Consolidated Adjusted Current Liabilities means, with respect to any Person on any date, all liabilities of such Person and its Subsidiaries on such date which should, in accordance with GAAP, be classified as current liabilities on a consolidated balance sheet of such Person and its Subsidiaries prepared in accordance with GAAP, but excluding the sum of: (a) the current portion of long-term Total Funded Debt, and (b) without duplication of subparagraph (a) above, the principal amount of the Obligations.
Consolidated Adjusted Current Liabilities means, as of any date of determination, for the Company and its Subsidiaries on a consolidated basis, the total of (a) the current liabilities, plus (b) Permitted Floorplan Indebtedness to the extent not reflected as a current liability, minus (c) to the extent included in current liabilities in clause (a), any balloon, bullet or similar payment due under this Agreement or any other Loan Document, or under any Permitted Real Estate Debt or Subordinated Indebtedness, other than (in each case under this clause (c)) any such balloon, bullet or similar payment due within one (1) fiscal quarter following the date of determination.
Consolidated Adjusted Current Liabilities means, in relation to any Person and its Subsidiaries as at any date, all amounts which would, in conformity with GAAP, be set forth opposite the caption "total current liabilities" (or any like caption) on a consolidated balance sheet of such Person and its Subsidiaries as at such date, but excluding the current portion of any Indebtedness of such Person and its Subsidiaries.
Examples of Consolidated Adjusted Current Liabilities in a sentence
The Company shall maintain on the last day of each fiscal year Consolidated Current Assets at not less than one hundred thirty-five percent (135%) of Consolidated Adjusted Current Liabilities.
More Definitions of Consolidated Adjusted Current Liabilities
Consolidated Adjusted Current Liabilities means, as of the date of any determination thereof and without duplication, the aggregate amount at which the current liabilities of the Company and the Restricted Subsidiaries (specifically excluding the current portion of any obligation (i) arising under the Bank Credit Agreement, including any increase in the amount outstanding thereunder, or (ii) constituting deferred income taxes) would be shown on a consolidated balance sheet of such Persons at such time.
Consolidated Adjusted Current Liabilities means, as of any date of determination, the total of (a) the current liabilities of the Borrower and its Subsidiaries on a consolidated basis, plus (b) Permitted Floorplan Silo Indebtedness to the extent not reflected as a current liability, minus (c) to the extent included in current liabilities in clause (a), any balloon payment due under this Agreement, or under any Permitted Real Estate Debt or Subordinated Indebtedness, other than (in each case under this clause (c)) any such balloon payment due within two (2) fiscal quarters following the date of determination.
Consolidated Adjusted Current Liabilities means, as at any date of determination, the current liabilities of Borrower and its Subsidiaries, determined on a consolidated basis in conformity with GAAP, adjusted to exclude (i) all short term Consolidated Funded Debt, (ii) current maturities of long term debt, (iii) Deferred Taxes, (iv) all Obligations with respect to the Revolving Loan, and (v) any obligation owing to Lenders to make any Excess Cash Flow Payment pursuant to Section 2.3(b).
Consolidated Adjusted Current Liabilities means at any date the sum of (i) the consolidated current liabilities of the Borrower and its Consolidated Subsidiaries, plus (ii) 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 as of such date on the assumption that consolidated current liabilities includes all obligations of the Borrower or a Consolidated Subsidiary of which the Borrower reasonably expects the obligor would be relieved (by discharge, assumption by a third party or otherwise) upon sale of real estate which on such date is held for sale; provided that consolidated current liabilities of the Borrower and its Consolidated Subsidiaries shall not include any payments of principal of the Loans.
Consolidated Adjusted Current Liabilities. Consolidated Working Capital" "Deferral Amount" "Excess Cash Flow" "Excess Cash Flow Payment" "General Maintenance Capital Expenditures" "Stock Pledge Agreements" "Vineyard Maintenance Capital Expenditures"
Consolidated Adjusted Current Liabilities. Consolidated Current Assets" "Consolidated Net Worth"
Consolidated Adjusted Current Liabilities means, on any date, all accounts payable and accrued expenses of the Borrower and its Consolidated Subsidiaries which, in accordance with GAAP, would be classified on a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as current liabilities, other than accrued interest and taxes.