Adjusted Fixed Charges means, for any period, as determined for the Lead Borrower and its Subsidiaries on a Consolidated basis, without duplication, the sum of (a) Consolidated Interest Expense during such period, (b) Maintenance Capital Expenditures during such period, (c) scheduled principal payments of Indebtedness payable over the course of the preceding four (4) Fiscal Quarters, (d) federal, state, local, and foreign income taxes net of refunds received, to the extent any such taxes are paid in cash during such period (excluding taxes paid to repatriate foreign earnings for fiscal periods which are more than twelve months prior to the date of determination of Adjusted Fixed Charges for any period), and (e) Restricted Payments during such period, excluding any Restricted Payments (x) consisting of dividends or distributions made in Capital Stock under clause (a) of the definition thereof and (y) permitted under Section 6.7(a)(iii).
Adjusted Fixed Charges means (without duplication), for any period and with respect to any Person, (a) Fixed Charges for such period plus (b) any dividends on any equity interests in such Person of any class (except dividends payable solely in shares of common stock) paid during such period.
Adjusted Fixed Charges means, for any period, without duplication, the sum for such period of (i) Fixed Charges, plus (ii) all dividends paid by the Borrower, plus (iii) the aggregate amount paid, or required to be paid, in cash by the Borrower and its Subsidiaries in respect of income taxes (including deferred taxes), plus (iv) all scheduled payments of principal made by the Borrower or any Subsidiary with respect to Consolidated Funded Debt (excluding principal payments on the Senior Notes and payments on the Loans hereunder).
Examples of Adjusted Fixed Charges in a sentence
At the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 1999, the ratio of (a) Adjusted Cash Flow minus Maintenance Capital Expenditures to (b) Adjusted Fixed Charges, in each case for the current Fiscal Quarter and the immediately preceding 3 Fiscal Quarters, shall not be less than 1.25 to 1.00.
The defined terms "Adjusted Fixed Charges" and "Adjusted Fixed Charges Coverage Ratio" are deleted in their entirety.
As of the last day of any fiscal quarter, the ratio of (a) EBITDA, to (b) Adjusted Fixed Charges, in each ease for the Companies on a consolidated basis and for the twelve (12) month period ending on the date of determination, to be less than 2.0 to 1.0.
Members have the right to apply to the Secretary for their personal information to be kept private.
At the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 1999, the ratio of Adjusted Cash Flow for the Fiscal Quarter then ended and the immediately preceding three Fiscal Quarters to Adjusted Fixed Charges for the Fiscal Quarter then ended and the immediately preceding three Fiscal Quarters, shall be equal to or exceed 3.5 to 1.00 at all times.
More Definitions of Adjusted Fixed Charges
Adjusted Fixed Charges means the sum, for any period, of interest expense, determined in accordance with GAAP, plus Rent Expense.
Adjusted Fixed Charges means, for any Person for any period, the sum of (a) all Debt Service during such period, (b) all Distributions paid or payable during such period in respect of any preferred Stock of such Person, and (c) all actual Capital Expenditures during such period.
Adjusted Fixed Charges means, for purposes of determining whether a particular payment under Section 6.08(b)(vi) or a particular Investment (each a “Subject Transaction”) may be made or consummated pursuant to the terms of this Agreement, with reference to any period, without duplication, cash Interest Expense for such period, plus scheduled principal payments on Indebtedness made during such period (excluding (A) any scheduled payment on Indebtedness to the extent funded with additional Indebtedness permitted under Section 6.01 and (B) principal payments in respect of (i) the Revolving Loans or (ii) Indebtedness owing under the Receivables Securitization Agreements, plus expense for taxes paid in cash for such period, plus Restricted Payments (other than Restricted Payments made by any Loan Party or any Restricted Subsidiary of a Loan Party to any Loan Party or to one or more Intermediate Holding Companies that subsequently distribute the proceeds of such Restricted Payments to one or more Loan Parties) paid in cash during such period, plus Capital Lease Obligation payments and unfinanced Capital Expenditures made in cash during such period (other than any such Capital Lease Obligation payments or Capital Expenditures to the extent that such Capital Lease Obligation payments or Capital Expenditures are made with proceeds from (A) the sale of assets not constituting ABL Priority Collateral and such sale is permitted by this Agreement, (B) sale of Equity Interests permitted by this Agreement, (C) trade-ins of machinery, equipment or motor vehicles or (D) insurance covering any loss or damage to Collateral), plus cash contributions to any Plan or any Canadian Pension Plan for such period to the extent such contributions have not been deducted in the calculation of EBITDA for such period, plus Investments made under Section 6.04(o) during such period (including without limitation, any such Investment made under Section 6.04(o) to be made in respect of the Subject Transaction), all calculated for Holdings and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP.
Adjusted Fixed Charges means, with respect to any Person for any period, the sum, without duplication, of the total amount of accrued or paid interest (including, without limitation, interest expense attributable to Capitalized Lease Obligations, but excluding amortization of original issue discount on any Indebtedness, the interest portion of any deferred payment obligation and non-cash interest which is payable in kind with additional Indebtedness and dividend payments on any series of Disqualified Stock) with regard to Indebtedness of such Person and its Wholly Owned Subsidiaries for such period.
Adjusted Fixed Charges means, with respect to any Person for any period, the sum of (a) Consolidated Interest Expense of such Person actually paid in cash for such period, (b) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock (including any Designated Preferred Stock) or any Refunding Capital Stock of such Person required to be made during such period, (c) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Equity Interests required to be made during such period and (d) solely for purposes of calculating the Adjusted Fixed Charge Coverage Ratio in connection with the payment of dividends pursuant to Section 10.5(a), without duplication of any payments already constituting Adjusted Fixed Charges, the amount of any such dividend paid in cash during such period (but excluding dividends paid to the Lead Borrower or any of its Restricted Subsidiaries).
Adjusted Fixed Charges means, for any period, as determined for the Lead Borrower and its Subsidiaries on a Consolidated basis, without duplication, the sum of (a) Consolidated Interest Expense during such period, (b) Maintenance Capital Expenditures during such period,
Adjusted Fixed Charges means, with respect to any fiscal period and with respect to Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP, the sum, without duplication, of (a) Interest Expense (other than payment-in-kind and non-cash financing expenses) accrued during such period (exclusive of any Interest Expense described in clause (d) below), (b) principal payments in respect of Indebtedness that are required to be paid during such period, (c) all federal, state, and local income taxes accrued during such period, and (d) any cash interest payments accrued during such period in respect of any Subordinated Indebtedness of the Parent and its Subsidiaries owing to Steel Partners, calculated on a pro forma basis as if such interest accrued on such debt during the twelve month period ending on the last day of such period."