Borrowers on a Consolidated Basis definition

Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of the Borrowers and their respective Subsidiaries.

Borrowers on a Consolidated Basis means the consolidation of SYX and the Borrowers and the Subsidiaries of any Borrower (without duplication) in accordance with GAAP, but excluding all Subsidiaries of any Borrower located outside of the United States of America other than UK Borrower.

Borrowers on a Consolidated Basis means Allied Motion, Motor Products, Allied Motion Control, Emoteq, Computer Optical, AMOT I, AMOT II, AMOT III, New Stature and Ahab.

Examples of Borrowers on a Consolidated Basis in a sentence

• Notwithstanding anything to the contrary herein, the calculation of Adjusted EBITDA, EBITDA, Fixed Charge Coverage Ratio and Leverage Ratio (and of any component definition of such terms) shall be determined by reference to the Borrowers on a Consolidated Basis.

• Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flow of Borrowers on a Consolidated Basis as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.

• Borrowers, on a Consolidated Basis, shall maintain at all times during and at the end of each fiscal quarter ending on a date set forth below a Net Worth of not less than the amount set forth below opposite such date: September 30, 2006 $ 8,672,587 December 30, 2006 $ 7,874,372 March 31, 2007 $ 7,464,132 June 30, 2007 $ 7,910,688 September 30, 2007 $ 7,720,385 (c) Leverage Ratio.

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• The provision for taxes on the books of the Borrowers on a Consolidated Basis are adequate in all material respects for all years not closed by applicable statutes, and for its current fiscal year, and no Borrower has knowledge of any deficiency or additional assessment in connection therewith not provided for on its books.

More Definitions of Borrowers on a Consolidated Basis

Borrowers on a Consolidated Basis except to the extent limited in this definition, shall mean the consolidation in accordance with GAAP of the accounts or other items of Borrowers. Presentations of financial information for the Borrowers on a Consolidated Basis shall be consolidated from the applicable audited or unaudited consolidating financial statements of E Com Ventures, Inc. Financial information shall not include footnote disclosure required by GAAP with respect to the Borrowers on a Consolidated Basis, but shall be deemed to include the footnote disclosure contained in E Com Ventures, Inc.'s related audited or unaudited financial statements as it relates to such disclosure related to Borrowers on a Consolidated Basis.

Borrowers on a Consolidated Basis means the Borrowers' accounts or other items as to which such term applies, consolidated in accordance with GAAP.

Borrowers on a Consolidated Basis means the Foster, CXT, Natmaya and Fosmart.

Borrowers on a Consolidated Basis means the consolidation of the accounts or other items of Akrion, Goldfinger and each of their Subsidiaries in accordance with GAAP.

Borrowers on a Consolidated Basis means the consolidation of GIC and the Borrowers and the Subsidiaries of any Borrower (without duplication) in accordance with GAAP, but (i) excluding Misco Germany and (ii) excluding all Subsidiaries of any Borrower not organized under the laws of any of the fifty States of the U.S.

Borrowers on a Consolidated Basis means (i) prior to such time as Portec and its Domestic Subsidiaries join this Agreement as additional Borrowers, or are required by the terms of this Agreement to join as additional Borrowers, Foster, Foster Thomas and CXT, and (ii) at such time as Portec and its Domestic Subsidiaries join this Agreement as additional Borrowers, or are required by the terms of this Agreement to join as additional Borrowers, Foster, CXT, Foster Thomas, Portec and the Domestic Subsidiaries of Portec.

Borrowers on a Consolidated Basis means (i) prior to such time as Portec and its Domestic Subsidiaries join this Agreement as additional Borrowers, or are required by the terms of this Agreement to join as additional Borrowers, Xxxxxx, Xxxxxx Xxxxxx and CXT, and (ii) at such time as Portec and its Domestic Subsidiaries join this Agreement as additional Borrowers, or are required by the terms of this Agreement to join as additional Borrowers, Xxxxxx, CXT, Xxxxxx Xxxxxx, Portec and the Domestic Subsidiaries of Portec.