Adjusted GAAP Tax Rate definition

Adjusted GAAP Tax Rate means fifteen percent (15%).
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Adjusted GAAP Tax Rate means the applicable tax rates determined in accordance with GAAP, adjusted for earnings and the related tax expense associated with the adjustments specified in the definition of Adjusted GAAP Operating Income.
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Adjusted GAAP Tax Rate means fourteen percent (14%).
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Related to Adjusted GAAP Tax Rate

  • Consolidated Net Interest Expense means, for any period, the aggregate net amount of interest payments of the Borrower and its Consolidated Subsidiaries, determined and consolidated in accordance with GAAP, excluding, however, such amounts as arise from the amortization of capitalized interest, discount and fees reflected as an asset on the Borrower’s books and records on the Closing Date.