Attributable Debt Sample Clauses
The 'Attributable Debt' clause defines what types of debt or financial obligations are considered relevant for the purposes of a contract, particularly in relation to financial covenants or restrictions. It typically outlines which debts, such as loans, guarantees, or off-balance sheet liabilities, are included when calculating a party’s total indebtedness. For example, it may specify that only direct borrowings or certain contingent liabilities count toward a debt cap. This clause ensures clarity and consistency in financial calculations, helping parties assess compliance with debt-related obligations and manage financial risk.
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Attributable Debt. In respect of a sale and leaseback transaction, at the time of determination, the present value (discounted at the rate of interest implicit in such transaction, determined in accordance with GAAP) of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction (including any period for which such lease has been extended or may, at the option of the lessor, be extended).
Attributable Debt. The term “
Attributable Debt. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person's ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.
Attributable Debt. The amount of Debt of any Person at any date will be the outstanding balance at such date of all unconditional obligations as described above and, with respect to contingent obligations (other than contingent obligations under Interest Rate Agreements, Currency Agreements and Commodity Agreements, which shall be valued as set forth above), the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided, that:
Attributable Debt. The amount of Debt of any Person at any date will be the outstanding balance at such date of all unconditional obligations as described above and, with respect to contingent obligations (other than contingent obligations under Interest Rate Agreements, Currency Agreements and Commodity Agreements, which shall be valued as set forth above), the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided that:
(1) the amount outstanding at any time of any Debt issued with original issue discount is the accreted value of that Debt at that time as determined in conformity with GAAP; and
(2) Debt will not include any liability for federal, provincial, state, local or other taxes. Notwithstanding any other provision of the foregoing definition, any trade payable, deferred credit or accrued liability arising from the purchase of goods or materials or for services obtained in the ordinary course of business shall not be deemed to be Debt of the Company or any of its Restricted Subsidiaries for purposes of this definition. Furthermore, guarantees of (or obligations with respect to letters of credit supporting) Debt otherwise included in the determination of that amount shall also not be included.
Attributable Debt. The amount of Debt of any Person at any date will be the outstanding balance at such date of all unconditional obligations as described above and, with respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided that (a) the amount outstanding at any time of any Debt issued with original issue discount is the accreted value of that Debt at that time as determined in conformity with GAAP and (b) Debt will not include any liability for federal, provincial, state, local or other taxes. Notwithstanding any other provision of the foregoing definition, any trade payable, deferred credit or accrued liability arising from the purchase of goods or materials or for services obtained in the ordinary course of business will not be deemed to be Debt of the Company or any of its Restricted Subsidiaries for purposes of this definition. Furthermore, guarantees of (or obligations with respect to letters of credit supporting) Debt otherwise included in the determination of that amount will not also be included.
Attributable Debt unsecured Indebtedness of a direct or indirect Subsidiary of the Borrower incurred and outstanding on or prior to the date on which such Subsidiary was acquired by the Borrower or a Subsidiary of the Borrower; (l) unsecured Indebtedness not otherwise permitted hereunder; (m) Indebtedness incurred to refinance existing Indebtedness permitted hereunder, provided, that the principal amount thereof does not exceed the principal amount of the Indebtedness to be refinanced outstanding immediately prior to such refinancing and the terms and provisions of the new Indebtedness (including subordination provisions) are not otherwise more favorable to the holder thereof (including without limitation by stating an earlier maturity) than those of the Indebtedness to be refinanced; and (n) Indebtedness owing by Subsidiaries of the Borrower to the Borrower. provided, however, that the aggregate principal amount of all Indebtedness permitted by clauses (h), (j), (k) and (l), (and any refinancing of such Indebtedness permitted by Clause (m)) shall not exceed $25,000,000 at any time outstanding.
Attributable Debt. The Parent will ensure that at all times the aggregate Attributable Debt in respect of:
(i) each Project that has achieved Project Completion does not exceed 65 per cent. of the Euro Equivalent of the lower of:
(A) the value of each Property on which such Project is situated as set out in the most recent Valuation of that Project;
(B) all Paid Project Costs incurred by each Group Member in relation to such Project; and
(C) Budgeted Costs in relation to such Project; and
(ii) each Project that has not achieved Project Completion does not exceed 65 per cent. of the Euro Equivalent of the lower of:
(A) all Paid Project Costs incurred by each Group Member in relation to such Project; and
(B) Budgeted Costs in relation to such Project.
Attributable Debt. The Borrowers shall not suffer or permit Attributable Debt at any time to exceed U.S. $40,000,000.
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