Independent Assets or Operations means, with respect to any such parent company, that such parent company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent company, is more than 3.0% of such parent company’s corresponding consolidated amount.
Independent Assets or Operations means, with respect to any Parent Company, each of that Parent Company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Company and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent financial statements of such Parent Company, is, in each case, more than 2.0% of such Parent Company’s corresponding consolidated amount.
Independent Assets or Operations means, with respect to any direct or indirect parent company of the Company, that each of the total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities of such parent company, determined on a consolidated basis in accordance with GAAP, but excluding in each case amounts related to its investment in the Company and the Restricted Subsidiaries, as shown in the most recent fiscal quarter financial statements of such parent company (measured on a most recent trailing four fiscal quarter basis with respect to revenues, income from continuing operations before income taxes and cash flows from operating activities), is more than 3.0% of such parent company’s corresponding consolidated amount determined in accordance with GAAP.
More Definitions of Independent Assets or Operations
Independent Assets or Operations means, with respect to any direct or indirect parent of the Parent Borrower, that such parent’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Parent Borrower and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent, is more than 3.0% of such parent’s corresponding consolidated amount.
Independent Assets or Operations has the meaning specified in Section 6.01.
Independent Assets or Operations means, with respect to any such parent Guarantor, that such parent Guarantor’s total assets or revenues, determined in accordance with GAAP and as shown on the most recent financial statements of such parent Guarantor, is more than 3.0% of such parent Guarantor’s corresponding consolidated amount.
Independent Assets or Operations means, with respect to any Parent Company, that Parent Company's total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such Parent Company, is more than 3.00% of such Parent Company's corresponding consolidated amount.
Independent Assets or Operations means, with respect to any Parent Company, that Parent Company’s’ total assets, revenues, income from continuing operations before income taxes and cash flows from
Independent Assets or Operations means, with respect to any Person that is a direct or indirect parent company of Accel Inc., that such Person’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities, in each case excluding amounts attributable to its investment in Accel Inc. and its Subsidiaries, determined in accordance with GAAP, is more than 5.0% of the consolidated total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities of such Person on a consolidated basis, in each case including amounts attributable to its investment in Accel Inc. and its Subsidiaries. Instruments shall have the meaning ascribed to such term in the UCC. Interest Expense shall mean, for any period, the aggregate amount of interest or fees accrued by Accel Inc. and/or any Subsidiary during such period in respect of Total Debt (including, without limitation, the interest portion, determined in accordance with GAAP, of all lease payments accrued during such period in respect to all leases which should have been or must be, in accordance with GAAP, recorded as capital leases), plus fees paid to Administrative Agent in connection with any Letter of Credit hereunder. Interest Period shall mean, as to any LIBOR Loan, the period commencing on the date such Loan is borrowed or continued as, or converted into, a LIBOR Loan and ending on the date one, two or three months thereafter as selected by Borrower pursuant to Section 2.5.2 or 2.5.3, as the case may be; provided that:
Independent Assets or Operations means, with respect to any Parent Company, that such Parent Company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Borrower and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such Parent Company, is more than 5.0% of such Parent Company’s corresponding consolidated amount. “Initial Incremental Term Loan Maturity Date” shall mean, for any Tranche of Incremental Term Loans, the final maturity date set forth for such Tranche of Incremental Term Loans in the Incremental Term Loan Commitment Agreement relating thereto; provided that the initial final maturity date for all Incremental Term Loans of a given Tranche shall be the same date. “Initial Maturity Date for Initial Term Loans” shall mean the date that is seven years after the Closing Date, or if such date is not a Business Day, the next preceding Business Day. “Initial Term Loan” shall mean the Term Loans made on the Closing Date pursuant to Section 2.01(a). 24