Consolidated Basis Sample Clauses

Consolidated Basis. The Annual Operating Plan, Annual Capital Plan and all financial information provided pursuant to this Article III shall include the Corporation and its Subsidiaries.
Sample 1
Consolidated Basis. In reference to the Borrower, the Borrower and its Subsidiaries.
Sample 1
Consolidated Basis. Unless the context otherwise requires, references to the Hxxx Companies in this Agreement shall mean the Hxxx Companies and their Subsidiaries.
Sample 1
Consolidated Basis. Compliance with the above described Financial Covenants shall be determined on a Consolidated basis.
Sample 1
Consolidated Basis. Unless the context otherwise requires, references to the Hxxx Companies in this Agreement shall mean the Hxxx Companies and their Subsidiaries, and financial information shall be provided on a consolidated basis.
Sample 1
Consolidated Basis. 50 12. GUARANTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 12.1 Agreement to Pay and Perform; Costs of Collection . . . . . . . . . . . . . . . . . . 50 12.2
Sample 1
Consolidated Basis. The foregoing financial statements shall be prepared on a consolidated basis if the Company then has any subsidiaries.
Sample 1
Consolidated Basis. Unless the context otherwise requires, references to CLC in this Agreement shall mean CLC and its Subsidiaries and financial information shall be provided on a consolidated basis. Credit Agreement, June 16, 1997 - 34 - Chemical Xxxxxx Corporation
Sample 1
Consolidated Basis. On and after the effective date of Amendment No. 4, all financial covenants shall be determined for Air Group and its Subsidiaries on a consolidated basis and all financial statements and projections to be provided under this Agreement shall be provided for Air Group and its Subsidiaries on a consolidated and consolidating basis."
Sample 1

Related to Consolidated Basis

  • Consolidated Net Worth The Borrower will not permit the Consolidated Net Worth as of the end of any fiscal quarter of the Borrower to be less than the sum of (a) 80% of Consolidated Net Worth as of December 31, 2003, (b) an amount equal to 50% of the Consolidated Net Income (with no deduction for any net loss in any such fiscal quarter) earned in each fiscal quarter ending after December 31, 2003, plus (c) an amount equal to 100% of the aggregate increases in shareholders' equity of the Companies after the Closing Date by reason of the issuance and sale of capital stock of the Borrower for cash consideration (including upon any conversion of debt securities of the Borrower into such capital stock).

  • Consolidated Net Income of any Person for any period, the consolidated net income (or loss) of such Person for such period, determined on a consolidated basis in accordance with GAAP; provided that in calculating Consolidated Net Income of Borrower for any period, there shall be excluded (a) the income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary of Borrower or is merged into or consolidated with Borrower or any of its Subsidiaries, (b) the income (or deficit) of any Person (other than a Subsidiary of Borrower) in which Borrower or any of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by Borrower or such Subsidiary in the form of dividends or similar distributions, (c) the undistributed earnings of any Subsidiary of Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Subsidiary, and (d) any one-time increase or decrease to such consolidated net income (or loss) which is required to be recorded because of the adoption of new accounting policies, practices or standards required by GAAP.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of Holdings to be greater than 2.50 to 1.00.

  • Consolidated With reference to any term defined herein, that term as applied to the accounts of a Person and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Fixed Charges On any date of determination, the sum of (a) Consolidated Interest Expense for the period of two (2) fiscal quarters most recently ended annualized (both expensed and capitalized), plus (b) all of the principal due and payable and principal paid with respect to Indebtedness of REIT, the Borrower and their respective Subsidiaries during such period, other than any balloon, bullet or similar principal payment which repays such Indebtedness in full and any voluntary full or partial prepayments prior to stated maturity thereof, plus (c) all Preferred Distributions paid during such period, plus (d) the principal payment on any Capital Lease Obligations. 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.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Excess Cash Flow In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year 2012), Borrower shall, no later than ninety days after the end of such Fiscal Year, prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow; provided that if, as of the last day of the most recently ended Fiscal Year the Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Leverage Ratio as of the last day of such Fiscal Year) shall be (x) 3.25:1.00 or less, Borrower shall only be required to make the prepayments otherwise required hereby in an amount equal to 25% of such Consolidated Excess Cash Flow or (y) 2.50:1.00 or less, Borrower shall not be required to make prepayments pursuant to this Section 2.14(e) with respect to such Fiscal Year; minus (ii) voluntary repayments of the Loans (excluding repayments of Revolving Loans or Swing Line Loans except to the extent the Revolving Commitments are permanently reduced in connection with such repayments) made with Internally Generated Cash.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio 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.