Borrowers on a Consolidated Basis definition

Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of the Borrowers and their respective Subsidiaries.

Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of the Borrowers and their Subsidiaries.

Borrowers on a Consolidated Basis means the consolidation of SYX and the Borrowers and the Subsidiaries of any Borrower (without duplication) in accordance with GAAP, but excluding all Subsidiaries of any Borrower located outside of the United States of America other than UK Borrower.

Examples of Borrowers on a Consolidated Basis in a sentence

• Notwithstanding anything to the contrary herein, the calculation of Adjusted EBITDA, EBITDA, Fixed Charge Coverage Ratio and Leverage Ratio (and of any component definition of such terms) shall be determined by reference to the Borrowers on a Consolidated Basis.

• Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flow of Borrowers on a Consolidated Basis as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.

• Borrowers on a Consolidated Basis shall maintain a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00 for the four fiscal quarters ending September 30, 2008 and for each fiscal quarter ending thereafter, on a rolling four quarter basis.

• Cause to be maintained as of the end of each fiscal quarter, a Funded Debt to EBITDA Ratio for Borrowers on a Consolidated Basis, with EBITDA based on the trailing twelve-month fiscal measurement period ending on the last day of such fiscal quarter, of not more than 3.75 to 1.0.

• Cause to be maintained as of the end of each fiscal quarter, a Debt Service Coverage Ratio for Borrowers on a Consolidated Basis for the trailing twelve-month fiscal measurement period ending on the last day of such fiscal quarter of not less than 1.20 to 1.0.

More Definitions of Borrowers on a Consolidated Basis

Borrowers on a Consolidated Basis means Allied Motion, Motor Products, Allied Motion Control, Emoteq, Computer Optical, AMOT I, AMOT II, AMOT III, New Stature and Ahab.

Borrowers on a Consolidated Basis except to the extent limited in this definition, shall mean the consolidation in accordance with GAAP of the accounts or other items of Borrowers. Presentations of financial information for the Borrowers on a Consolidated Basis shall be consolidated from the applicable audited or unaudited consolidating financial statements of E Com Ventures, Inc. Financial information shall not include footnote disclosure required by GAAP with respect to the Borrowers on a Consolidated Basis, but shall be deemed to include the footnote disclosure contained in E Com Ventures, Inc.'s related audited or unaudited financial statements as it relates to such disclosure related to Borrowers on a Consolidated Basis.

Borrowers on a Consolidated Basis means the Foster, CXT, Natmaya and Fosmart.

Borrowers on a Consolidated Basis means the consolidation of the accounts or other items of Akrion, Goldfinger and each of their Subsidiaries in accordance with GAAP.

Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of ValueVision and its Subsidiaries. “Borrowing Agent” shall mean ValueVision.

Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of Borrowing Agent and its Subsidiaries. “Borrowing Agent” shall mean Evine.

Borrowers on a Consolidated Basis means the consolidation of GIC and the Borrowers and the Subsidiaries of any Borrower (without duplication) in accordance with GAAP, but (i) excluding Misco Germany and (ii) excluding all Subsidiaries of any Borrower not organized under the laws of any of the fifty States of the U.S.