Consolidated Fixed definition

Consolidated Fixed. CHARGES" for any twelve-month period shall mean the sum (without duplication) of (i) interest on mortgage bonds, (ii) interest on other long-term debt, (iii) other interest expense, including interest on short-term debt and the current portion of long-term debt, and (iv) preferred stock dividends and preferred securities distributions of Subsidiaries, all determined for such twelve-month period with respect to TXU and its Consolidated Subsidiaries on a consolidated basis. For purposes of such calculation, long-term debt shall not include the principal amount of, or interest on, Qualified Transition Bonds.

Consolidated Fixed means, for any period, the sum of Charges" the following on a Consolidated basis:

Examples of Consolidated Fixed in a sentence

Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries shall be included (without duplication) in the determination of Consolidated Fixed Charges.
Permit the Consolidated Fixed Charge Coverage Ratio at any time to be less than 1.20 to 1.00.
Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates shall be included in the determination of Consolidated Fixed Charges.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50 to 1.00.

Consolidated Fixed. Charges shall mean, for any period of determination, the sum of interest incurred (capitalized and expensed) and scheduled principal installments of Indebtedness, in each case of the Borrower and its Subsidiaries for such period determined and consolidated in accordance with GAAP.

Consolidated Fixed. CHARGES shall mean, for the period in question, the sum of (a) the aggregate amount of all principal payments required to be made by Borrower and its Subsidiaries on all Debt during such period (including the principal portion of payments in respect of Capitalized Leases but excluding principal payments on the Loans), plus (b) Consolidated Interest Expense during such period, PLUS (b) Consolidated Operating Lease Expense during such period, PLUS (d) the lesser of (i) all Capital Expenditures made by Borrower and its Subsidiaries during such period (net of any Debt incurred by Borrower or such Subsidiary (other than Loans) to finance such Capital Expenditure) or (ii) $10,000,000.00 plus (e) all provisions for any Federal, state, local and/or foreign income taxes made by Borrower and its Subsidiaries during such period (whether paid or deferred) PLUS (f) all dividends paid by Borrower on or with respect to any of its capital stock during such period, all determined on a consolidated basis and in accordance with GAAP."

Consolidated Fixed. Charges shall mean, with respect to the Borrower for any period, the sum, without duplication, of (i) Consolidated Interest Expense, plus (ii) the product of (x) the amount of all dividend payments on any series of Preferred Stock (as defined in the Indenture) of the Borrower (other than dividends paid in Qualified Capital Stock (as defined in the Indenture) paid, accrued or scheduled to be paid or accrued during such period times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective consolidated federal, state and local tax rate of such Person, expressed as a decimal.

Consolidated Fixed. Charges" appearing in Section 11 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting the following new definition in lieu thereof:

Consolidated Fixed. CHARGES" - for any period, the sum (without duplication) of the amounts for such period of (i) Consolidated Interest Expense, (ii) provisions for taxes based on income and (iii) regularly scheduled payments of principal of Debt made during such period, all of the foregoing as determined on a Consolidated Basis for the Borrower and all Subsidiaries in conformity with GAAP. Notwithstanding anything to the contrary in this definition, for purposes hereof, the term "Consolidated Fixed Charges" shall be computed, on a consistent basis, to reflect purchases and acquisitions by permitted merger or otherwise (including the Merger) made by the Borrower and the Subsidiaries during the relevant period as if they occurred at the beginning of such period.

Consolidated Fixed. Charges" in Section 1.1 of the Credit Agreement is hereby amended by:

Consolidated Fixed. Charges shall mean, for any period of determination, the sum of: