Consolidated Current Liabilities Clause Samples
The Consolidated Current Liabilities clause defines the total amount of short-term financial obligations owed by a company and its subsidiaries, as presented on a consolidated basis in their financial statements. This typically includes debts and other liabilities due within one year, such as accounts payable, short-term loans, and accrued expenses, aggregated across all entities within the corporate group. By specifying how these liabilities are calculated and reported, the clause ensures consistency and transparency in financial reporting, which is crucial for assessing the company's liquidity and short-term financial health.
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Consolidated Current Liabilities. All liabilities and other Indebtedness of the Borrower Affiliated Group on a consolidated basis maturing on demand or within one (1) year from the date as of which Consolidated Current Liabilities are to be determined, and such other liabilities as may properly be classified as current liabilities in accordance with GAAP (excluding, in any case, (i) any deferred revenues and deferred tax liabilities related to purchase accounting effects, and (ii) any unvested Stay Bonus proceeds, to the extent the same will not vest within one (1) year from such date of determination).
Consolidated Current Liabilities. All liabilities and other -------------------------------- Indebtedness of the Borrower and its Subsidiaries, excluding deferred revenue, on a consolidated basis maturing on demand or within one (1) year from the date as of which Consolidated Current Liabilities are to be determined, including the principal amount of Revolving Credit Loans outstanding on any date of determination; and such other liabilities as may properly be classified as current liabilities in accordance with generally accepted accounting principles.
Consolidated Current Liabilities the total current liabilities of Borrower and its Consolidated Subsidiaries as measured in accordance with GAAP.
Consolidated Current Liabilities total liabilities of a Person and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt: $[___,___,___]
Consolidated Current Liabilities. As of any date, all liabilities and other Indebtedness of the Borrower and its Subsidiaries on a consolidated basis as may be properly classified as current liabilities in accordance with GAAP.
Consolidated Current Liabilities. Consolidated Net Working Capital increases when it becomes more positive or less negative, and decreases when it becomes less positive or more negative.
Consolidated Current Liabilities. For any fiscal year of the Borrower, (a) the consolidated current liabilities of the Borrower and its consolidated Subsidiaries, PLUS, (b) the current liabilities of any Person (other than the Borrower or a consolidated Subsidiary) which are guaranteed by the Borrower or a consolidated Subsidiary, all determined for such fiscal year in accordance with GAAP, MINUS, the currently maturing portion of all Indebtedness. CONSOLIDATED EBITDA. With respect to any fiscal period, an amount equal to the sum of (a) Consolidated Net Income of the Borrower and its Subsidiaries for such fiscal period, PLUS (b) in each case to the extent deducted in the calculation of such Person's Consolidated Net Income and without duplication, (i) depreciation and amortization for such period, PLUS (ii) income tax expense for such period, PLUS (iii) Consolidated Total Interest Expense paid or accrued during such period, PLUS (iv) other noncash charges for such period which do not result in cash payments for any subsequent period, all as determined in accordance with GAAP, after eliminating therefrom all extraordinary noncash nonrecurring items of expense. CONSOLIDATED EBITDAR. With respect to any fiscal period, an amount equal to the sum of (a) Consolidated EBITDA of the Borrower and its Subsidiaries for such fiscal period, PLUS, (b) Rental Expense. CONSOLIDATED NET INCOME (OR DEFICIT). The consolidated net income (or deficit) of the Borrower and its Subsidiaries, after deduction of all expenses, taxes, and other proper charges, after eliminating therefrom all extraordinary nonrecurring items of income, each as determined in accordance with GAAP. CONSOLIDATED TANGIBLE NET WORTH. The excess of Consolidated Total Assets over Consolidated Total Liabilities, and less the sum of:
Consolidated Current Liabilities. All liabilities of the Borrower and its Subsidiaries on a consolidated basis maturing on demand or within one (1) year from the date as of which Consolidated Current Liabilities are to be determined, and such other liabilities as may properly be classified as current liabilities in accordance with generally accepted accounting principles; provided, however, the outstanding Revolving Credit Loans, the outstanding "Guaranteed Revolving Credit Loan" (as such term is defined in the Guaranteed Credit Agreement) and the outstanding amount of all Seller Subordinated Debt shall not be included as a Consolidated Current Liability. Consolidated Net Income (or Deficit). The consolidated net income (or deficit) of the Borrower and its Subsidiaries, after deduction of all expenses, taxes, and other proper charges, determined in accordance with generally accepted accounting principles, after eliminating therefrom all extraordinary nonrecurring items of income or expense provided, however, for purposes of calculating compliance with the financial covenants set forth in ss.10 hereof, Consolidated Net Income shall not include (a) any non-cash writedowns of (i) goodwill, (ii) purchased research and development and/or (iii) intangible assets arising from the consummation of a Permitted Acquisition and the Borrower's allocation of gross intangibles to a variety of intangible assets such as contracts, employee base, copyrights, trademarks and other intellectual property; and/or (b) compensation expenses or additional goodwill amortization relating to the granting by the Borrower of stock options and restricted stock or arising out of earn-out arrangements in connection with Permitted Acquisitions which would otherwise be considered a compensation charge in accordance with generally accepted accounting principles. Consolidated Operating Cash Flow. For any period, an amount equal to (a) EBITDA for such period, plus (b) to the extent deducted from EBITDA, expenses incurred by Persons which are acquired in a Permitted Acquisition and which the Majority Banks reasonably determine are likely to be eliminated in connection with such Person's consolidation with the Borrower, less (c) the sum of (i) cash payments for all taxes (excluding any taxes included in the calculation of EBITDA) paid during such period, plus (ii) to the extent not already deducted in the determination of EBITDA, Capital Expenditures made during such period to the extent permitted by ss.10, other than Capital Exp...
Consolidated Current Liabilities. All liabilities and other Indebtedness of the Borrower and its Subsidiaries, excluding deferred revenue, on a consolidated basis maturing on demand or within one (1) year from the date as of which Consolidated Current Liabilities are to be determined, and such other liabilities as may properly be classified as current liabilities in accordance with generally accepted accounting principles. Consolidated Net Income (or Deficit). The consolidated net income (or deficit) of the Borrower and its Subsidiaries, after deduction of all expenses, taxes, and other proper charges, determined in accordance with generally accepted accounting principles, after eliminating therefrom all extraordinary nonrecurring items of income. Consolidated Net Worth. The excess of (a) all assets of a Person and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles over (b) all liabilities of such Person and its Subsidiaries determined on a consolidated basis in accordance with generally accepted accounting principles, and all Indebtedness of such Person and its Subsidiaries, whether or not so classified, less, to the extent otherwise includable in the computations of Consolidated Net Worth, any subscriptions receivable.
Consolidated Current Liabilities. Consolidated Current -------------------------------- Liabilities" means the aggregate amount of all liabilities of the Borrower and its Subsidiaries (including tax and other proper accruals) which would be classified as current liabilities, all computed as per management statements prepared on a consistent basis.