Cash Interest Charges definition

Cash Interest Charges means, for any Person and for any period, that --------------------- portion of Interest Charges of that Person which are paid or currently payable in Cash during that period excluding intercompany accounts.

Cash Interest Charges means, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, Consolidated Interest Charges that have been paid or are payable in cash during such period net of cash interest income.

Cash Interest Charges means, for any period, for the Borrower, the sum of (a) all interest, premium payments, utilization fees and nonusage fees (but not including any arrangement or agency fees or any upfront fees paid to any agent or to any lender), charges and related expenses of the Borrower 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, plus (b) the portion of rent expense of the Borrower with respect to such period under capital leases that is treated as interest in accordance with GAAP; in each case to the extent paid by the Borrower in Cash during such period.

Examples of Cash Interest Charges in a sentence

• As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Charges for such period to be less than 3.00 to 1.00.

• As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Charges for such period to be less than 3.00 :1.00.

• Consolidated Cash Interest Charges shall be adjusted to give pro forma effect to the Acquisition of any companies by the Obligors during such period to the extent the EBITDA of such Acquired companies are included in the calculation of Consolidated EBITDA for the relevant period.

• The term "Interest Coverage Ratio" shall mean, for any fiscal period or Reference Period, the ratio of the Consolidated Adjusted Cash Flow of the Companies to the Cash Interest Charges of the Companies for such fiscal period or Reference Period, excluding from the calculation of such ratio any applicable charge in respect of the Xxxxxxxx'x Litigation Expense or the Specified Restaurant Closing Expenses.

More Definitions of Cash Interest Charges

Cash Interest Charges means, with respect to any period, the sum (without duplication) of the following: all cash interest (paid or accrued and payable in cash) in respect of Debt of the Companies (including imputed interest on Capital Leases of the Companies) deducted in determining Net Income for such period;

Cash Interest Charges means, for any period for the Borrower and its Subsidiaries on a consolidated basis, the Consolidated Interest Charges for such period less the Non-Cash Interest Charges for such period.

Cash Interest Charges means, for any period, that portion of Interest Charges of Borrower and its Restricted Subsidiaries which are paid or currently payable in Cash during that period (and to the extent that Detroit is designated as the Sale Asset, any such Interest Charges of Detroit Entertainment, L.L.C., the owner of the Motor City Casino) excluding Interest Charges in respect of:

Cash Interest Charges means, with respect to any period, the sum (without duplication) of the following: all cash interest (paid or accrued and payable in cash) in respect of Debt of the Obligors (including imputed interest on Capital Leases of the Obligors) deducted in determining Net Income for such period. "Cash Interest Charges" shall be adjusted retroactively to give effect to the Debt of any business entity acquired by an Obligor (whether by acquisition of stock, assets or otherwise) and shall be computed as though such Debt of such

Cash Interest Charges means sum of Interest Expense, as determined on a consolidated basis.

Cash Interest Charges means, for any period, that portion of Interest Charges of Borrower and its Restricted Subsidiaries which are paid or currently payable in Cash during that period excluding intercompany accounts, provided that if any Material Transaction occurs during that period, Cash Interest Charges shall be adjusted on a pro forma basis (a) in the case of any Material Transaction which is a Disposition, to exclude Interest Charges associated with Funded Debt in an amount equal to the consideration received by Borrower and its Restricted Subsidiaries in the form of cash and Cash Equivalents in connection with such Disposition, and (b) in the case of any Material Transaction which is an Acquisition, to increase Interest Charges by the amount of Interest Charges which would be associated with Funded Debt in an amount equal to the consideration paid by Borrower and its Restricted Subsidiaries in the form of cash and Cash Equivalents in connection with such Acquisition (in each case, for that portion of the period occurring prior to the receipt of such consideration, and at an interest rate which is equal, as of the time of calculation, to the rate of interest associated with LIBOR Loans under this Agreement).

Cash Interest Charges reads in full as follows: