Consolidated Senior Indebtedness

Consolidated Senior Indebtedness. ‘Consolidated Senior Indebtedness' shall mean, at any date of determination, an amount equal to the amount of Consolidated Indebtedness at such time less (x) any Indebtedness evidenced by the Senior Subordinated Notes and (y) any Indebtedness evidenced by any Revolving Loans, Swingline Loans and L/C Obligations outstanding to the extent such Obligations shall have been secured by letters of credit as required by the terms of the Support Agreement.

Consolidated Senior Indebtedness. At any date, the Consolidated Total Indebtedness of the Borrowers minus the outstanding principal of the Subordinated Debt and the Convertible Notes on such date