Consolidated Adjusted Cash Flow for any period, earnings before income taxes of IBM and its consolidated Subsidiaries for such period, excluding gains or losses from the divestiture or sale of a business, plus, to the extent deducted in arriving at earnings before income taxes of IBM and its consolidated Subsidiaries for such period, the sum of (i) Consolidated Net Interest Expense, (ii) depreciation expense, (iii) amortization expense and (iv) restructuring charges minus the sum of (a) cash payments made during such period in respect of restructuring charges, (b) payments made during such period for plant, rental machines and other property excluding acquisitions of businesses (net of proceeds received during such period from dispositions of plant, rental machines and other property excluding divestitures or sales of businesses) and (c) investment in software for such period, all as determined on a consolidated basis in accordance with GAAP and, where applicable, determined by reference to the consolidated statement of earnings or (including in the case of clauses (b) and (c) above) statement of cash flows of IBM and its consolidated Subsidiaries.

Consolidated Adjusted Cash Flow. With respect to any fiscal period, the sum of (A) EBITDA for such fiscal period, plus (B) non-cash charges (other than charges for depreciation and amortization) for such fiscal period to the extent deducted in determining Consolidated Net Income (or Loss) for such period, less (C) earnings resulting from any reappraisal, revaluation, or write-up of assets.

Consolidated Adjusted Cash Flow means, for any period, the Consolidated Net Income for such period plus, to the extent deducted in determining such Consolidated Net Income, (a) depreciation and amortization for such period, (b) all current and deferred taxes on income, provision for taxes on income, provision for taxes on unremitted foreign earnings which are included in consolidated gross revenues and current additions to reserves for taxes, and (c) Consolidated Interest and Rental Expense, together with those items excluded from the definition of Consolidated Interest and Rental Expense pursuant to the proviso in such definition.

Examples of Consolidated Adjusted Cash Flow in a sentence

As of any date of determination, the ratio of (a) Consolidated Adjusted Funded Debt as of such date to (b) Consolidated Adjusted Cash Flow for the period of the four fiscal quarters most recently ended for which the Company has delivered financial statements.
As of any date of determination, the ratio of (a) Consolidated Adjusted Cash Flow to (b) Consolidated Interest Charges, in each case for the period of the four fiscal quarters most recently ended for which the Company has delivered financial statements.
The Borrower shall not permit or suffer the ratio at any Fiscal Quarter end, as calculated for the four Fiscal Quarters then ending, of Consolidated Adjusted Cash Flow to Consolidated Interest and Rental Expense to be less than 3.0 to 1.0.
The Company shall not permit as of the last day of any fiscal quarter the ratio of (i) Consolidated Adjusted Cash Flow to (ii) Consolidated Fixed Charges for each four-quarter fiscal period ending as of such last day (1) in the event such last day is on or about August 31, 1999 or November 30, 1999, to be less than 1.15 to 1.0, and (2) in the event such last day is on or about February 28, 2000 or thereafter, to be less than 1.25 to 1.0.
On the last day of each fiscal quarter of the Company, Consolidated Adjusted Cash Flow during the period of four consecutive fiscal quarters then ended shall equal or exceed 100% of Consolidated Fixed Charges during such period of four consecutive fiscal quarters.

More Definitions of Consolidated Adjusted Cash Flow

Consolidated Adjusted Cash Flow and "Consolidated EBITDA" in paragraph 10B of the Existing Note Agreement are hereby amended and restated in their entirety to read, respectively, as follows:

Consolidated Adjusted Cash Flow means, for any period, the sum of

Consolidated Adjusted Cash Flow means, with respect to any Person, for any period:

Consolidated Adjusted Cash Flow means, for any period, without duplication (a) Consolidated EBITDA for such period, minus (b) capital expenditures made during such period (other than capital leases and net of net proceeds of purchase money financings and net of net proceeds of Delayed Draw Term Loans made to finance capital expenditures made during such period), minus (c) income taxes paid in cash in respect of such period; all for the Company and its Subsidiaries on a consolidated basis determined in accordance with GAAP.

Consolidated Adjusted Cash Flow means (a) Consolidated EBITDA (before any adjustments to reflect acquisitions, sales and exchanges of property during such period) for each fiscal year of the Borrowers and their Restricted Subsidiaries less (b) the sum of (i) $6,000,000, representing the Borrowers' and their Restricted Subsidiaries estimated Capital Expenditures required to maintain their existing ski resorts, and (ii) cash taxes paid.

Consolidated Adjusted Cash Flow means, for any period,