Adjusted Consolidated Total Assets definition

Adjusted Consolidated Total Assets determined on a Consolidated basis in accordance with GAAP for Borrower and its Subsidiaries, the sum (without duplication) of the following:

Adjusted Consolidated Total Assets means, as of any date of determination, Equinix’s consolidated total assets as shown on the consolidated balance sheet of Equinix and its Subsidiaries as of the end of the immediately preceding fiscal year delivered to the Administrative Agent and the Lenders under Section 6.01(a); provided that if, during the fiscal year in which such date of determination occurs, any Transaction was consummated, “Adjusted Consolidated Total Assets” shall also include the result of (a) the aggregate book value of the total assets acquired by Equinix or its Subsidiaries pursuant to such Transaction as of the date of such consummation minus (b) the aggregate book value of all assets sold or required to be sold as a result of such Transaction, in each case solely to the extent that the foregoing were not included in Equinix’s consolidated total assets as of the end of the immediately preceding fiscal year.

Adjusted Consolidated Total Assets means, at any date of determination, the net book value of all assets of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 26, 2009.

Examples of Adjusted Consolidated Total Assets in a sentence

• Permit the book value of the Ancillary Assets at any time to be more than 25% of the Adjusted Consolidated Total Assets of the Borrower and its Subsidiaries determined on a Consolidated basis in accordance with GAAP at such time.

• Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the book value of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

• Engage, directly or indirectly, or permit any Subsidiary or Joint Venture to engage, in the ground-up development of Real Property except for the ground-up development of New Construction Assets to be used principally as a retail shopping center, provided that the cost of New Construction Assets by Borrower and its Subsidiaries and Joint Ventures shall not at any time exceed fifteen percent (15%) of the Borrower’s Adjusted Consolidated Total Assets.

• The Administrative Agent shall have received evidence in form and substance satisfactory to the Administrative Agent, that the sum of (a) outstanding principal balance of the Loans on the Effective Date plus (b) the sum of the Subject Property Indebtedness as of the Effective Date, is not greater than seventy-five percent (75%) of the then Subject Property Adjusted Consolidated Total Assets.

• Permit the book value of the Ancillary Assets at any time to be more than 25% of the Adjusted Consolidated Total Assets of the Borrower and its Subsidiaries on a Consolidated basis at such time.

More Definitions of Adjusted Consolidated Total Assets

Adjusted Consolidated Total Assets means the total assets (excluding intangible assets) of the Issuer and its Subsidiaries as shown on the most recent audited annual or unaudited semi-annual, as the case may be, consolidated balance sheet of the Issuer;

Adjusted Consolidated Total Assets means with respect to the Company, for any date, the sum of, without duplication, the Adjusted Total Assets of the Company and all Restricted Subsidiaries.

Adjusted Consolidated Total Assets means Consolidated Total Assets of the Corporation and its consolidated subsidiaries plus, with respect to any consolidated assets of an unconsolidated entity, the Corporation and its consolidated subsidiaries' pro rata share of the consolidated assets of such unconsolidated entity using the method of computation set forth in the definition of Consolidated Total Assets.

Adjusted Consolidated Total Assets means, as of any date of determination, the Parent Guarantor’s consolidated total assets as shown on the consolidated balance sheet of the Parent Guarantor and its Subsidiaries as of the end of the immediately preceding fiscal year delivered to the holders of Notes pursuant to Section 7.1(b); provided that if, during the fiscal year in which such date of determination occurs, any Permitted Acquisition was consummated, “Adjusted Consolidated Total Assets” shall also include the result of (a) the aggregate book value of the total assets acquired by the Parent Guarantor or its Subsidiaries pursuant to such Permitted Acquisition as of the date of such consummation minus (b) the aggregate book value of all assets sold or required to be sold as a result of such Permitted Acquisition, in each case solely to the extent that the foregoing were not included in the Parent Guarantor’s consolidated total assets as of the end of the immediately preceding fiscal year.

Adjusted Consolidated Total Assets means, at any time, the total assets of Flowers and its Restricted Subsidiaries, with any investments in Unrestricted Subsidiaries included as assets as

Adjusted Consolidated Total Assets means, as of any date of determination, Consolidated Total Assets less the sum of (i) Non-Recourse secured Indebtedness issued or incurred by the Borrower, (ii) Indebtedness issued or incurred by Subsidiaries of the Borrower (other than such Indebtedness that is not Non-Recourse to the Borrower) and (iii) Indebtedness issued or incurred by CLOs (other than such Indebtedness that is issued to or held by the Borrower, any of its Subsidiaries or any other CLO).

Adjusted Consolidated Total Assets on a consolidated basis for Borrower and its Subsidiaries, Adjusted Consolidated Total Assets shall mean the sum (without duplication) of the following: