Examples of Consolidated Gross Revenues in a sentence
Consolidated Capital Expenditures made in cash by the Parent Borrower and its Subsidiaries during any fiscal year shall not exceed 2.00% of Consolidated Gross Revenues plus the unused portion of Consolidated Capital Expenditures that would have been permitted in the previous fiscal year in an amount not to exceed $1,000,000.
Consolidated Net Revenues (“CNR”) shall mean, for any given financial period, the difference between (i) the sum of Consolidated Gross Revenues (“CGR”) and (ii) Consolidated Variable Costs (“CVC”), each for such period, of the consolidation scope (“CS”) of Permal.
Existing Material Subsidiaries as of the Closing Date and the contribution of each such Material Subsidiary to Consolidated Tangible Net Worth and Consolidated Gross Revenues as of December 31, 1996, are as set forth on SCHEDULE 1(A) hereto.
Any Subsidiary to which more than five percent (5%) of either (a) Consolidated Tangible Net Worth or (b) Consolidated Gross Revenues (not including intercompany transfers) is allocable.
Permit Consolidated Rental Expense for --------------------------- any Fiscal Year to be greater than 3.5% of Consolidated Gross Revenues.