Consolidated Capital Base definition

Consolidated Capital Base at a particular time for the Capital Corporation and its consolidated Subsidiaries, the sum of (a) the amount shown opposite the item “Total Stockholders’ Equity” on the consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries plus (b) all indebtedness of the Capital Corporation and its consolidated Subsidiaries for borrowed money subordinated (on terms no less favorable to the Administrative Agent and the Banks than the terms of subordination set forth on Schedule I) to the indebtedness which may be incurred hereunder by the Capital Corporation, provided that the sum of clauses (a) and (b) hereof as at the end of a fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of a fiscal year of the Capital Corporation and its consolidated Subsidiaries) shall be determined by reference to the publicly available consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries as at the end of such fiscal quarter and after such adjustments, if any, as may be required so that the sum of the amounts referred to in clauses (a) and (b) is determined in accordance with GAAP. Notwithstanding the foregoing, for purposes of determining compliance with subsection 7.2, adjustments resulting from any accumulated other comprehensive income as reflected on the most recent publicly available consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) shall be deemed not to be included in Consolidated Capital Base.

Consolidated Capital Base means the sum of (i) Consolidated Funded Debt, plus (ii) consolidated deferred taxes of the Company and its Subsidiaries, plus (iii) consolidated stockholders’ equity of the Company and its Subsidiaries, all determined on a consolidated basis in accordance with Generally Accepted Accounting Principles; provided, however, that in determining consolidated stockholders’ equity, any contra account of up to $350,000,000 established for purposes of an employee stock ownership plan or the Company’s Employee Equity Fund (EEF) or the like shall be disregarded and shall not be considered a reduction of stockholders’ equity.

Consolidated Capital Base means the sum of the principal amount of Subordinated Debt outstanding (net of unamortized debt discount) plus the amount of Shareholders' Equity of the Borrower and its Consolidated Subsidiaries, all determined in accordance with GAAP.

Examples of Consolidated Capital Base in a sentence

• Permit the ratio of Consolidated Senior Debt to Consolidated Capital Base as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the end of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be more than 11 to 1.

• Permit the ratio of Consolidated Senior Debt to Consolidated Capital Base as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the end of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be more than 8 to 1.

• Permit ----------------------------------------------------- the ratio of Consolidated Senior Debt to Consolidated Capital Base as at the end of any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the end of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be more than 8 to 1.

• Notwithstanding the foregoing qualification if subsequent to the date hereof LGEC determines to sell its interest in any of such entities, their contribution to Consolidated Capital Base shall be the lesser of the foregoing amount and such amount as represents the estimated Net Proceeds from the sale thereof.

• Permit Consolidated Capital Base at the end of any quarter to be less than the sum of (i) 85% of the Consolidated Capital Base as of the Closing Date after giving effect to the Acquisition, plus (ii) 75% of all net new equity invested in LGEC after the Closing Date, plus (iii) 50% of Consolidated Net Income, if positive, for each fiscal year ending after the Closing Date and prior to the date at which compliance is being determined.

More Definitions of Consolidated Capital Base

Consolidated Capital Base at a particular time for the Capital Corporation and its consolidated Subsidiaries, the sum of (a) the amount shown opposite the item “Total Stockholders’ Equity” on the consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries plus (b) all indebtedness of the Capital Corporation and its consolidated Subsidiaries for borrowed money subordinated (on terms no less favorable to the Administrative Agent and the Banks than the terms of subordination set forth on Schedule I) to the indebtedness which may be incurred hereunder by the Capital Corporation, provided that the sum of clauses (a) and (b) hereof as at the end of a fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of a fiscal year of the Capital Corporation and its consolidated Subsidiaries) shall be determined by reference to the publicly available consolidated balance sheet of the Capital Corporation and its consolidated Subsidiaries as at the end of such fiscal quarter and after such adjustments, if any, as may be required so that the sum of the amounts referred to in clauses (a) and (b) is determined in accordance with GAAP.

Consolidated Capital Base means the sum of the principal amount of all Subordinated Debt outstanding plus the amount of total stockholders' equity (including capital stock and retained earnings and deficits) of LGEC and its Consolidated Subsidiaries (but excluding any retained earnings and deficit of Cine-Groupe Corporation, Christal Films Distribution Inc., Christal Film Productions Inc. and XxxxxxXxw), minus the book value ox xxx xxem of Product having a budgeted Negative Cost in excess of US$8,000,000 which has not been released within 18 months after Completion.

Consolidated Capital Base means on a Consolidated basis, the shareholders' equity of P&F and its Subsidiaries plus, Subordinated Debt, less all intangible assets, including without limitation, organization expenses, intellectual property, goodwill, loans or mortgages due from shareholders and/or employees and/or Affiliates, treasury stock or deferred charges.

Consolidated Capital Base means on a Consolidated basis, the shareholders’ equity of P&F and its Subsidiaries plus, Subordinated Debt, less all intangible assets, including without limitation, organization expenses, intellectual property, goodwill, loans or mortgages due from shareholders and/or employees and/or Affiliates, treasury stock (unless otherwise deducted in the computation of shareholders’ equity) or deferred charges.

Consolidated Capital Base means, on a Consolidated basis for the Financial Parties, the sum of (i) shareholders equity, as reflected on the Consolidated balance sheet of the Company and the other Financial Parties plus (ii) Subordinated Debt minus the sum of (x) intangible assets, (y) items recorded as “due from” shareholders, employees, or Affiliates of the Company, and (z) investments in Affiliates other than the Guarantors, all as determined in accordance with Generally Accepted Accounting Principles, applied on a consistent basis.

Consolidated Capital Base means, at any date, the Consolidated Tangible Net Worth of the Borrower at such date plus 75% of the principal amount of any Special Subordinated Debt outstanding at such date.

Consolidated Capital Base means the sum of the principal amount ------------------------- of Subordinated Debt outstanding plus the amount of total stockholders' equity (including capital stock and retained earnings and deficits) of the Parent and its consolidated subsidiaries, all determined in accordance with GAAP.