Long Term Debt

Long Term Debt. Means all obligations of Borrower to any person, including, but not limited to, the Obligations, payable more than twelve (12) months from the date of their creation, which in accordance with G.A.A.P. are shown on the balance sheet as a liability (excluding reserves for deferred income taxes) for the period then ended

Long Term Debt. All obligations of Borrower to any person, including, but not limited to, the Obligations, payable more than twelve (12) months from the date of their creation, which in accordance with G.A.A.P. are properly shown on the balance sheet as a liability (excluding reserves for deferred income taxes) for the period then ended, and also specifically the Replacement Term Note dated June 27, 2019 and any renewals, replacements and extensions thereof.