Define: Consolidated Charges

How is Consolidated Charges defined in a legal contract?

• Consolidated Charges means the total of the Consolidated Interest Expense for the previous four fiscal quarters, and the scheduled payments of Consolidated Funded Debt for the forthcoming four fiscal quarters. This excludes any expenses or debts attributed to non-wholly owned subsidiaries.
  Seen in 8 SEC filings.
• Consolidated Charges means, for any time period, the sum of the Consolidated Interest Charges for that period, and all Restricted Payments made during that period, on a consolidated basis, for the borrower and its subsidiaries.
  Seen in 4 SEC filings.
• Consolidated Charges means for any time period, any extraordinary or non-recurring charges of the business, including restructuring costs, payments to restructuring consultants and lawyers, non-cash impairment of asset charges, and other non-cash write-offs that were deducted in calculating the Consolidated Net Income.
  Seen in 3 SEC filings.
• Consolidated Charges means the sum of the Consolidated Interest Expense for the last four fiscal quarters, and the scheduled repayments of Consolidated Funded Debt for the next four fiscal quarters. This excludes any expenses or debts relating to any non-wholly owned subsidiary. The way Consolidated Interest Expense is calculated for the purposes of this definition varies depending on the period end date.
  Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of consolidated charges’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Consolidated Charges means the total of the Consolidated Interest Expense and upcoming Consolidated Funded Debt repayments over four fiscal quarters.

Relevant Contract Types

• Loan Agreement
• Credit Agreement
• Debt Restructuring Agreement

Relevant Circumstances

• When a business is borrowing money
• When a business is restructuring its debt
• When a business is determining its financial health

Relevant Sectors

• Banking
• Finance
• Corporate

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Genie Definition 2

• Consolidated Charges means all unique, non-recurring charges of a business.

Relevant Contract Types

• Business Sale Agreement
• Commercial Lease Agreement

Relevant Circumstances

• When a business is negotiating a sale
• When a business is negotiating a lease

Relevant Sectors

• Real Estate
• Retail
• Hospitality

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