Examples of Consolidated Cash Taxes in a sentence
The Company and the Restricted Subsidiaries will cause, for each Quarter, the ratio of (i) Operating Cash Flow for the period of four Quarters ending with such Quarter less Consolidated Cash Taxes paid during such period of four Quarters to (ii) Total Debt Expense for such period of four Quarters ending with such Quarter to be at least equal to 1.50 to 1.
In light of the sound policy reasons for competitive bidding which include guarding the public against favoritism, improvidence, extravagance, fraud and corruption, see Belcastro, 595 A.2d at 21; Philadelphia Warehousing, 490 A.2d at 956-57, it makes sense to strictly enforce the procedural requirements for competitive bidding.
In addition, the Lenders waived the requirement that tax recapture payments made by the Company associated with the repayment of the 2 1/2% Converts in the second quarter of 2008 up to, but not exceeding $23 million, be included in Consolidated Cash Taxes for the purpose of calculating the Consolidated Fixed Charge Ratio under the Credit Agreement.
Consolidated EBITDA for the period of the four fiscal quarters most recently ended less Consolidated Cash Taxes for such period less Consolidated Capital Expenditures for such period to (b) Consolidated Fixed Charges for the period of the four fiscal quarters most recently ended.
Consolidated Cash Taxes — for any period, for the Consolidated Parties on a consolidated basis, all Taxes (excluding (i) sales and excise Taxes charged to and expected to be paid by customers of any of the Consolidated Parties, and (ii) property Taxes) paid in cash during such period.