Common use of Consolidated Total Liabilities Clause in Contracts

Consolidated Total Liabilities. All liabilities of the Borrower and its ------------------------------ Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and classified as such on the consolidated balance sheet of the Borrower and its Subsidiaries, and all other Indebtedness of the Borrower and its Subsidiaries whether or not so classified, provided, --------- however, for purposes of the Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the Borrower or any Subsidiary.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

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Consolidated Total Liabilities. All liabilities of the Borrower and its ------------------------------ Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and classified as such on the consolidated balance sheet of the Borrower and its Subsidiaries, and all other Indebtedness of the Borrower and its Subsidiaries Subsidiaries, whether or not so classified, provided, --------- however, for purposes of the this Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

Consolidated Total Liabilities. All liabilities of the Borrower and its ------------------------------ Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles GAAP and classified as such on the consolidated balance sheet of the Borrower and its SubsidiariesBorrower, and all other Indebtedness of the Borrower and its Subsidiaries Subsidiaries, whether or not so classified, provided, --------- however, for purposes of the Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (DSL Net Inc)

Consolidated Total Liabilities. All liabilities of the Borrower and its ------------------------------ Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and classified as such on the consolidated balance sheet of the Borrower and its Subsidiaries, and all other Indebtedness of the Borrower and its Subsidiaries whether or not so classified, provided, --------- -------- however, for purposes of the Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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Consolidated Total Liabilities. All liabilities of the Borrower and its ------------------------------ -------------------------------- Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles and classified as such on the consolidated balance sheet of the Borrower and its Subsidiaries, Subsidiaries and all other Indebtedness of the Borrower and its Subsidiaries Subsidiaries, whether or not so classified. Consolidated Total Revenue. For any period, provided, --------- however, for purposes the consolidated revenue of the Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the -------------------------- Borrower or any Subsidiaryand its Subsidiaries determined in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Consolidated Total Liabilities. All At any date, all liabilities of the Borrower and its ------------------------------ Subsidiaries determined on a consolidated basis that, in accordance with generally accepted accounting principles and Generally Accepted Accounting Principles, should be classified as such liabilities on the consolidated Consolidated balance sheet of the Borrower and its Subsidiaries, and including, in all other events, all Indebtedness of the Borrower and its Subsidiaries Subsidiaries, whether or not so classified, provided, --------- however, for purposes of the Credit Agreement, Consolidated Total Liabilities ------- shall not include any amounts relating to the deferred revenues of the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Microfluidics International Corp)

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