eTrade 2005 Annual Report Download - page 472

“
Consolidated Fixed Charges
” means, with respect to any Person for any period, the sum, without duplication, of (1)Consolidated
Interest Expense, plus (2)the product of (A)the amount of all dividend payments on any series of Preferred Stock of such Person (other
than (x)dividends paid in Qualified Capital Stock and (y)dividends on the Preferred Stock, the net proceeds of which will be used for
the Distribution, to the extent they are paid in kind or accrete, except to the extent they constitute Disqualified Capital Stock) paid,
accrued or scheduled to be paid or accrued during such period times (B)a fraction, the numerator of which is one and the denominator
of which is one minus the then current effective consolidated federal, state and local tax rate of such Person, expressed as a decimal.
“
Consolidated Interest Expense
” means, for any period, the aggregate amount of interest in respect of Indebtedness (including,
without limitation, amortization of original issue discount on any Indebtedness and the interest portion of any deferred payment
obligation of the type described under clause (4)of the definition of “Indebtedness”, calculated in accordance with the effective
interest method of accounting; all commissions, discounts and other fees and charges owed with respect to letters of credit and
bankers’ acceptance financing; Indebtedness that is Guaranteed or secured by the Company, any of its Restricted Subsidiaries, or any
of its Regulated Subsidiaries), and all but the principal component of rentals in respect of Capitalized Lease Obligations paid, accrued
or scheduled to be paid or to be accrued by the Company, its Restricted Subsidiaries and its Regulated Subsidiaries during such
period; excluding, however, (1)any amount of such interest of any Restricted Subsidiary or Regulated Subsidiary if the net income of
such Restricted Subsidiary or Regulated Subsidiary is excluded in the calculation of Adjusted Consolidated Net Income pursuant to
clause (3)or (4)of the definition thereof (but only in the same proportion as the net income of such Restricted Subsidiary or Regulated
Subsidiary is excluded from the calculation of Adjusted Consolidated Net Income pursuant to clause (3)or (4)of the definition thereof)
and (2)any premiums, fees and expenses (and any amortization thereof) payable in connection with the offering of the Notes, the 2013
Notes and the 2011 Notes, all as determined on a consolidated basis (without taking into account Unrestricted Subsidiaries) in
conformity with GAAP, and (3)interest payments on trust preferred or similar securities issued by a Regulated Subsidiary to the extent
the proceeds of the sale of such securities are invested in a Regulated Subsidiary.
“
Consolidated Net Worth
” means, at any date of determination, stockholders’ equity as set forth on the most recently available
quarterly or annual consolidated balance sheet of the Company and its Restricted Subsidiaries and Regulated Subsidiaries (which shall
be as of a date not more than 90 days prior to the date of such computation, and which shall not take into account Unrestricted
Subsidiaries), plus, to the extent not included, any Preferred Stock of the Company, less any amounts attributable to Disqualified Stock
or any equity security convertible into or exchangeable for Indebtedness, the cost of treasury stock and the principal amount of any
promissory notes receivable from the sale of the Capital Stock of the Company or any of its Restricted Subsidiaries or
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2006. EDGAR Online, Inc.