Aggregate Interest Expense definition
Aggregate Interest Expense is defined in clause (a) of the definition of "Non-Vehicle Interest Expense".
Aggregate Interest Expense means the aggregate consolidated gross interest expense of Budget and its Consolidated Subsidiaries for such period, as determined in accordance with GAAP, including (i) commitment fees paid or owed with respect to the issuance or maintenance of contingent liabilities (including letters of credit), which, in accordance with GAAP, would be included as interest expense, (iii) net costs or benefits under hedging arrangements and (iv) the portion of any payments made in respect of Capitalized Lease Liabilities of Budget and its Consolidated Subsidiaries allocable to interest expense, but excluding the amortization of debt issuance costs and other financing expenses incurred in connection with the Transaction (provided that, in the event any such period would include a Pre-Acquisition Period, such gross interest expense for such Pre-Acquisition Period would equal the sum of (A) in the event such Pre-Acquisition Period would include the fiscal quarter ending December 31, 1996, $31,053,000 plus (B) gross interest expense for the remainder of such Pre-Acquisition Period (or, if the preceding clause (A) is not applicable, for the entirety of such Pre-Acquisition Period) determined on a pro forma basis after giving effect to consummation of the Transaction in a manner consistent with the pro forma financial statements referred to in the Credit Agreement.
Aggregate Interest Expense means, with respect to the Parent and its consolidated Subsidiaries for any fiscal period, interest expense (whether cash or non-cash) of such Person determined in accordance with GAAP for the relevant period ended on such date, including interest expense with respect to any Funded Indebtedness of such Person and interest expense for the relevant period that has been capitalized on the balance sheet of such Person.