Consolidated Fixed definition
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 means, for any period, the sum of Charges" the following on a Consolidated basis:
Examples of Consolidated Fixed in a sentence
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 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 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.
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.
More Definitions of Consolidated Fixed
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:
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, and subject to Section 1.7, the sum, without duplication, of (a) Consolidated Interest Expense, (b) scheduled payments of principal on Consolidated Total Debt (excluding Indebtedness between or among Holdings or any Restricted Subsidiary and Holdings or any Restricted Subsidiary) paid or payable in cash, and (c) Dividends (on any class of Stock) paid in cash during such period (other than Dividends paid by a Restricted Subsidiary of Holdings to a Loan Party).
Consolidated Fixed. CHARGES - with respect to any period, the sum of (i) interest expense of Borrower and its Subsidiaries for such period in respect of all Indebtedness for Money Borrowed, PLUS (ii) tax expense of Borrower and its Subsidiaries for such period, PLUS (iii) regularly scheduled payments of principal on Indebtedness for Money Borrowed required to be paid by Borrower and its Subsidiaries during such period, PLUS (iv) rentals for aircraft leased by Borrower or any of its Subsidiaries paid or required to be paid by Borrower and its Subsidiaries during such period (except for the above market component of such rentals which are capitalized in accordance with GAAP), PLUS (v) Distributions paid by Borrower during such period, PLUS (vi) Non-Financed Capital Expenditures paid by Borrower during such period, MINUS (vii) any cash contributions to Borrower's capital received by Borrower during such period, MINUS (viii) the proceeds of Subordinated Debt incurred by Borrower which are received in cash by Borrower during such period."
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 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.