Consolidated Fixed. Charges" for any period, with respect to Tenant and its consolidated Subsidiaries, shall mean the sum of the total interest expense for such period and rent or lease payments for such period, determined on a consolidated basis in accordance with GAAP, but excluding interest paid in respect of Qualified Subordinated Debt.
Consolidated Fixed. CHARGES" for any twelve-month period shall mean the sum (without duplication) of (i) interest on mortgage bonds, (ii) interest on other long-term debt, (iii) other interest expense, including interest on short-term debt and the current portion of long-term debt, and (iv) preferred stock dividends and preferred securities distributions of Subsidiaries, all determined for such twelve-month period with respect to TXU and its Consolidated Subsidiaries on a consolidated basis. For purposes of such calculation, long-term debt shall not include the principal amount of, or interest on, Qualified Transition Bonds.
Consolidated Fixed. Charges shall mean, for any period of determination, the sum of interest incurred (capitalized and expensed) and scheduled principal installments of Indebtedness, in each case of the Borrower and its Subsidiaries for such period determined and consolidated in accordance with GAAP.
Examples of Consolidated Fixed in a sentence
Consolidated Fixed Charges consist of interest expense excluding capitalized interest and amortization of deferred financing costs, principal payments and preferred dividends, if any.
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.
Notwithstanding the foregoing, if no Default or Event of Default shall have occurred and be continuing at the time of or as a consequence of the incurrence of any such Indebtedness, the Company or any of its Subsidiaries may incur Indebtedness (including, without limitation, Acquired Indebtedness), in each case if on the date of the incurrence of such Indebtedness, after giving effect to the incurrence thereof, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than 1.50 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50 to 1.00.
Such Person’s Equity Percentage in the fixed charges referred to above of its Unconsolidated Affiliates shall be included in the determination of Consolidated Fixed Charges.
More Definitions of Consolidated Fixed
Consolidated Fixed. Charges shall mean the sum of all of the Borrower's and its Consolidated Subsidiaries' expenses under any operating leases within the specified period of any such calculation, plus interest paid during such specified period, including, without limitation, interest charges during such period under any Capitalized Leases, plus all income taxes paid during the specified period of such calculation, plus all payments of principal made on any Subordinated Debt as permitted to be paid pursuant to the terms of the subordination and standby agreement or intercreditor agreement made between Agent and the holder of any such Subordinated Debt, plus Capital Expenditures made during the specified period of any such calculation, excluding any expenditures for capital assets acquired by Borrower and its Consolidated Subsidiaries in an Acceptable Acquisition.
Consolidated Fixed. Charges shall mean, with respect to FiberMark for any period, the sum, without duplication, of (i) Consolidated Interest Expense, plus (ii) the product of (x) the amount of all dividend payments on any series of Preferred Stock (as defined in either Indenture) of FiberMark (other than dividends paid in Qualified Capital Stock paid, accrued or scheduled to be paid or accrued during such period times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective consolidated federal, state and local tax rate of such Person, expressed as a decimal, plus (iii) scheduled payments in respect of the principal of all Indebtedness of FiberMark and its Subsidiaries for such period, including that portion of Capitalized Lease Obligations for such period attributable to principal amortization in accordance with GAAP (it being understood that amortization in respect of the Brattleboro Collateral shall not be deemed to constitute payments in respect of the principal of Indebtedness), plus (iv) all federal, state and foreign income taxes incurred by FiberMark and its Subsidiaries for such period, determined on a cash basis, plus (v) all Capital Expenditures for such period, to the extent not paid with the proceeds of Indebtedness.
Consolidated Fixed. Charges shall mean for any period of determination on the date of determination the sum (without duplication) of cash Consolidated Interest Charges on all Indebtedness other than with respect to the Second Lien Notes, scheduled principal payments on all Indebtedness excluding principal payments with respect to Convertible Debt, but only if such principal is repaid with available Revolving Credit Loans, cash income taxes, management fees paid, cash distributions and all Capital Expenditure payments under capitalized leases in each case of a Borrower and its Subsidiaries for such period determined and consolidated in accordance with GAAP.
Consolidated Fixed. Charges" appearing in Section 11 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting the following new definition in lieu thereof:
Consolidated Fixed. CHARGES" - for any period, the sum (without duplication) of the amounts for such period of (i) Consolidated Interest Expense, (ii) provisions for taxes based on income and (iii) regularly scheduled payments of principal of Debt made during such period, all of the foregoing as determined on a Consolidated Basis for the Borrower and all Subsidiaries in conformity with GAAP. Notwithstanding anything to the contrary in this definition, for purposes hereof, the term "Consolidated Fixed Charges" shall be computed, on a consistent basis, to reflect purchases and acquisitions by permitted merger or otherwise (including the Merger) made by the Borrower and the Subsidiaries during the relevant period as if they occurred at the beginning of such period.
Consolidated Fixed. Charges shall mean, with respect to the Borrower for any period, the sum, without duplication, of (i) Consolidated Interest Expense, plus (ii) the product of (x) the amount of all dividend payments on any series of Preferred Stock (as defined in the Indenture) of the Borrower (other than dividends paid in Qualified Capital Stock (as defined in the Indenture) paid, accrued or scheduled to be paid or accrued during such period times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective consolidated federal, state and local tax rate of such Person, expressed as a decimal.
Consolidated Fixed. Charges shall mean, with respect to -------------------------- any period, for the Borrowers and their Subsidiaries on a Consolidated basis, the sum of (a) Interest Expense paid or required to be paid in cash during such period, plus (b) the sum of principal scheduled to be paid ---- during such period in respect of Consolidated Funded Debt (including the principal portion of Capitalized Lease Obligations, but excluding for the avoidance of doubt, principal payments made in respect of revolving credit facilities, whether domestic or foreign, principal payments made with the proceeds of equity issuances, asset sales, and/or insurance recoveries and the repayment of Indebtedness under the Existing Loan Agreement), plus (c) Distributions made during such period, plus (d) ---- ---- cash contributions to pension plans in excess of pension expense during such period.