Examples of Consolidated Cash Taxes in a sentence
The Company and the Restricted Subsidiaries will cause, for each Quarter, the ratio of (i) Operating Cash Flow for the period of four Quarters ending with such Quarter less Consolidated Cash Taxes paid during such period of four Quarters to (ii) Total Debt Expense for such period of four Quarters ending with such Quarter to be at least equal to 1.50 to 1.
The Company and the Restricted Subsidiaries will cause, for each Quarter, the ratio of (i) Operating Cash Flow for the period of two Quarters ending with such Quarter less Consolidated Cash Taxes paid during such period of two Quarters to (ii) Total Fixed Charges for such period of two Quarters ending with such Quarter to be at least 1.20 to 1.
In addition, the Lenders waived the requirement that tax recapture payments made by the Company associated with the repayment of the 2 1/2% Converts in the second quarter of 2008 up to, but not exceeding $23 million, be included in Consolidated Cash Taxes for the purpose of calculating the Consolidated Fixed Charge Ratio under the Credit Agreement.
The Borrower will not permit the --------------------------- ratio (the "Debt Payment Coverage Ratio") of (a) Consolidated EBITDA minus the --------------------------- sum of Consolidated Capital Expenditures plus Consolidated Cash Taxes to (b) Consolidated Debt Payments for any Test Period ending at the end of any fiscal quarter of the Borrower commencing with Borrower's fiscal quarter ending June 30, 1997 to be less than 1.05 to 1.00.
Consolidated Cash Taxes — for any period, for the Consolidated Parties on a consolidated basis, all Taxes (excluding sales and excise taxes charged to and expected to be paid by customers of the Company, and (ii) property taxes) paid in cash during such period.