Common use of Consolidated Interest Expense Clause in Contracts

Consolidated Interest Expense. For any fiscal period, the sum of (a) all interest (including, with respect to Subordinated Debt, all interest paid in cash, interest accrued but not paid in cash and PIK Interest), premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, (b) all interest paid or payable with respect to discontinued operations and (c) the portion of rent expense under Capitalized Leases that is treated as interest in accordance with GAAP, in each case, of or by the Parent and its Subsidiaries.