Funded Debt

Funded Debt. Shall mean any obligation of a Co-Borrower payable more than one year from the date of the creation thereof, which under GAAP is shown on the balance sheet as a liability (including, without limitation, Capital Lease Obligations and excluding reserves for deferred income taxes and other reserves to the extent that such reserves do not constitute an obligation); provided that any obligation shall be treated as Funded Debt, regardless of its term, if such obligation... is renewable pursuant to the terms thereof or of a revolving credit or similar agreement effective for more than one year after the date of the creation of such obligation, or may be payable out of the proceeds of a similar obligation pursuant to the terms of such obligation or of any such agreement. View More

Funded Debt. Means the following, calculated on a consolidated basis for the Restricted Companies and SSI (to the extent of Borrower's membership interests in SSI) in accordance with GAAP: (i) all obligations for borrowed money (whether as a direct obligation on a promissory note, bond, zero coupon bond, debenture or other similar instrument, or as an unfulfilled reimbursement obligation on a drawn letter of credit or similar instrument, or otherwise), plus (but without duplication) (ii)... all Capital Lease obligations (other than the interest component of such obligations) of SSI or any Restricted Company. 13 View More

Funded Debt. Means, without duplication, (i) indebtedness for borrowed money (including, without limitation, indebtedness evidenced by promissory notes, bonds, debentures and similar instruments and further any portion of the purchase price for assets or acquisitions permitted hereunder which may be financed by the seller) and purchase money indebtedness, in each case having a final maturity of more than one year from the date of origin thereof (or which is renewable or extendible at the option of the... obligor for a period or periods more than one year from the date of origin), (ii) the principal portion of Capital Lease Obligations, (iii) all preferred stock required by the terms thereof to be redeemed, or for which mandatory sinking fund payments are due, by a fixed date, and (iv) guaranty obligations with respect to obligations of other Persons of the types described in the foregoing clauses (i), (ii) and (iii); all as determined on a consolidated basis for the Borrower and its Subsidiaries in accordance with GAAP. Funded Debt includes, without limitation, amounts in respect of obligations of the types described in the foregoing clauses (i), (ii), (iii) and (iv) which constitute current liabilities of the obligor under GAAP. View More

Funded Debt. Shall mean as of any applicable date of determination, that portion of Debt which consists of: (a) indebtedness for borrowed money, including that which is evidenced by notes, bonds, debentures or similar instruments; and (b) obligations under installment sales contracts or capital leases.

Funded Debt. Means as applied to the Company on a consolidated basis, without duplication, (i) indebtedness for borrowed money, and (ii) obligations evidenced by notes, bonds, debentures or similar instruments.

Funded Debt. Means the outstanding principal balance of all Debt of Borrowers on a consolidated basis other than (i) Subordinated Debt, and (ii) Contingent Liabilities relating to Debt excluded under clause (i) of this definition.

Funded Debt. Provided that the amount to be applied to the retirement of funded debt of the Partnership or of a Subsidiary of the Partnership shall be reduced by the amount below if, within seventy-five (75) days after such sale, the Partnership shall deliver to the Trustee an Officer's Certificate 6 (i) stating that on a specified date after such sale the Partnership or a Subsidiary of the Partnership, as the case may be, voluntarily retired a specified principal amount of funded debt, ... (ii) stating that such retirement was not effected by payment at maturity or pursuant to any applicable mandatory sinking fund or prepayment provision (other than provisions requiring retirement of any funded debt of the Partnership or a Subsidiary of the Partnership, as the case may be, under the circumstances referred to in this Section 4.11), and (iii) stating the then optional redemption or prepayment price applicable to the funded debt so retired or, if there is no such price applicable, the amount applied by the Partnership or a Subsidiary of the Partnership, as the case may be, to the retirement of such funded debt. In the event of such a sale or transfer, the Partnership shall deliver to the Trustee the Board Resolution referred to in the parenthetical phrase contained in subclause (4)(B) of this Section 4.11 and an Officer's Certificate setting forth all material facts under this Section 4.11. For the purposes of this Section 4.11, the term "retirement" of such funded debt shall include the "in substance defeasance" of such funded debt in accordance with then applicable accounting rules. View More

Funded Debt. (without duplication) the aggregate of the following Debt of Borrower and its Subsidiaries, after elimination of intercompany items and other Consolidation in accordance with GAAP: (a) Debt (including the Obligations) for borrowed money, regardless of maturity, (b) Debt constituting an obligation to pay the deferred purchase price of property, (c) Debt evidenced by a bond, debenture, note or similar instrument, (d) Debt which is due and payable at the time in question, with... respect to letters of credit or reimbursement agreements therefor, and (e) obligations payable under leases whether or not such payments are capitalized in accordance with GAAP, but only the amount thereof which at the time in question exceeds $35,000,000, in the aggregate, excluding obligations arising under oil and gas leases, real estate leases for office space used by Borrower, and leases for vehicles, office equipment and data processing equipment. View More

Funded Debt. Shall mean with respect to Debtors, on a consolidated basis and without duplication, as of any calculation date, (a) any obligation of such Person for borrowed money, including, without limitation, all of the "Obligations" (as defined in the Senior Credit Agreement); (b) any obligation of such Person evidenced by bonds, debentures, notes or other similar instruments; (c) any obligation of such Person to pay the deferred purchase price of ... property or for services (other than in the ordinary course of business); (d) any Capitalized Lease Obligation (as defined in the Senior Credit 2 Agreement); (e) any obligation or liability of others secured by a Lien on property owned by such Person, whether or not such obligation or liability is assumed; (f) any reimbursement obligations (contingent or otherwise) of such Person with respect to letters or credit, bankers acceptances and similar instruments issued for the account of such Person; (g) any Guaranty (as defined in the Senior Credit Agreement) (except items of shareholders' equity or Equity Interests or surplus or general contingency or deferred tax reserves); (h) any financial obligation of such Person under purchase money mortgages; (i) any financial obligation of such Person under asset securitization vehicles; (j) any obligations of such Person under conditional sales contracts and similar title retention instruments with respect to property acquired; and (k) any financial obligation of such Person as issuer of Equity Interests redeemable in whole or in part at the option of a Person other than such issuer, at a fixed and determinable date or upon the occurrence of an event not solely within the control of such issuer. View More

Funded Debt. Means all of Borrower's liabilities for borrowed money.