Common use of Interest Expense Clause in Contracts

Interest Expense. In respect of any period, an amount equal to the sum of the interest incurred during such period based on a stated interest rate with respect to Indebtedness for Money Borrowed of the Borrower and its Restricted Subsidiaries on a consolidated basis.

Appears in 7 contracts

Sources: Loan Agreement (Horton D R Inc /De/), Loan Agreement (Horton D R Inc /De/), Working Capital Line of Credit Agreement (Horton D R Inc /De/)

Interest Expense. In respect of any period, an amount equal to the ---------------- sum of the interest incurred during such period based on a stated interest rate with respect to Indebtedness for Money Borrowed of the Borrower and its Restricted Subsidiaries on a consolidated basis.

Appears in 1 contract

Sources: Master Loan and Inter Creditor Agreement (Horton D R Inc /De/)