Consolidated Net Earnings Available for Fixed Charges for any period shall mean the sum of (a) Consolidated Net Earnings during such period plus (to the extent deducted in determining Consolidated Net Earnings), (b) all provisions for any Federal, state or other income taxes made by the Company and its Restricted Subsidiaries during such period and (c) Consolidated Fixed Charges during such period.
Consolidated Net Earnings Available for Fixed Charges for any period means without duplication, the Consolidated Net Earnings for the Company and its Subsidiaries, plus: (a) provisions for federal, state, local, and foreign income taxes for the Company and its Subsidiaries; (b) Consolidated Fixed Charges for the Company and its Subsidiaries; and (c) consolidated depreciation, depletion and amortization for the Company and its Subsidiaries.
Consolidated Net Earnings Available for Fixed Charges means, for the period of determination, Consolidated Net Income of the Company and its Subsidiaries, plus cash dividends received from Unconsolidated Subsidiaries, plus income taxes, plus extraordinary items of expense or minus extraordinary items of income which are included in the determination of Net Income, plus any loss from discontinued operations or minus any gain from discontinued operations which is included in the determination of Net Income, plus any charge or minus any credit which results from the cumulative effect of a change in accounting principle which is included in the determination of Net Income, plus all Fixed Charges. Prior to January 1, 1999, in any determination of "Consolidated Net Earnings Available for Fixed Charges" there shall be an addition for any loss (and a deduction for any gain) on "disposal of a product line" (or "restructuring charges" relating to such disposal) which are included in determination of Net Income. For purposes hereof, the terms "disposal of a product line" and "restructuring charges" shall have such meanings as are viewed as acceptable to the Securities and Exchange Commission when such terms are used for financial reporting.
Examples of Consolidated Net Earnings Available for Fixed Charges in a sentence
The Company and its Subsidiaries will not permit as at the end of each fiscal quarter the ratio of Consolidated Net Earnings Available for Fixed Charges for the two immediately preceding fiscal quarters (taken as a single accounting period) to Consolidated Fixed Charges for such two fiscal quarter periods to be less than 2.5 to 1.0.
The Company will at all times keep and maintain the ratio of Consolidated Net Earnings Available for Fixed Charges for any four of the immediately preceding five fiscal quarters (taken as a single accounting period) to Consolidated Fixed Charges for such period at not less than 1.75 to 1.00.
The Company will, for each fiscal year of the Company, maintain Consolidated Net Earnings Available for Fixed Charges at not less than 120% of Consolidated Fixed Charges.
The Company will at all times keep and maintain the ratio of Consolidated Net Earnings Available for Fixed Charges for the immediately preceding four fiscal quarter period to Consolidated Fixed Charges for such four fiscal quarter period at not less than 2.50 to 1.00.
The Company will maintain the ratio of Consolidated Net Earnings Available for Fixed Charges to Fixed Charges determined for the immediately preceding four fiscal quarters of the Company at not less than 1.75 to 1.
More Definitions of Consolidated Net Earnings Available for Fixed Charges
Consolidated Net Earnings Available for Fixed Charges for any period means without duplication, the Consolidated Net Earnings for the Company and its Subsidiaries, plus, to the
Consolidated Net Earnings Available for Fixed Charges for any period shall mean the sum of (a) Consolidated Net Earnings during such period plus (to
Consolidated Net Earnings Available for Fixed Charges for any period means the sum of (a) Consolidated Net Earnings during such period PLUS (to the extent deducted in determining Consolidated Net Earnings), (b) all provisions for any Federal, state or other income taxes made by the Company and its Subsidiaries during such period, (c) all provisions for depreciation and amortization (other than amortization of debt discount) made by the Company and its Subsidiaries during such period and (d) Consolidated Fixed Charges during such period.
Consolidated Net Earnings Available for Fixed Charges for any period means the sum of (a) Consolidated Net Earnings during such period plus (to the extent deducted in determining Consolidated Net Earnings), (b) all provisions for any Federal, state or other income taxes made by the Company and its Subsidiaries during such period, (c) all provisions for depreciation and amortization (other than amortization of debt discount) made by the Company and its Subsidiaries during such period and (d) Consolidated Fixed Charges during such period.
Consolidated Net Earnings Available for Fixed Charges means for any period the sum of (i) Consolidated Net Earnings, (ii) Consolidated Income Tax Expense and (iii) Consolidated Fixed Charges.
Consolidated Net Earnings Available for Fixed Charges means for the Four Quarter Period immediately preceding the date of determination, the amount by which (a) the sum of (i) Consolidated Net Earnings plus (ii) Consolidated Interest Charges (to the extent deducted in determining Consolidated Net Earnings), plus (iii) depreciation and amortization charges (to the extent deducted in determining Consolidated Net Earnings), exceeds (1))the sum of (i) Capital Expenditures of the Borrower and Subsidiaries and (ii) dividends or other distributions paid on the Borrower's capital stock in cash or property, and other amounts paid in connection with any purchase, redemption, retirement or other acquisition of any capital stock of the Borrower by the Borrower or any Subsidiary
Consolidated Net Earnings Available for Fixed Charges and "Consolidated Fixed Charges" in this definition, any Acquisition or Major Asset Disposition by the Company or any Subsidiary that is consummated during any One Year Retrospective Period shall be deemed to have been consummated as of the first day of such One Year Retrospective Period (and the earnings and other results of operations during such period in respect of the property acquired or disposed of shall accordingly be included in the case of an Acquisition, or excluded in the case of an Asset Disposition, for purposes of such determination) and any incurrence of Debt in connection with any such Acquisition or repayment of Debt in connection with any such Major Asset Disposition shall be deemed to have occurred as of such first day. "property or properties" means, unless otherwise specifically limited, real or personal property of any kind, tangible or intangible, xxxxxx or inchoate.