definiens: means, at any given date of calculation, with respect to the Company on a consolidated basis, ( a ) all indebtedness for borrowed money or indebtedness issued or incurred in substitution or exchange for indebtedness for borrowed money, plus ( b ) obligations or commitments to repay deposits or other amounts advanced by and owning to third parties, plus ( c ) any liability in respect of banker ’s acceptances or letters of credit ( to the extent drawn ), plus ( d ) obligations under any interest rate, currency or othe r hedging agreement, plus ( e ) MXN$30,000,000.00 ( thirty million Pesos 00/100 ) ( in each case determined in accordance with the Accounting Principles ) . For the avoidance of doubt, the calculation of shall exclude ( with respect to the Company on a consolidated basis ), ( v ) the Purchased Debt, ( w ) accounts payable to trade creditors irrespective of how they are documented, ( x ) accrued expenses arising in the ordinary course of business, ( y ) amounts owing as deferred purchase price for pro perty or services, including all seller notes and payments, whether or not they are due and payable, and ( z ) any obligations as lessee under leases that have been, or should be, recorded as capital leases and equipment in accordance with Mexican GAAP