Examples of Consolidated Adjusted Tangible Assets in a sentence

For the avoidance of doubt, if and to the extent that any Indebtedness is incurred to refinance, refund or replace any Indebtedness secured by Liens permitted under any clause of the definition of “Permitted Liens” or Section 4.08(b) that is limited by a percentage of Consolidated Adjusted Tangible Assets, the Indebtedness so incurred may be secured by Liens pursuant to such clause or subclause, or Section 4.08(b) at such time.
For the avoidance of doubt, if and to the extent that any Indebtedness is incurred to refinance, refund or replace any Indebtedness secured by Xxxxx permitted under any clause of the definition of “Permitted Liens” or Section 4.08(b) that is limited by a percentage of Consolidated Adjusted Tangible Assets, the Indebtedness so incurred may be secured by Liens pursuant to such clause or subclause, or Section 4.08(b) at such time.
The Company shall cause each corporation which becomes a Restricted Subsidiary after the date of this Agreement (and which on a pro forma basis accounts for more than ten percent (10%) of Consolidated Adjusted Tangible Assets) to guaranty the payment and performance of the Notes pursuant to a guaranty agreement (acceptable to the Required Holders) to the effect and substantially in the form of Section 10 to this Agreement.

More Definitions of Consolidated Adjusted Tangible Assets

Consolidated Adjusted Tangible Assets of the Company as of any date means the Consolidated Tangible Assets of the Company and the Restricted Subsidiaries at the end of the fiscal quarter immediately preceding the date less (a) any assets securing any Non-Recourse Indebtedness, as determined in accordance with GAAP and (b) all short term liabilities of the Company and the Restricted Subsidiaries, except for liabilities payable by their terms more than one year from the date of determination (or renewable or extendible at the option of the obligor for a period ending more than one year after such date) and liabilities in respect of retiree benefits other than persons for which the Company or the Restricted Subsidiaries are required to accrue pursuant to Statement of Financial Accounting Standards No. 106.

Consolidated Adjusted Tangible Assets means the consolidated total assets of the Guarantor and its subsidiaries as reflected in the Guarantor's most recent consolidated balance sheet prepared in accordance with the Guarantor's accounting policies and generally accepted accounting principles, less (i) goodwill, trademarks, trade names, patents, unamortized debt discount and expense, and other deferred charges, (ii) total current liabilities except for (1) notes and loans payable, (2) current maturities of long-term debt and (3) current maturities of obligations under capital leases, (iii) deferred credits and other noncurrent obligations (including minority interests in consolidated subsidiaries and reserves -- employee annuity plans and other reserves which may hereafter be defined in the Guarantor's accounting policies).

Consolidated Adjusted Tangible Assets means the Adjusted Tangible Assets of the Borrower and its Subsidiaries at such date determined on a consolidated basis.

Consolidated Adjusted Tangible Assets means all assets of the Parent and its Subsidiaries on a consolidated basis except: (i) any surplus resulting from any write-up of assets subsequent to September 30, 1998;

Consolidated Adjusted Tangible Assets means, as at any date of determination, the total amount of all assets of Holdings and its Restricted Subsidiaries as shown on the consolidated balance sheet of Holdings for the then most recently completed fiscal quarter for which internal financial statements are available, less, without duplication, Intangible Assets and assets purchased, constructed, leased, installed or [[5471418]] improved after the Issue Date with the proceeds of Indebtedness secured by a Lien described in any of clauses (b), (c) or (e) of the definition of “Permitted Liens”; provided that assets of Restricted Subsidiaries that are not Wholly Owned Subsidiaries of the Restricted Parent will be included in the calculation of Consolidated Adjusted Tangible Assets only to the extent the Capital Stock of such Restricted Subsidiaries is owned by the Restricted Parent and/or any Restricted Subsidiary of the Restricted Parent, in each case, determined on a consolidated basis in accordance with Applicable Accounting Standards. In addition, for purposes of calculating the Consolidated Adjusted Tangible Assets, investments, acquisitions, mergers, consolidations, dispositions, amalgamations, discontinued operations (as determined in accordance with Applicable Accounting Standards) any operational changes and changes in the composition of the Restricted Subsidiaries that have been made by Holdings or any of its Restricted Subsidiaries, or any Person or any of its Restricted Subsidiaries acquired by, merged or consolidated with Holdings or any of its Restricted Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries, subsequent to the end of the most recently completed fiscal quarter and on or prior to the date of determination will be given pro forma effect as if they had occurred at the end of such fiscal quarter. For purposes of this definition, whenever pro forma effect is given to a transaction or other event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Issuer.

Consolidated Adjusted Tangible Assets definition

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