Common use of BORROWING COSTS Clause in Contracts

BORROWING COSTS. Paid: interest and costs (paid, due to be paid or capitalised) to service Gross Borrowings including the effect of amounts paid and received under interest rate hedging related to Gross Borrowings. Capital Expenditure: expenditure on the purchase of fixed assets, including amounts funded by hire purchase or finance leases. CFADS: Net Cash Flow less Net Capital Expenditure. Debt Service Liability: Borrowing Costs Paid plus scheduled repayments of Gross Borrowings. Directors' Remuneration: Amounts paid to directors by way of salary, fees, pension contributions, bonus contributions and any other similar reward payments.