Consolidated Corporate Overhead definition

Consolidated Corporate Overhead means, for any period, the aggregate of all expenditures of Holdings and its Subsidiaries during such period determined on a consolidated basis in accordance with GAAP including, without limitation, all expenditures associated with the compensation and benefits of the corporate officers and staff of Holdings and its Subsidiaries (including the chief executive officers, chief financial officers and chief operating officers thereof) and legal, audit, insurance and accounting costs and expenses associated with the corporate compliance of Holdings and its Subsidiaries and excluding such other expenditures that, in accordance with GAAP, (i) are or should be included in Consolidated Interest Expense, (ii) are taxes based on income, (iii) are capitalized expenditures, (iv) are operating expenses, and (v) are other non-Cash or non-recurring items consented to by Administrative Agent in writing in its sole discretion.
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Consolidated Corporate Overhead means, with respect to any Person for any period, that portion of overhead expense, including salaries, legal, audit, accounting and insurance expense, of such Person and its Subsidiaries that is not directly allocable to the operation of the broadcast systems and other operating assets of such Person and its Subsidiaries during such period.
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Consolidated Corporate Overhead means, in relation to the Parent Company and its Subsidiaries for any period, the portion of the corporate overhead of the Parent Company and its Subsidiaries for such period not directly allocable to the operation of Radio Stations or other operating assets, all as determined on a consolidated basis in accordance with GAAP.
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Examples of Consolidated Corporate Overhead in a sentence

  • The Lenders hereby waive the Borrower's performance of and compliance with the Maximum Consolidated Corporate Overhead covenant contained in Section 9.4(d) of the Credit Agreement insofar as and to the extent that such covenants are applicable to the period ended December 31, 2000.

  • Holdings shall not permit Consolidated Corporate Overhead to exceed $1,200,000 in any period of twelve consecutive fiscal months.

  • Holdings shall not permit Consolidated Corporate Overhead to exceed (x) $2,100,000 in any period of twelve consecutive fiscal months ending on or prior to December 31, 2017 and (y) $1,350,000 in any period of twelve consecutive fiscal months ending after December 31, 2017.

  • Holdings shall not permit Consolidated Corporate Overhead to exceed $2,750,000 in any period of twelve consecutive fiscal months.

  • Holdings shall not permit Consolidated Corporate Overhead to exceed $1,350,000 in any period of twelve consecutive fiscal months.

  • Holdings shall not permit Consolidated Corporate Overhead to exceed $3,750,000 in any period of twelve consecutive fiscal months.


More Definitions of Consolidated Corporate Overhead

Consolidated Corporate Overhead means, for any period, that portion of the overhead expense, including legal, audit, accounting and insurance expense, of Company and its Subsidiaries not directly allocable to the operation of the broadcast systems and other operating assets of Company and its Subsidiaries. Consolidated Corporate Overhead shall include salaries of employees of Company and its Subsidiaries, to the extent that such salaries are not directly allocable to the operation of the broadcast systems and other operating assets of Company and its Subsidiaries.
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Consolidated Corporate Overhead for any period, the aggregate amount expended in cash by the Borrower and Paxsxx Communications Management Company ("Paxsxx Xxxagement") on account of services rendered by them on behalf of Subsidiaries of the Borrower (other than Paxsxx Xxxagement) and for goods consumed by the Borrower and Paxsxx Xxxagement in rendering such services (other than for the national sales personnel associated with the INTV Properties).
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Consolidated Corporate Overhead for any period, the aggregate amount expended in cash by the Borrower, Paxsxx Communications Management Company ("Paxsxx Xxxagement") and PCC Direct, Inc. ("PCC Direct") on account of services rendered by them on behalf of Subsidiaries of the Borrower (other than Paxsxx Xxxagement) and for goods consumed by the Borrower and Paxsxx Xxxagement in rendering such services (other than for the national sales personnel associated with the INTV Properties).
Sample 1
Consolidated Corporate Overhead means, in relation to the Parent Company and its Subsidiaries for any period, the portion of the corporate overhead of the Parent Company and its Subsidiaries for such period not directly allocable to the operation of Radio Stations or other operating assets, LESS, without duplication, and only to the extent reflected as a charge against such portion of the corporate overhead for such period, any non-cash charges or expenses or non-cash losses (including non-cash losses on Sales of assets outside of the ordinary course of business), all as determined on a consolidated basis in accordance with GAAP; provided, however, that, for purposes of calculating the Consolidated Corporate Overhead of the Parent Company and its Subsidiaries for any period, there shall be excluded from such Consolidated Corporate Overhead for such period, the SUM (without duplication) of Consolidated Eligible Charges for such period of the kind described in paragraph (a), (b) or (c) of the definition of that term.
Sample 1
Consolidated Corporate Overhead means, in relation to the Parent Company and its Subsidiaries for any period, the portion of the corporate overhead of the Parent Company and its Subsidiaries for such period not directly allocable to the operation of Radio Stations or other operating assets, all as determined on a consolidated basis in accordance with GAAP; PROVIDED, HOWEVER, that, for purposes of calculating the Consolidated Corporate Overhead of the Parent Company and its Subsidiaries for any period, there shall be excluded from such Consolidated Corporate Overhead for such period, the SUM (without duplication) of Consolidated Eligible Charges for such period of the kind described in PARAGRAPH (a), (b) or (c) of the definition of that term.
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Related to Consolidated Corporate Overhead

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Consolidated Entity means at any date any Subsidiary, and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date.

  • Consolidated Entities as of any date of determination, any entities whose financial results are consolidated with those of Kimco in accordance with GAAP.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Capital means the sum of (i) Consolidated Debt of the Borrower and (ii) the consolidated equity of all classes of stock (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower, in each case determined in accordance with GAAP, but including Equity-Preferred Securities issued by the Borrower and its Consolidated Subsidiaries and excluding the funded pension and other postretirement benefit plans, net of tax, components of accumulated other comprehensive income (loss).

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Income Available for Fixed Charges means, with respect to any period, Consolidated Net Income for such period plus all amounts deducted in the computation thereof on account of (a) Fixed Charges and (b) taxes imposed on or measured by income or excess profits.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Unconsolidated Affiliates means an Affiliate of the Parent Entity or any other member of the Consolidated Group whose financial statements are not required to be consolidated with the financial statements of the Parent Entity in accordance with GAAP.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Unconsolidated Affiliate means, with respect to any Person, any other Person in whom such Person holds an Investment, which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such Person on the consolidated financial statements of such Person.

  • Consolidated Capitalization means, as of any date on which the amount thereof is to be determined, the sum of Consolidated Indebtedness plus Consolidated Net Worth.