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 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.
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.
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.
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.
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 Borrower has delivered financial statements.
More Definitions of Consolidated Adjusted Cash Flow
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.
Consolidated Adjusted Cash Flow means, for any period, the sum of
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, 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, as to any Person, with respect to any period, an amount equal to: (a) the consolidated net income or loss of such Person and its Subsidiaries (excluding to the extent included therein any non-cash gains from extraordinary items and any losses arising from the early extinguishment of the Senior Subordinated Notes) after deducting all charges which should be deducted before arriving at consolidated net income or loss for such period, all as determined in accordance with GAAP and after deducting the Provision for Taxes for such period, plus (b) depreciation for such period, plus (c) amortization for such period, including, without limitation, amortization of capitalized debt issuance costs, plus (d) any increases (or minus any decreases) in any LIFO reserve for such period, plus (e) other non-cash charges for such period (to the extent deducted in the computation of net income or loss) all in accordance with GAAP, minus (f) Capital Expenditures made or accrued during such period (to the extent not otherwise deducted in the computation of net income or loss), minus (g) payments made or accrued in respect of dividends on or redemptions of any shares of capital stock of such Person and its Subsidiaries or pursuant to any tax sharing arrangements or management or consulting fees during such period (to the extent not otherwise deducted in the computation of net income or loss), minus (h) payments made or accrued in respect of principal owing on any Indebtedness for borrowed money (including, without limitation, Indebtedness for borrowed money pursuant to any intercompany loans between Affiliates, except to the extent such Indebtedness is eliminated in the consolidation of the financial statements of such Person and its Subsidiaries in accordance with GAAP) or payments made or accrued in respect of capitalized leases other than the portion of such payments attributable to imputed interest with respect to such capitalized leases (other than as to Borrowers, repayments of the Loans to Agent and/or Lenders made through the application of customer remittances or other proceeds from sales of Inventory in the ordinary course).
Consolidated Adjusted Cash Flow means, with respect to any Person, for any period:
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 and any other non-cash gain or loss arising other than in the ordinary course of 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 income statement or (including in the case of clauses (b) and (c) above) statement of cash flows of IBM and its consolidated Subsidiaries.