Consolidated Debt Service Charges definition
Consolidated Debt Service Charges means, for any period, the sum, without duplication, of the amounts determined for the Borrower and its Restricted Subsidiaries on a consolidated basis equal to: (i) Consolidated Cash Interest Expense plus (ii) the aggregate amount of all dividends or distributions on or in respect of the Borrower’s or any Restricted Subsidiary’s Equity Interests paid in cash in respect of Disqualified Equity Interests.
Consolidated Debt Service Charges means, for any period, the sum, without duplication, of the amounts determined for the Borrower and its Restricted Subsidiaries on a consolidated basis equal to: (i) Consolidated Interest Expenses plus (ii) the aggregate amount of all dividends or distributions on or in respect of the Borrower’s or any Restricted Subsidiary’s Capital Stock paid in cash in respect of Disqualified Stock.
Consolidated Debt Service Charges means, for any Measurement Period, the sum of (a) Consolidated Interest Expense paid in cash or required to be paid in cash during such Measurement Period, plus (b) scheduled principal payments paid in cash or required to be paid in cash (excluding amortization of discounts on warrant and closing costs) on account of Consolidated Funded Indebtedness (including, without limitation, on any of the Loans hereunder) during such Measurement Period; in each case of or by Borrower and its Subsidiaries for such applicable Measurement Period.
More Definitions of Consolidated Debt Service Charges
Consolidated Debt Service Charges means, for any period for the Consolidated Group, the sum of, without duplication (a) Consolidated Interest Expense payable in cash, plus (b) Scheduled Principal Payments on funded Indebtedness (excluding any balloon or final payment) plus (c) cash dividends and distributions on Preferred Stock, if any, in each case determined on a consolidated basis in accordance with GAAP; but excluding, in any event, (i) gains and losses from unwinding or break-funding of Swap Contracts, (ii) write-offs of unamortized deferred financing fees, (iii) prepayment fees, premiums and penalties, and (iv) other unusual or non-recurring items.
Consolidated Debt Service Charges mean, with respect to any Test Period, the sum of the following amounts during such Test Period (calculated for the Borrowers on a consolidated basis) (a) actual cash interest expense in respect of Indebtedness for borrowed money of the Borrowers; plus (b) actual scheduled principal payments on all long term Indebtedness of the Borrowers (excluding, however, any balloon installments due at the maturity of such Indebtedness). For purposes of calculating Consolidated Debt Service Charges, it is understood and agreed that (i) for the Fiscal Quarter ending December 31, 2022, Consolidated Debt Service Charges shall be measured by multiplying the Consolidated Debt Service Charges for the Fiscal Quarter ending December 31, 2022 by 4, (ii) for the Fiscal Quarter ending March 31, 2023, Consolidated Debt Service Charges shall be measured by multiplying the Consolidated Debt Service Charges for the two consecutive Fiscal Quarters ending March 31, 2023 by 2 and (iii) for the Fiscal Quarter ending June 30, 2023, Consolidated Debt Service Charges shall be measured by multiplying the Consolidated Debt Service Charges for the three consecutive Fiscal Quarters ending June 30, 2023 by 4/3.
Consolidated Debt Service Charges means, for any period for the Consolidated Group, the sum of, without duplication (a) Consolidated Interest Expense payable in cash, plus (b) scheduled principal payments on funded debt (excluding any balloon or final payment), in each case determined on a consolidated basis in accordance with GAAP; but excluding, in any event, (i) gains and losses from unwinding or break-funding of Swap Contracts, (ii) write-offs of unamortized deferred financing fees, (iii) prepayment fees, premiums and penalties, and (iv) other unusual or non-recurring items.
Consolidated Debt Service Charges means with respect to the Obligors and their Subsidiaries and for any period, the sum, without duplication, of (a) Consolidated Total Interest Expense for such period plus (b) any and all scheduled repayments of principal (excluding balloon payments of principal due upon the stated maturity of any Debt) during such period in respect of Indebtedness that becomes due and payable or that are to become due and payable during such period pursuant to any agreement or instrument to which the Obligors or any of their Subsidiaries is a party relating to (i) the borrowing of money or the obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business), (iii) in respect of any Synthetic Leases or any Capitalized Leases, (iv) in respect of any reimbursement obligations in respect of letters of credit due and payable during such period, and (v) Debt of the type referred to above of another Person guaranteed by the Obligors or any of their Subsidiaries. Demand obligations shall be deemed to be due and payable during any fiscal period during which such obligations are outstanding.
Consolidated Debt Service Charges means, for any period for QCP and its Restricted Subsidiaries, the sum of, without duplication (a) Consolidated Interest Expense payable in cash, plus (b) scheduled principal payments on funded Indebtedness (excluding any balloon or final payment), in each case determined on a consolidated basis in accordance with GAAP; but excluding, in any event, (i) gains and losses from unwinding or break-funding of Hedging Obligations, (ii) write-offs of unamortized deferred financing fees, (iii) prepayment fees, premiums and penalties, and (iv) other unusual or non-recurring items.
Consolidated Debt Service Charges for any period ending on any determination date (the “determination date”), the sum (without duplication) of (a) Consolidated Interest Expense for such period, and (b) payments made during such period on account of principal of Indebtedness of the Borrower and its Restricted Subsidiaries (including, without limitation, scheduled principal payments in respect of the Term Loans, but excluding all voluntary prepayments of Term Loans and Revolving Loans (other than to the extent accompanied by a permanent reduction in the Revolving Commitments)).