Consolidated Subsidiaries definition

Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

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Consolidated Subsidiaries means, for any Person, any Subsidiary or other entity the accounts of which would be consolidated with those of such Person in its consolidated financial statements in accordance with GAAP.

Consolidated Subsidiaries means, as of any date of determination and with respect to any Person, those Subsidiaries of that Person whose financial data is, in accordance with GAAP, reflected in that Person’s consolidated financial statements.

Examples of Consolidated Subsidiaries in a sentence

Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Holdings and its Consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the unaudited quarterly financial statements.
The Company will not permit its Adjusted Consolidated Net Worth, calculated as of the last day of each fiscal quarter, to be less than an amount equal to the sum of (i) 65% of the actual Adjusted Consolidated Net Worth of the Company and its Consolidated Subsidiaries as of March 31, 2026 ($7,088,250,000) plus (ii) 50% of the aggregate amount of any increase in Adjusted Consolidated Net Worth resulting from Equity Issuances by the Company and its Consolidated Subsidiaries after March 31, 2026.
The Company will not permit the ratio of (i) (A) Consolidated Total Indebtedness plus (B) the aggregate outstanding principal amount of all Hybrid Instruments of the Company and its Consolidated Subsidiaries in excess of the Hybrid Instrument Amount to (ii) Consolidated Total Capitalization to exceed 0.35 to 1.00, calculated as of the last day of each fiscal quarter.
Set forth as Schedule III hereto is a true, correct and complete list of each Hybrid Instrument of the Company and its Consolidated Subsidiaries outstanding as of the date hereof, specifying in each case the equity credit treatment given to each such Hybrid Instrument by S&P and/or M▇▇▇▇’▇ as of the Effective Date.

More Definitions of Consolidated Subsidiaries

Consolidated Subsidiaries means any subsidiary or subsidiaries of the Company (or its successors) that are part of the consolidated group of the Company (or its successors) for federal income tax reporting.

Consolidated Subsidiaries means Subsidiaries that would be consolidated with the Borrower in accordance with GAAP.

Consolidated Subsidiaries means each Subsidiary of a Person (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of such Person in accordance with GAAP. Unless otherwise indicated, each reference to the term "Consolidated Subsidiary" shall mean a Subsidiary consolidated with the Borrower.

Consolidated Subsidiaries means all Subsidiaries of the Borrower that are required to be consolidated with the Borrower for financial reporting purposes in accordance with GAAP.

Consolidated Subsidiaries means each Subsidiary of the Parent (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Parent in accordance with GAAP.

Consolidated Subsidiaries means, as to any Person, all Subsidiaries of such Person which are consolidated with such Person for financial reporting purposes in accordance with generally accepted accounting principles in the United States.

Consolidated Subsidiaries means those Subsidiaries that are consolidated with the Company for financial reporting purposes.