Borrowers Consolidated Fixed Charges

Borrowers Consolidated Fixed Charges. "Borrower's Consolidated Fixed Charges" means the sum of Borrower's Consolidated Interest Expense, payments of principal on Indebtedness (other than under this agreement if the Borrower has the right to redraw the amount so paid), income taxes paid in cash and dividends on Preferred Stock accrued during such period, but only to the extent paid in cash during the next Fiscal Quarter.