Define: Current Maturities of Long Term Debt

How is Current Maturities of Long Term Debt defined in a legal contract?

• Current Maturities of Long Term Debt means all payments in respect of Long Term Debt that are required to be made within one year from the date of determination, regardless of whether the obligation to make such payments would constitute a current liability of the obligor under GAAP. This does not include any payment required to be made on the ultimate maturity date of such Debt. Seen in 33 SEC filings
• Current Maturities of Long Term Debt means the amount of the Borrower's long-term debt and capitalized leases due during the designated period. Seen in 22 SEC filings
• Current Maturities of Long Term Debt means the portion of the long term debt of the borrower and its subsidiaries, on a consolidated basis, which must be settled in the twelve months following any date of computation of Current Maturities of Long Term Debt in accordance with Agreement Accounting Principles, excluding balloon payments of long term debt due at maturity. Seen in 12 SEC filings
• Current Maturities of Long Term Debt means for Borrower and its Subsidiaries, on a consolidated basis, the principal amount due and payable during the next succeeding twelve-month period on Debt of Borrower and its Subsidiaries for borrowed money which has a final maturity more than twelve months from the date of calculation. Seen in 10 SEC filings
• Current Maturities of Long Term Debt means that portion of the principal amount of Long Term Debt which must be paid during the twelve fiscal months following the date such determination must be made. Seen in 9 SEC filings
• Current Maturities of Long Term Debt means that portion of the Long Term Debt of any applicable Person(s) at such time that should be classified as a current liability in accordance with GAAP, including that portion of capital lease obligations that would be so classified at such time, but excluding amounts due at maturity. Seen in 9 SEC filings
• Current Maturities of Long Term Debt means all Debt which, in accordance with GAAP, may be properly classified as long-term debt, the portion of such Debt which is due within one [number] year from the date of determination thereof. Seen in 7 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of current maturities of long term debt' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Current Maturities of Long Term Debt means all payments due within one year on long-term debt and capitalized leases, excluding final maturity payments.

Relevant Contract Types

• Debt Restructuring Agreement
• Loan Agreement
• Debt Settlement Agreement
• Financial Services Agreement

Relevant Circumstances

• During negotiations of a debt settlement.
• In financial audits for assessing financial status.
• Evaluating loan repayment capabilities of a borrower.
• While drafting or revising a financial services agreement.

Relevant Sectors

• Finance and Accounting
• Banking
• Legal Services
• Real Estate

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Genie Definition 2

• Current Maturities of Long Term Debt means the portion of the long-term debt classified as a current liability under GAAP, excluding balloon payments and amounts due at maturity.

Relevant Contract Types

• Loan Agreement
• Financial Services Agreement
• Mercantile Credit Agreement
• Purchase Agreement

Relevant Circumstances

• Conducting risk assessments for financial institutions.
• Drafting or reviewing terms of a credit agreement.
• Evaluating a business' financial health during a merger or acquisition.

Relevant Sectors

• Finance and Accounting
• Banking
• Mergers and Acquisitions
• Legal Services

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