Consolidated Quick Assets. All cash and Accounts Receivables (including, without duplication, the unbilled portion of Accounts Receivable for services rendered in the ordinary course of business) of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets, provided that Accounts Receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied and, with respect to such Accounts Receivable, only if payable and outstanding not more than ninety (90) days after the date of the invoices for services rendered or other transaction out of which any such Account Receivable arose; and such notes and Accounts Receivable shall be taken at their face value less reserves pertaining thereto determined to be sufficient in accordance with generally accepted accounting principles. Consolidated Total Interest Expense. For any period, the aggregate amount of interest required to be paid or accrued (excluding accrued interest the payment of which is deferred beyond one year from the date such amount is being determined) by the Borrower and its Subsidiaries during such period on all Indebtedness of the Borrower and its Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any Capitalized Lease, or any synthetic lease referred to in clause (f) of the definition of the term "Indebtedness," and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money, provided, however, when calculating Consolidated Total Interest Expense for any period in which a Permitted Acquisition has occurred, the calculation of Consolidated Total Interest Expense shall be made on a Pro Forma Basis.
Consolidated Quick Assets. All cash, Cash Equivalents, short-term investments, marketable securities and Accounts Receivable of the Borrower Affiliated Group on a Consolidated basis that, in accordance with GAAP, are properly classified as current assets, provided that Accounts Receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied and only if payable and outstanding not more than one-hundred fifty (150) days after the date of the shipment of goods or other transaction out of which such Accounts Receivable arise; and such Accounts Receivable shall be taken at their face value less reserves determined to be sufficient in accordance with GAAP.
Consolidated Quick Assets. All cash and Accounts Receivable of the ------------------------- Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets, provided that accounts receivable shall be included only if good and -------- collectible as determined by the Borrower in accordance with established practice consistently applied; and such accounts receivable shall be taken at their face value less reserves determined to be sufficient in accordance with generally accepted accounting principles.
Consolidated Quick Assets. All cash, Cash Equivalents and Accounts Receivable of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets, provided that for Accounts Receivable arising out of any arrangements the Borrower or any Subsidiary has with any other Person pertaining to the media, publishing or other advertising service being performed by the Borrower or such Subsidiary for such Person, (a) such Accounts Receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied and only if payable and outstanding not more than ninety (90) days from the invoice date of such Accounts Receivable arise; and (b) to the extent any such Accounts Receivable are booked as such by the Borrower or any Subsidiary prior to rendering services or for which any prepayment is expected, such Account Receivable shall only be included to the extent there exists a corresponding liability on the Borrower's consolidated books and records for the amount of any such expected prepayment.
Consolidated Quick Assets receivable shall be taken at their face value less reserves determined to be sufficient in accordance with generally accepted accounting principles. Consolidated Total Interest Expense. For any period, the aggregate amount of interest required to be paid or accrued by the Borrower and its Subsidiaries during such period on all Indebtedness of the Borrower and its Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any Capitalized Lease, or any Synthetic Lease and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money.
Consolidated Quick Assets. All cash and Accounts Receivable of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets, provided that accounts receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied; and such accounts receivable shall be taken at their face value less reserves determined to be sufficient in accordance with generally accepted accounting principles. Consolidated Total Interest Expense. For any period, the aggregate amount of interest required to be paid or accrued by the Borrower and its Subsidiaries during such period on all Indebtedness of the Borrower and its Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any Capitalized Lease, or any synthetic lease referred to in clause (vi) of the definition of the term "Indebtedness," and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money.
Consolidated Quick Assets. All of the assets of the Borrower and its Subsidiaries on a consolidated basis consisting of (i) cash, (ii) Cash Equivalents, (iii) good and collectible accounts receivable as determined by the Borrower in accordance with established practice consistently applied if payable and outstanding not more than sixty (60) days after the date of the shipment of goods or the other transaction out of which any such account receivable arose, and (iv) inventory if and to the extent that the same shall consist of saleable finished goods ready and available for shipment to purchasers thereof; provided that accounts receivable shall be taken at their face value less reserves determined to be sufficient in accordance with generally accepted accounting principles.
Consolidated Quick Assets. All cash and Accounts Receivable of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets, provided that accounts receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied and, with respect to such accounts receivable, only if payable and outstanding not more than ninety (90) days after the date of the shipment of goods or other transaction out of which any such account receivable arose; and such notes and accounts receivable shall be taken at their face value less reserves determined to be sufficient in accordance with generally accepted accounting principles. Consolidated Total Interest Expense. For any period, the aggregate amount of interest required to be paid or accrued by the Borrower and its Subsidiaries during such period on all Indebtedness of the Borrower and its Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any Capitalized Lease, or any synthetic lease referred to in clause (vi) of the definition of the term "Indebtedness," and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money.
Consolidated Quick Assets. All cash, Cash Equivalents and Accounts Receivable of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with GAAP, are properly classified as current assets, provided that Accounts Receivable shall be included only if good and collectible as determined by the Borrower in accordance with established practice consistently applied; and such Accounts Receivable shall be taken at their face value less reserves determined to be sufficient in accordance with GAAP.
