Combined Current Liabilities means all liabilities of the Loan Parties on a combined basis, maturing on demand or within one (1) year from the date as of which Combined Current Liabilities are to be determined, and such other liabilities as may properly be classified as current liabilities in accordance with GAAP.
Combined Current Liabilities at a particular date, all amounts which would, in conformity with GAAP, be set forth opposite the caption "total current liabilities" (or any like caption) on a combined balance sheet of the Borrowers and their Subsidiaries at such date, but excluding (a) the current portion of any Funded Debt of the Borrowers and their Subsidiaries and (b) without duplication of clause (a) above, all Indebtedness consisting of Revolving Credit Loans or Swing Line Loans to the extent otherwise included therein.
Combined Current Liabilities means, for any Measurement Period, the aggregate of the Borrowers’ and their Subsidiaries’ aggregate liabilities falling due within twelve (12) months (including any long term debt falling due within twelve (12) months, accounts payable, taxes, and payments in lieu of taxes and required dividends), all as determined on a Combined basis in accordance with GAAP; provided that for the purposes of determining the Current Ratio, Combined Current Liabilities shall not include (x) non-cash losses arising from unliquidated Hedge Agreements or (y) deferred tax liabilities.
Examples of Combined Current Liabilities in a sentence
At all times prior to the release of the Collateral by Bank pursuant to Section 7.16 hereof, Borrower shall maintain a ratio of Combined Current Assets to Combined Current Liabilities (including the outstanding principal balance of the Revolving Loans and the current portion of the Term Loan) ("Current Ratio") of not less than 1.0 to 1 at December 31, 1994 and as of each fiscal quarter thereafter.
More Definitions of Combined Current Liabilities
Combined Current Liabilities means, for any Measurement Period, the aggregate of the Borrowers’ and their Subsidiaries’ aggregate liabilities falling due within twelve (12) months (including, without limitation, any long term debt falling due within twelve (12) months, accounts payable, taxes, and payments in lieu of taxes and required dividends), all as determined on a Combined basis in accordance with GAAP, provided that non-cash losses arising from unliquidated Hedge Agreements shall be excluded from the calculation of Combined Current Liabilities.
Combined Current Liabilities means, as of any date of determination, those Liabilities of the Partnerships classified as “current liabilities” under GAAP.
Combined Current Liabilities. Combined Indebtedness", "Combined Interest Expense", "Combined Net Income", "Combined Shareholders' Equity" and "Excess Cash Flow" appearing in Section 11 of the Credit Agreement are hereby amended, but only for all periods occurring after the Reorganization Merger Date, by changing the term "combined consolidated" in each place it appears therein to "consolidated."
Combined Current Liabilities means all liabilities of the Loan Parties on a combined basis, maturing on demand or within one (1) year from the date as of which Combined Current Liabilities are to be determined (provided, notwithstanding the foregoing, the outstanding principal amount of Revolver Loans for which the proceeds thereof have been used for purposes other than to fund working capital will not constitute a Combined Current Liability unless such Revolver Loans mature on demand or within 305 days from the date as of which such Combined Current Liabilities are to be determined), and such other liabilities as may properly be classified as current liabilities in accordance with GAAP.
Combined Current Liabilities means, at any time, the combined consolidated current liabilities of the Parent Companies and their Subsidiaries at such time, but excluding the current portion of any Indebtedness under this Agreement and the current portion of any other long-term Indebtedness which would otherwise be included therein.
Combined Current Liabilities of the Combined Group Members at any date, all amounts that would, in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a combined balance sheet of such Combined Group Members at such date plus the Combined Group Members’ pro-rata share of such amounts from their Unconsolidated Joint Ventures, but excluding (a) the current portion of any Funded Debt of the Combined Group Members and (b) without duplication, with respect to the Borrower, all Indebtedness consisting of Revolving Credit Loans or Swing Line Loans, to the extent otherwise included therein.
Combined Current Liabilities means, with respect to the Borrowers, ---------------------------- H.O.T. Kidz and their Subsidiaries, at any date, the aggregate amount of all liabilities (including tax and other proper accruals) which would be classified as current liabilities of the Borrowers, H.O.T. Kidz and their Subsidiaries and for purposes of this Agreement, including the outstanding principal amount of the Notes, all computed and combined in accordance with GAAP.