Consolidated Fixed. Charges" for any period, with respect to Tenant and its consolidated Subsidiaries, shall mean the sum of the total interest expense for such period and rent or lease payments for such period, determined on a consolidated basis in accordance with GAAP, but excluding interest paid in respect of Qualified Subordinated Debt.
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. Charges shall mean, for any period of determination, the sum of interest expense, expenses under operating leases, cash income tax expense, current maturities of long term Indebtedness, Earn-outs, capitalized expenditures of the type referred to in Section 8.2(p) and current principal payments under capitalized leases (for the twelve (12) month period following the date of determination) in each case of Integra and its Subsidiaries for such period determined and consolidated in accordance with GAAP.
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 fiscal quarter of the Borrower to be less than 1.25 to 1.0.
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Fixed Charge Coverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
More Definitions of Consolidated Fixed
Consolidated Fixed. Charges shall mean, for any period, with respect to the Company and its subsidiaries, on a consolidated basis, the sum of, without duplication, (a) Consolidated Interest Expense paid or due in cash for such period, (b) the amount of all fees and costs and expenses paid or due to the Lender and the Issuing Bank, on one hand, and CIT, on the other hand, in connection with the transactions contemplated by this Financing Agreement and the CIT Transaction Documents during such period, (c) the amount of all fees and costs and expenses paid to JPMorgan Chase Bank, N.A. and the other financial institutions under the JPMorgan Chase L/C Assumption Agreement in connection with the transactions contemplated by JPMorgan Chase L/C Assumption Agreement and the Existing Letters of Credit during such period, (d) the amount of all fees and costs and expenses paid to the holders of the Existing Indebtedness in connection with the transactions contemplated by the Existing Indebtedness during such period, (e) the amount of principal repaid in cash or scheduled to be repaid on Indebtedness during such period (other than (i) the Revolving Loans under the CIT Financing Agreement, (ii) the principal repaid in connection with distribution described in clause (b) of the definition of Permitted Distributions, (iii) principal repaid in full with the proceeds of Revolving Loans under the CIT Financing Agreement or Permitted Indebtedness and (iv) principal repaid in connection with a contractual mandatory prepayment required as a result of the sale of assets by the Company or its consolidated subsidiaries or as a result of any such person issuing equity or debt securities, to the extent such sale or issuance is permitted under this Financing Agreement), (f) all payments made or due in respect of Capital Leases during such period, (g) all federal, state and local income tax expenses paid or due during such period, (h) unfinanced Capital Expenditures incurred during such period, (i) payments permitted by Section 7.4(i) of this Financing Agreement which are made in cash during such period and, without duplication, all other amounts paid in cash to Sun Capital or any of its affiliates during such period (other than (i) the one-time payment to Sun Capital or its affiliate described in Section 7.4(i)(iii)(A) of this Financing Agreement, (ii) Permitted Management Fee Payments made in accordance with Section 7.4(i) of this Financing Agreement, and (iii) trade payables owing to a portfolio compa...
Consolidated Fixed. Charges shall mean, with respect to FiberMark 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 either Indenture) of FiberMark (other than dividends paid in Qualified Capital Stock 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, plus (iii) scheduled payments in respect of the principal of all Indebtedness of FiberMark and its Subsidiaries for such period, including that portion of Capitalized Lease Obligations for such period attributable to principal amortization in accordance with GAAP (it being understood that amortization in respect of the Brattleboro Collateral shall not be deemed to constitute payments in respect of the principal of Indebtedness), plus (iv) all federal, state and foreign income taxes incurred by FiberMark and its Subsidiaries for such period, determined on a cash basis, plus (v) all Capital Expenditures for such period, to the extent not paid with the proceeds of Indebtedness.
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 means, for any period, the sum of Charges" the following on a Consolidated basis:
Consolidated Fixed. Charges shall mean, for any period of determination, the sum of:
Consolidated Fixed. Charges shall mean the sum of all of the Borrower's and its Consolidated Subsidiaries' expenses under any operating leases within the specified period of any such calculation, plus interest paid during such specified period, including, without limitation, interest charges during such period under any Capitalized Leases, plus all income taxes paid during the specified period of such calculation, plus all payments of principal made on any Subordinated Debt as permitted to be paid pursuant to the terms of the subordination and standby agreement or intercreditor agreement made between Agent and the holder of any such Subordinated Debt, plus Capital Expenditures made during the specified period of any such calculation, excluding any expenditures for capital assets acquired by Borrower and its Consolidated Subsidiaries in an Acceptable Acquisition.
Consolidated Fixed. Charges shall mean, with respect to -------------------------- any period, for the Borrowers and their Subsidiaries on a Consolidated basis, the sum of (a) Interest Expense paid or required to be paid in cash during such period, plus (b) the sum of principal scheduled to be paid ---- during such period in respect of Consolidated Funded Debt (including the principal portion of Capitalized Lease Obligations, but excluding for the avoidance of doubt, principal payments made in respect of revolving credit facilities, whether domestic or foreign, principal payments made with the proceeds of equity issuances, asset sales, and/or insurance recoveries and the repayment of Indebtedness under the Existing Loan Agreement), plus (c) Distributions made during such period, plus (d) ---- ---- cash contributions to pension plans in excess of pension expense during such period.