Consolidating Income Statement definition

Consolidating Income Statement means a consolidating statement of income or operations of (a) on the one hand, the BVI Borrower and its Subsidiaries on a consolidated basis and (b), on the other hand, the Project Subsidiaries or each Project Group, as applicable, on a consolidated basis.
Consolidating Income Statement means a Consolidated Income Statement plus individual unconsolidated income statements for the Borrower and its consolidated subsidiaries, including an unconsolidated income statement for the Borrower exclusively.
Consolidating Income Statement means an internal consolidated income statement plus individual unconsolidated income statements for Tembec Industries and its consolidated subsidiaries, including an unconsolidated income statement for each of Tembec Industries and Spruce Falls exclusively.