Long-Term Capitalization definition
Long-Term Capitalization means, on any date of determination, the sum of (i) Funded Debt of CCSC and its Subsidiaries on a consolidated basis and (ii) the amount, determined on a consolidated basis, in the capital stock account (including preferred stock when outstanding) plus (or minus in the case of a deficit) the additional paid-in capital and retained earnings of CCSC and its Subsidiaries, and in any event, net of the value of treasury stock in such capital stock account, plus accounting liabilities for post-retirement benefits (FAS 106) and post-employment benefits (FAS 112), net of changes for income tax (FAS 109).