Long Term Debt

Long Term Debt. Shall mean payment obligations of indebtedness which mature more than twelve months from the date of determination, or mature within twelve months from such date but are renewable or extendible at the option of the debtor to a date more than twelve months from the date of determination.

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.