits between the Company and its Consolidated Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Company and its Consolidated Subsidiaries in accordance with GAAP.

Consolidated Funded Indebtedness. Notwithstanding the foregoing, solely for the period from the Amendment No. 1 Effective Date to the first Business Day after the date that the Isle Acquisition is consummated, in connection with any calculation of the Consolidated Total Leverage Ratio for purposes of compliance with Section 9.14(a), this definition of Consolidated Funded Indebtedness shall exclude any portion of a Revolving Credit Loan or Swingline Loan that is used (i) to pay Transaction Costs related to the Isle of Capri... Acquisition and Financing or (ii) to make investments in Acquisition Co. to the extent necessary to fund Additional Escrow Deposits in respect of the Facilities and the Notes while the proceeds of the Facilities and the Notes are held in the Bank Escrow Account and/or the Notes Escrow Account, as applicable, in connection with the Financing; provided, however, that commencing on the first Business Day after the date that the Isle Acquisition is consummated, no portion of any Revolving Credit Loan or Swingline Loan used pursuant to clauses (i) and (ii) above shall be excluded from this definition. View More