Combined Basis definition

Combined Basis when used with respect to the determination of any amount, means that such amount is to be determined by combining (i) the relevant amount determined with respect to MGM Studios and its Consolidated Subsidiaries on a consolidated basis and (ii) the relevant amount determined with respect to Orion and its Consolidated Subsidiaries on a consolidated basis, all in accordance with GAAP. Unless the context otherwise requires, whenever an amount herein is expressly to be determined with respect to the Combined Companies, such amount shall be determined on a Combined Basis.

Combined Basis has the meaning set forth in Section 1.02

Combined Basis when used with respect to determining any amount for a Specified Subsidiary means that such amount is to be determined by combining the relevant amounts for the Specified Subsidiary and its Subsidiaries from the accounting books and records maintained for such Specified Subsidiary and its Subsidiaries and utilized in the preparation of the consolidated financial statements of Holdings in accordance with GAAP without performing any eliminating adjustments or allocations of items of income or expense.

Examples of Combined Basis in a sentence

• Unless the context otherwise requires, whenever an amount is to be determined hereunder with respect to the Combined Companies, such amount shall be determined on a Combined Basis.

• LPI shall be liable for, and shall indemnify and hold harmless CMRG from and against any liability for (i) any liability imposed on LPI for Taxes computed under applicable law on a separate company basis and (ii) any liability imposed on LPI or CMRG for Taxes computed under applicable law on a Combined Basis, to the extent such liability is allocable to LPI.

• Unless the context otherwise requires, whenever an amount herein is expressly to be determined with respect to the Combined Companies, such amount shall be determined on a Combined Basis.

• The term "Combined Basis", when used with respect to the determination of any amount, means that such amount is to be determined by combining (i) the relevant amount determined with respect to Renaissance Media (Louisiana) LLC and its consolidated subsidiaries on a consolidated basis and (ii) the relevant amount determined with respect to Renaissance Media (Tennessee) LLC and its consolidated subsidiaries on a consolidated basis, all in accordance with GAAP.

• Purchase any assets or business or make any capital expenditure (other than Required Capital Expenditures, Permitted Capital Expenditures or capital expenditures made with amounts referred to in Section 3.6 (Mandatory Prepayment)) exceeding the equivalent of ten million Dollars ($10,000,000) on a Combined Basis in respect of both Borrowers in any given twelve (12) month period.

More Definitions of Combined Basis

Combined Basis when used with respect to determining any amount, means that such amount is to be determined by combining the relevant amounts for each of the Company's businesses in the same manner and with the same pro-forma adjustments as were used in preparing the Company's combined pro-forma financial statements included in the Form 10.

Combined Basis means, with respect to the Borrowers, the consolidation of the financial information of all the Borrowers in accordance with the consolidation procedures of GAAP, provided that the Guarantees provided by the Borrowers hereunder or provided by any Borrower in respect of Indebtedness of any other Borrower otherwise permitted hereunder and Indebtedness provided by one Borrower to another Borrower otherwise permitted to be incurred hereunder shall not be considered Indebtedness hereunder.

Combined Basis means, in respect of any Cumulative Four Quarter Period, determination of all amounts specified in clause (i) through (vi) of the definition of Consolidated EBITDA, on a basis which combines: (i) the specified amount determined with respect to International and its Subsidiaries on a consolidated basis and (ii) the specified amount determined with respect to any business acquired during such period as if such business were consolidated with International and its Subsidiaries for the immediately preceding Cumulative Four Quarter Period, provided, however, that the specified amount determined with respect to any business sold during such period shall be deleted from any such determination in respect of the immediately preceding Cumulative Four Quarter Period.

Combined Basis means for accounting purposes, consolidating certain financial data of the Borrowers and their affiliates in the manner in which consolidated and consolidating financial statements are prepared under generally accepted accounting principles.

Combined Basis means the notional consolidation of the accounts of the Borrowers, but excluding any intercompany transaction between them. Commitment Fee has the meaning assigned to that term in Section 3.8.1 (Charges and Fees). Commitment Termination Date means the earliest of:

Combined Basis means the method of preparation of combined financial statements generally consistent with the American Institute of Certified Public Accountant's Research Bulletin 51.

Combined Basis means, when used with respect to the determination of any amount for purposes of calculating the Consolidated Leverage Ratio, that such amount is to be determined by combining (i) the relevant amount determined with respect to BPZ Peru and its Consolidated Subsidiaries, and (ii) the relevant amount determined with respect to BPZ Lote Z-1 and its Consolidated Subsidiaries.