Combined Basis when used with respect to determining any amount for a Specified Subsidiary means that such amount is to be determined by combining the relevant amounts for the Specified Subsidiary and its Subsidiaries from the accounting books and records maintained for such Specified Subsidiary and its Subsidiaries and utilized in the preparation of the consolidated financial statements of Holdings in accordance with GAAP without performing any eliminating adjustments or allocations of items of income or expense.
Combined Basis when used with respect to the determination of any amount, means that such amount is to be determined by combining (i) the relevant amount determined with respect to MGM Studios and its Consolidated Subsidiaries on a consolidated basis and (ii) the relevant amount determined with respect to Orion and its Consolidated Subsidiaries on a consolidated basis, all in accordance with GAAP. Unless the context otherwise requires, whenever an amount herein is expressly to be determined with respect to the Combined Companies, such amount shall be determined on a Combined Basis.
Combined Basis has the meaning set forth in Section 1.02.
Examples of Combined Basis in a sentence
Schedule 6.23 hereto sets forth as of the Effective Date all material agreements and material contracts to which such Loan Party is a party or is bound as of the Effective Date hereof that are material to the business of the Borrowers on a Combined Basis.
More Definitions of Combined Basis
Combined Basis when used with respect to determining any amount, means that such amount is to be determined by combining the relevant amounts for each of the Company's businesses in the same manner and with the same pro-forma adjustments as were used in preparing the Company's combined pro-forma financial statements included in the Form 10.
Combined Basis means, when used with respect to the determination of any amount, that such amount is to be determined by (i) combining the relevant amount determined with respect to the Borrowers, and (ii) eliminating any intercompany transactions of any Borrower with another Borrower and making any other adjustments that would be necessary or applicable under GAAP if the financial statements of such Borrower were consolidated into the financial statements of another Borrower. Unless the context otherwise requires, whenever an amount herein is expressly to be determined with respect to the Borrowers, such amount shall be determined on a Combined Basis. “Combined EBITDA” means, with respect to any Measurement Period, without duplication, the sum calculated for Borrowers on a Combined Basis in accordance with GAAP of (a) Combined Net Income, (b) Combined Interest Expense, (b) provision for Taxes based on income, (c) depreciation expense, (d) amortization expense, (e) fees and expenses incurred in connection with the closing of the transactions contemplated by this Agreement and any amendments thereto, (f) non-recurring and non-operational expenses that are acceptable to Lender in its sole discretion and (g) other non-cash charges, expenses or losses. “Combined Interest Expense” means, for any Measurement Period, the sum, for the Borrowers, of all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets during such period, or the portion of rent expense with respect to such period under capital leases that is treated as interest in accordance with GAAP, determined on a Combined Basis in accordance with GAAP. “Combined Liabilities” means, at any Measurement Date, the aggregate amount of funded Debt of the Borrowers, determined on a Combined Basis in accordance with GAAP “Combined Net Income” for any Measurement Period, means the net income (or loss) of the Borrowers for such period, determined on a Combined Basis in accordance with GAAP. “Continuing Directors” means the directors of Air T on the Closing Date and each other director, if, in each case, such other director's nomination for election to the board of directors of the Air T is recommended by at least a majority of the then-current Continuing Directors. “Contractual Obligation” of any Person, means any provision of any security issued by such Person or of any agreement, ...
Combined Basis has the meaning assigned to such term in Section 1.04.
Combined Basis means for accounting purposes, consolidating certain financial data of the Borrowers and their affiliates in the manner in which consolidated and consolidating financial statements are prepared under generally accepted accounting principles.
Combined Basis means the consolidated and combined, without duplication, financial statements for the Borrower, Gallatin River Holdings L.L.C., MEBTEL Long Distance Solutions, Inc. Madison River Long Distance Solutions, Inc. and the subsidiaries of those companies without duplication.
Combined Basis means the method of preparation of combined financial statements generally consistent with the American Institute of Certified Public Accountant's Research Bulletin 51.
Combined Basis means the notional consolidation of the accounts of the Borrowers, but excluding any intercompany transaction between them.