Fixed Asset Financing definition
Fixed Asset Financing means the acquisition by the Borrower of one or more fixed assets in an aggregate amount not to exceed $1,500,000, which financing (a) shall amortize over time and not be subject to being re-borrowed and (b) may be secured by the fixed assets so acquired.
Fixed Asset Financing means Indebtedness that is secured by ground-based equipment and other tangible assets of the Company or a sale and leaseback transaction with respect to such assets, in which case the Attributable Debt shall be treated as Indebtedness for purposes of this definition.
Fixed Asset Financing means the acquisition by the Borrower of one or more fixed assets in an aggregate amount not to exceed $1,500,000, which financing (a) shall amortize over time and not be subject to being re-borrowed and (b) may be secured by the fixed assets so acquired. “Fixed Charges” for any period means, on a consolidated basis, the sum of (a) all Rentals (other than Capitalized Rentals) payable during such period by the Borrower and its Restricted Subsidiaries, and (b) all Interest Charges on all Indebtedness (including the interest component of Capitalized Rentals) of the Borrower and its Restricted Subsidiaries. “Floor” means a rate of interest equal to 1.00%. “FRB” means the Board of Governors of the Federal Reserve System of the United States. “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. “GAAP” means generally accepted accounting principles as in effect from time to time in the United States, consistently applied; provided, however, that all calculations relative to
Examples of Fixed Asset Financing in a sentence
Fixed Asset Financing 673,099.13 U.S. Bancorp Leasing & Financial Fixed Asset Financing 600,997.92 First Capital Corp.
Line of Credit 14,055,612.03 Real Estate Note 3,143,485.76 Fixed Asset Financing 1,147,948.87 The CIT Group Fixed Asset Financing 734,451.60 GE Capital Corp.
More Definitions of Fixed Asset Financing
Fixed Asset Financing means the acquisition by the Borrower of one or more fixed assets in an aggregate amount not to exceed $1,500,000, which financing (a) shall amortize over time and not be subject to being re-borrowed and (b) may be secured by the fixed assets so acquired. “Fixed Charges” for any period means, on a consolidated basis, the sum of (a) all Rentals (other than Capitalized Rentals) payable during such period by the Borrower and its Restricted Subsidiaries, and (b) all Interest Charges on all Indebtedness (including the interest component of Capitalized Rentals) of the Borrower and its Restricted Subsidiaries.
Fixed Asset Financing means the incurrence of any (i) Indebtedness of the type referred to in clauses (a), (c) and (f) of the definition thereof by any Loan Party that is secured by property, plant or equipment (which, for the avoidance of doubt, shall include Cushion Gas) of any Loan Party, (ii) any Attributable Indebtedness in connection with the sale-leaseback of Cushion Gas and (iii) guarantees of the Indebtedness set forth in clauses (i) and (ii).