CONSOLIDATED VERSION Clause Samples

The "Consolidated Version" clause defines which version of a contract or agreement is considered the authoritative, up-to-date text that incorporates all amendments, modifications, or supplements made over time. In practice, this clause ensures that all parties refer to a single, unified document that reflects every change agreed upon, rather than having to cross-reference multiple separate documents or amendments. Its core function is to prevent confusion and disputes by providing a clear, consolidated reference point for the parties’ rights and obligations.
CONSOLIDATED VERSION. For ease of reference, a consolidated version of the Project Development Agreement that reflects the amendments contemplated in clause 1 of this Agreement is attached as Appendix I hereto.
View Source
CONSOLIDATED VERSION. Notwithstanding the above, no Founding Shareholder may use any IP Developments in any activity which is one of the JV Activities whether during its Founding Shareholder NC Period or thereafter.
View Source
CONSOLIDATED VERSION. Designated Employee shall remain in the employ of the relevant Party but be seconded to the JV for two years pursuant to a secondment agreement to be determined by the Parties (“Secondment Agreement”).
View Source
CONSOLIDATED VERSION their consent thereto and shall indemnify Orbotech and the JV from and against any claims made by any of its subsidiaries in this respect); and (b) enter into exclusive arrangements with Orbotech’s subsidiaries whereby such subsidiaries shall serve as the JV’s exclusive worldwide sales and customer support agents, subject to the provisions of Section 7.2 hereof. For the removal of doubt, it is hereby clarified that the provisions of this Section 7.5 are not intended to create a binding obligation upon Valor to cease the marketing of the JV Products but are meant to serve as a general declaration of intent only.
View Source
CONSOLIDATED VERSION balance sheet as at the end of such quarter (prepared on a consolidated basis, if applicable), and related statements of changes in shareholder’s equity, together with a cash flow statement, all for each such quarter and for that part of the fiscal year of the JV Entity then ended, reviewed by the independent certified public accountants of the JV.
View Source

Related to CONSOLIDATED VERSION

  • Consolidated Total Liabilities All liabilities of the Borrowers determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

  • Consolidated With reference to any term defined herein, that term as applied to the accounts of a Person and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Consolidated Net Worth The Company will not permit Consolidated Net Worth at any time to be less than US$165,000,000 plus the cumulative sum of 25% of Consolidated Net Earnings (but only if a positive number) for each fiscal quarter ending after June 30, 2004.