Consolidated Adjusted Interest Expense means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the sum of (x) cash interest paid in respect of the stated rate of interest (including any default rate of interest, if applicable) applicable to any Indebtedness plus (y) the net amount paid in cash (or minus the net amount received in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such period and to the extent not already taken into account under clause (x).
Consolidated Adjusted Interest Expense means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the sum of (x) cash interest paid in respect of the stated rate of interest (including any default rate of interest, if applicable) applicable to any Indebtedness plus (y) the net amount paid in cash (or minus the net amount received in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such period and to the extent not already taken into account under clause (x), plus (z) if any Financing Subsidiary is a counterparty to any Total Return Swap, the net amount paid in cash relating to interest (on the outstanding utilized notional amount of such Total Return Swap less all of the cash collateral supporting such Total Return Swap) during such period.
Consolidated Adjusted Interest Expense means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the sum of (x) (i) amounts paid or payable in cash for such period in respect of interest (including any default rate of interest, if applicable), unused fees, facility fees, letter of credit fees, and any other fees applicable to any Indebtedness and treated as interest under GAAP, and (ii) the amortization of any original issue discount (but excluding, for the avoidance of doubt, any one-time cash payments in respect of original issue discount at the time of issuance of any Indebtedness), plus (y) the net amount paid or payable for such period in cash (or minus the net amount received or receivable in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such period and to the extent not already taken into account under clause (x), plus (z) capitalized interest expense and interest expense attributable to Capital Lease Obligations to the extent not already taken into account under clause (x).
Examples of Consolidated Adjusted Interest Expense in a sentence
If the Company issues capital stock for cash during such period and promptly applies the net proceeds thereof to permanent reduction of Indebtedness of the Company or its consolidated Subsidiaries, Consolidated Adjusted Interest Expense for such period shall be calculated on a pro forma basis as if such permanent reduction of Indebtedness had been made as of the first day of such period.
In making such pro forma calculation of the Consolidated Adjusted Interest Expense with respect to Indebtedness or other obligations issued or incurred in connection with the acquisition, interest expense thereon shall be calculated on the basis of an interest rate per annum not less than the one-month Eurocurrency Rate as of the last day of such period plus a Eurocurrency Applicable Margin determined on the basis of the Company’s Debt Rating as of the last day of such period.
More Definitions of Consolidated Adjusted Interest Expense
Consolidated Adjusted Interest Expense for any period, the interest expense of the Company and its consolidated Subsidiaries for such period (exclusive of nonrecurring fees which the Company or its consolidated Subsidiaries expense as interest expense), all as determined on a consolidated basis in accordance with GAAP.
Consolidated Adjusted Interest Expense means, for any period, the -------------------------------------- sum of Interest Expense (a) of Guarantor and its subsidiaries and (b) accruing on any Indebtedness of any other Person to the extent such Indebtedness is guaranteed by Guarantor or any of its subsidiaries, but excluding any Interest Expense (i) on Non-Recourse Indebtedness; and (ii) on Indebtedness of a Person before the date (A) it becomes a subsidiary of Guarantor, (B) it is merged or consolidated with Guarantor or (C) a subsidiary of Guarantor or its assets are acquired by Guarantor to the extent that income or loss of such Person is excluded under the definition of Consolidated Adjusted Net Income, each determined for such period on a consolidated basis in accordance with GAAP.
Consolidated Adjusted Interest Expense for any period shall mean the sum of (a) the total interest expense of the Borrower and its consolidated Subsidiaries (other than Special Purpose Subsidiaries) and (b) any cash dividend paid on the Borrower's Trust Preferred, for such period determined on a consolidated basis in accordance with GAAP.
Consolidated Adjusted Interest Expense means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the sum of (w) (i) amounts paid or payable in cash for such period in respect of interest (including any default rate of interest, if applicable), unused fees, facility fees, letter of credit fees, and any other fees applicable to any Indebtedness and treated as interest under GAAP, and (ii) the amortization of any original issue discount (but excluding (A) any one-time cash payments in respect of original issue discount at the time of issuance of any Indebtedness and (B) any acceleration of unamortized debt issuance cost upon prepayment of Indebtedness, plus (x) the net amount paid or payable for such period in cash (or minus the net amount received or receivable in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such period and to the extent not already taken into account under clause (w), plus (y) capitalized interest expense and interest expense attributable to Capital Lease Obligations to the extent not already taken into account under clause (w), plus (z) cash dividends or distributions paid or payable pursuant to Section 6.05(e).
Consolidated Adjusted Interest Expense means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the sum of (x) cash interest paid in respect of the stated rate of interest (including any default rate of interest, if applicable) applicable to any Indebtedness plus (y) the net amount (after giving effect to any netting agreements) paid in cash (or minus the net amount received in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such period and to the extent not already taken into account under clause (x) plus (z) cash dividends or distributions payable pursuant to Section 6.05(e).
Consolidated Adjusted Interest Expense means, for any period, the sum of Interest Expense (a) of TECO and its subsidiaries and (b) accruing on any Indebtedness of any other Person to the extent such Indebtedness is guaranteed by TECO or any of its subsidiaries, but excluding any Interest Expense (i) on Non-Recourse Indebtedness; and (ii) on Indebtedness of a Person before the date (A) it becomes a subsidiary of TECO, (B) it is merged or consolidated with TECO or (C) a subsidiary of TECO or its assets are acquired by TECO to the extent that income or loss of such Person is excluded under the definition of Consolidated Adjusted Net Income, each determined for such period on a consolidated basis in accordance with GAAP.
Consolidated Adjusted Interest Expense for any period shall mean the sum of (a) the total interest expense of the Borrower and its consolidated Subsidiaries (other than Special Purpose Subsidiaries) and (b) any cash dividend paid on the Borrower's Trust Preferred, for such period determined on a consolidated basis in accordance with GAAP. "Consolidated Adjusted Rental Expense" for any period shall mean aggregate rent and lease payments made pursuant to operating leases for such period by the Borrower and its consolidated Subsidiaries (other than Special Purpose Subsidiaries) determined on a consolidated basis in accordance with GAAP. "Consolidated Capitalization" at any time shall mean the sum of Consolidated Net Worth at such time and Consolidated Indebtedness at such time. "Consolidated Fixed Charges" for any period shall mean the sum of Consolidated Adjusted Interest Expense for such period and Consolidated Adjusted Rental Expense for such period. "Consolidated Fixed Charges Coverage Ratio" for any period shall mean the ratio of the Consolidated Adjusted EBITDAR (less any cash dividend paid on the Borrower's common stock) for such period to the Consolidated Fixed Charges for such period. "Consolidated Indebtedness" at any time shall mean the Indebtedness of the Borrower and its consolidated Subsidiaries at such time determined on a consolidated basis in accordance with GAAP. "Consolidated Leverage Ratio" at any time shall mean the ratio of Consolidated Indebtedness to the Consolidated Capitalization at such time. "Consolidated Net Income" for any period shall mean the net earnings (or loss) after taxes of the Borrower and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. "Consolidated Net Worth" at any time shall mean the total amount of stockholders' equity (including, without duplication, the face amount of the Borrower's Trust Preferred issued and outstanding at such time) of the Borrower and its consolidated Subsidiaries at such time determined on a consolidated basis in accordance with GAAP, provided, that in the calculation of Consolidated Net Worth of the Borrower solely for the purposes of Section 6.01(b), accumulated translation adjustments with respect to the Borrower's investments in foreign entities shall be excluded. "Continuing Directors" shall mean members of the board of directors of the Borrower who (a) were directors on January 1, 1999 or (b) have been directors for at least two years, or (c) were nominated or elected ...