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

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.

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 1.25 to 1.0.

More Definitions of Consolidated Fixed

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" (Paragraph 1.18); "Consolidated Interest Expense" (Paragraph 1.19); "Consolidated Net Income" (Paragraph 1.21); "Consolidated Total Debt" (Paragraph 1.22); and "Net Profit" (Paragraph 1.42).

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 the Indenture) of FiberMark (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 Interest Expense shall mean, with respect to FiberMark for any period, the sum of, without duplication: (i) the aggregate of the interest expense of FiberMark and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including without limitation, (a) any amortization of debt discount, (b) the net costs under Interest Swap Obligations, (c) the capitalized interest and (d) the interest portion of any deferred payment obligation; and (ii) the interest component of Capitalized Lease Obligations paid, accrued and/or scheduled to be paid or accrued by FiberMark and its Subsidiaries during such period as determined on a consolidated basis in accordance with GAAP.

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 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.

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, for any period of determination, the sum of: