Consolidated Fixed Charges Ratio

Consolidated Fixed Charges Ratio. For any Calculation Period, the ratio of (a) (i) Shaw EBITDA for such Calculation Period less (ii) Non-Financed Capital Expenditures plus (iii) the Net Cash Proceeds from the sale of any asset and which is allocated to any such asset as part of such sale, which would be classified as a fixed or capital asset on a consolidated balance sheet of the Consolidated Group prepared in accordance with Agreement Accounting Principles but excluding those expenditures incurred to replace assets lost due to... casualty or condemnation, provided that the proceeds from insurance or condemnation are used to pay therefor; to (b) the sum of (i) Consolidated Interest Expense excluding any amortization of financing fees, amortization of discounts and other interest expenses not paid in cash, (ii) mandatory scheduled principal payments on any Indebtedness (other than principal due upon the Facility Termination Date and amounts to be paid in connection with the tender for the Borrower's notes evidencing its term debt) plus (iii) taxes paid in cash and determined, directly or indirectly, by the income of the Borrower or any Person in the Consolidated Group. The calculation of Fixed Charges Ratio shall be calculated beginning in the second fiscal quarter of the fiscal year ending August 31, 2005 after giving pro forma effect to the consummation of the Transactions. View More

Consolidated Fixed Charges Ratio. Shall be amended by replacing the reference therein to "the Facility Termination Date" with a reference to "any Facility Termination Date".