Net Income Available for Fixed Charges definition

Net Income Available for Fixed Charges for any period shall mean the sum of (i) Consolidated Net Income during such period plus (to the extent deducted in determining Consolidated Net Income), (ii) all provisions for any Federal, state or other income taxes made by the Company and its Restricted Subsidiaries during such period and (iii) Fixed Charges of the Company and its Restricted Subsidiaries during such period.

Net Income Available for Fixed Charges means, for any period, the sum of Consolidated Net Income for such period plus (to the extent included in determining such Consolidated Net Income), (a) all provisions for any Federal, state, provincial or other income taxes made by the Restricted Group during such period, (b) Fixed Charges for such period, (c) all amortization expenses of the Restricted Group and (d) all depreciation of the Restricted Group.

Net Income Available for Fixed Charges for any period means Consolidated Adjusted Net Income during such period plus, to the extent deducted in determining Consolidated Adjusted Net Income, (a) all provisions for any Federal, state or other income taxes made by the Borrower and its Restricted Subsidiaries during such period, (b) Fixed Charges of the Borrower and its Restricted Subsidiaries during such period and (c) depreciation, amortization and non-cash share based compensation expenses during such period.

Examples of Net Income Available for Fixed Charges in a sentence

• Maintain at the end of each fiscal quarter a ratio of Net Income Available for Fixed Charges to Fixed Charges for the 4 consecutive quarters then ending of not less than 1.50 to 1.00.

• Borrower will not permit, as at the end of each fiscal quarter, the ratio of Net Income Available for Fixed Charges (as defined in the Note Agreement) to Fixed Charges (as defined in the Note Agreement) for the period of four consecutive fiscal quarters then ending to be less than 1.50 to 1.00.

• As used in this Section 5.16, "Fixed Charge Coverage Ratio" shall mean the ratio of (i) Net Income Available for Fixed Charges to (ii) Fixed Charges determined as of the end of each fiscal quarter for the period consisting of the immediately preceding four fiscal quarters (each such rolling four fiscal quarter period being treated as a single accounting period).

• The Company will, on each Quarterly Date, have kept and maintained for the immediately preceding four fiscal quarters ending on such Quarterly Date, a ratio of Net Income Available for Fixed Charges to Fixed Charges of not less than 1.50 to 1.00, provided that on any three Quarterly Dates after October 3, 1997, the ratio of Net Income Available for Fixed Charges to Fixed Charges may be less than 1.5 to 1.0, but must be greater than 1.2 to 1.0. SECTION 6.04.

• Principal Mutual consents to the inclusion of depreciation net of major capital maintenance in the calculation of Net Income Available for Fixed Charges for (and only for) the purpose of computation of the fixed charges coverage ratio of Section 5.10 of the Note Agreement for each fiscal quarter of the Company during the period beginning January 1, 1996 and ending December 31, 1996.

More Definitions of Net Income Available for Fixed Charges

Net Income Available for Fixed Charges means, for any period, (a) -------------------------------------- the net income (or deficit) of the Borrowers and their Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP after eliminating all non-cash or nonrecurring items (whether cash or non-cash and whether or not deemed extraordinary in accordance with GAAP) for such period, plus (b) the sum ---- of the following amounts, in each case to the extent deducted in arriving at the amount determined in accordance with the foregoing subdivision (a): (i) Interest Expense, (ii) provisions for taxes imposed on or measured by income or excess profits, (iii) Operating Lease Rentals accrued (whether or not actually paid), and (iv) provision for depreciation and amortization; provided, however, -------- ------- that in determining the net income (or deficit) of the Borrowers and their Restricted Subsidiaries pursuant to the foregoing subdivision (a) for any period during which JPFDI shall have sold or otherwise disposed of the Xxxxxxx Facility, losses from such sale or other disposition shall be disregarded to the extent the aggregate amount of all such losses (computed without regard to Closing Date Intangibles attributable to such facility) does not exceed $3,300,000 on an after tax basis.

Net Income Available for Fixed Charges means, as of the date of any determination thereof, the sum of the following for the twelve (12) full consecutive calendar months immediately preceding such date of determination:

Net Income Available for Fixed Charges for any period shall mean the sum of (i) Consolidated Net Income during such period plus (to the extent deducted in determining Consolidated Net Income), (ii) all provisions for any Federal, state or other income taxes made by the Company and its Restricted Subsidiaries during such period, (iii) Fixed Charges of the Company and its Restricted Subsidiaries during such period, and (iv) Charges for Identified Dispositions.

Net Income Available for Fixed Charges contained in Section 1.01 of the Credit Agreement, as amended by this Eleventh Amendment.

Net Income Available for Fixed Charges for any period shall mean the sum of (a) Consolidated Net Income during such period plus (b) (to the extent taken into account in determining Consolidated Net Income), all provisions for any foreign, Federal, state or other income taxes made by the Company and its Subsidiaries during such period plus (c) Fixed Charges (to the extent taken into account in determining Consolidated Net Income) during such period, plus (d) (to the extent taken into account in determining Consolidated Net Income) in the case of the period of time prior to October 2, 1998, special charges not to exceed $5,000,000 taken in respect of certain distribution center closings and, if Uwatec A.G. is acquired, certain plant closings, in each case during such period.

Net Income Available for Fixed Charges means, for any period, the sum of (i) consolidated Net Income of the Company and its Subsidiaries during such period plus (ii) to the extent deducted in determining Net Income, all provisions for all federal, state or other income taxes made by the Company and its Subsidiaries during such period plus (iii) consolidated Fixed Charges of the Company and its Subsidiaries during such period.

Net Income Available for Fixed Charges for any period shall mean the sum of (a) Consolidated Net Income during such period plus (to the extent deducted in determining Consolidated Net Income), (b) all provisions for any Federal, state or other income taxes made by the Company and its Restricted Subsidiaries during such period, plus (c) Fixed Charges during such period, plus (d) in the case of any fiscal quarter ending on or before October 2, 1998, special charges not to exceed $5,000,000 taken in respect of the closing of certain distribution centers, and, if Uwatec A.G. is acquired, the closing of certain plants, during such period.