Consolidated Capital Base

Consolidated Capital Base. Shall mean the sum of the principal amount of all Subordinated Debt outstanding plus the amount of total stockholders' equity (including capital stock and retained earnings and deficits) of LGEC and its Consolidated Subsidiaries (but excluding any retained earnings and deficit of Cine-Groupe Corporation and Mandalay Pictures), minus the book value of any item of Product having a budgeted Negative Cost in excess of US$8,000,000 which has not been released within ... 18 months after Completion; provided, that in calculating the Consolidated Capital Base, LGEC may add back an amount equal to the write-off mandated by the American Institute of Certified Public Accountants Statement of Position 00-2 taken by LGEC for the fiscal year commencing April 1, 2000. View More