TERMINATION AND AMENDMENT CHARGES definition
TERMINATION AND AMENDMENT CHARGES means income statement charges in an aggregate amount not greater than the sum of (a) $17,000,000 (before taking into account any associated tax benefit, which tax benefit will be determined based on the Borrowers' effective tax rate for the period in which such charges are recorded, all in accordance with GAAP) recorded by the Borrowers in Fiscal Year 1996 or the first Fiscal Quarter of Fiscal Year 1997, in connection with prepayment charges, the write-off of deferred financing costs and other appropriate charges in connection with the termination and/or amendment of various agreement as to Debt of ProSource and other matters and (b) $10,600,000 (before taking into account any associated tax benefit, which tax benefit will be determined based on the Borrowers' effective tax rate for the period in which such charges are recorded, all in accordance with GAAP) recorded by the Borrowers in Fiscal Year 1996 or the first Fiscal Quarter of Fiscal Year 1997, in connection with the termination of ProSource's agreement to provide distribution services to Arby's restaurants.
TERMINATION AND AMENDMENT CHARGES means income statement charges in an aggregate amount not greater than the sum of (a) $17,000,000 (before taking into account any associated tax benefit, which tax benefit will be determined based on the Borrower's effective tax rate for the period in which such charges are recorded, all in accordance with GAAP) recorded by the Borrower in Fiscal Year 1996 or the first Fiscal Quarter of Fiscal Year 1997, in connection with prepayment charges, the writeoff of deferred financing costs and other appropriate charges in connection with the termination and/or amendment of various agreements as to Indebtedness of the Borrower and other matters and (b) $10,600,000 (before taking into account any associated tax benefit, which tax benefit will be determined based on the Borrower's effective tax rate for the period in which such charges are recorded, all in accordance with GAAP) recorded by the Borrower in Fiscal Year 1996 or the first Fiscal Quarter of Fiscal Year 1997, in connection with the termination of the Borrower's agreement to provide distribution services to Arby's restaurants.