Consolidated Interest Payable means all interest and other financing charges (whether, in each case, paid, payable or capitalized) incurred by the Group during a Measurement Period.
Consolidated Interest Payable means all interest and recurring financing charges including acceptance commission, commitment fees (but excluding for the avoidance of doubt any one-off or up-front fees), the interest element of rental payments on finance or capital leases (whether, in each case, paid or payable) and any other finance costs having the nature of interest included in consolidated pre-taxation profits, incurred by the Group in effecting, servicing or maintaining Consolidated Total Borrowings during a Measurement Period, after taking into account any amount relating to the current Measurement Period in respect of any interest rate hedging transactions in respect of the Consolidated Total Borrowings whether or not designated as IAS 39 xxxxxx.
Consolidated Interest Payable means, in respect of any period, the aggregate of all amounts of interest and equivalent financial expenses of the Issuer or its Subsidiaries payable to persons who are not the Issuer or such a Subsidiary (calculated on a consolidated basis but after deducting any interest receivable from persons who are not the Issuer or such a Subsidiary) attributable to such period and shall:
Examples of Consolidated Interest Payable in a sentence
So long as any of the Notes remains outstanding, the Issuer will not permit the ratio of Consolidated EBITA to Consolidated Interest Payable, as each is determined on a Rolling Twelve Month basis ending as of each Year- End Date and Semi-Annual Date, to be less than 2.0 to 1.0.
Company will ensure that the ratio of Consolidated EBITDA to Consolidated Interest Payable is not, at the end of each Measurement Period, less than 4.00 to 1.00.
The loan agreements contain financial covenants that require the Company to comply with certain levels of financial ratios namely Consolidated EBITDA to Consolidated Interest Payable, Consolidated Indebtedness to Consolidated Tangible Net Worth and Consolidated Indebtedness to Consolidated EBITDA.
The Company will ensure that the ratio of Consolidated EBITDA to Consolidated Interest Payable is not, at the end of each Measurement Period less than, 4.00 to 1.00 so long as the Company is required to maintain the same ratio under the LC Agreement, and, subject to Section 9.15, at all other times, 3.75 to 1.00.
The Company did not fulfill the Consolidated Total Borrowings to Consolidated Net Worth ratio, Minimum Net Worth ratio and ratio of Consolidated EBITDA to Consolidated Interest Payable covenants as required in the Terms and Conditions for the Bonds issued.
More Definitions of Consolidated Interest Payable
Consolidated Interest Payable means all interest and periodic financing charges including acceptance commission, accrued discount, commitment fee and the interest element of rental payments on finance or capital leases (whether, in each case, paid, payable or capitalised), incurred (on an accruals basis) by the Plc Group in effecting, servicing or maintaining Consolidated Total Debt during a Measurement Period (adjusted for any net payment or receipt under any interest rate hedging agreement or instrument and for the interest element of any net payment or receipt (plus or minus any accrued exchange gains or losses) under any currency hedging instrument or arrangement), but, for the avoidance of doubt, excluding: --------------------------------------------------------------------------------
Consolidated Interest Payable means all interest and other Financing Charges incurred by the Group during the relevant period;
Consolidated Interest Payable means all interest and periodic financing charges including acceptance commission, commitment fee and the interest element of rental payments on finance or capital leases (whether, in each case, paid or payable in cash but excluding capitalised interest (relating to debt issue costs) and interest payable in kind), incurred by the Group or relevant member of the Group (as the case may be) in effecting, servicing or maintaining Consolidated Total Borrowings during a Measurement Period and including, for the avoidance of doubt, all documentary credit fees in relation to Documentary Credits.
Consolidated Interest Payable means the aggregate amount (calculated on a consolidated basis) of all interest and other financing charges (whether, in each case, paid, payable or (other than interest on a facility which is capitalised during the applicable construction or conversion or development period of an asset being financed by that facility) capitalised) incurred by Constellation and any of its Subsidiaries during a Financial Covenant Measurement Period (a) including (without limitation) any net amounts payable (after giving effect to all netting-off provisions) under interest hedging contracts, and (b) excluding all interest and other financing charges in respect of Project Finance;
Consolidated Interest Payable means, at any time, all interest and other financing charges (whether, in each case, paid or payable) incurred and payable by the Group.
Consolidated Interest Payable means in relation to a Measurement Period all interest charges, periodic financing charges and charges in the nature of interest, including acceptance commission, commitment fee, guarantee fee, fronting fee and the interest element of rental payments and of payments under finance or capital leases (whether, in each case, paid, payable or capitalised), incurred by any member of the Group in effecting, servicing or maintaining Consolidated Financial Indebtedness during that Measurement Period.
Consolidated Interest Payable means all interest and other financing charges (whether, in each case, paid, payable or capitalized) incurred by the Group during a Measurement Period. “Consolidated Net Worth” means at any time the aggregate of: (a) the amount paid up or credited as paid up on the issued share capital of the Company; and (b) the net amount standing to the credit (or debit) of the consolidated reserves of the Group, based on the latest published consolidated balance sheet of the Company (the “latest balance sheet”) but adjusted by: (i) deducting any amount attributable to any mandatorily redeemable preference shares redeemable before the Final Maturity Date; (ii) deducting any dividend or other distribution proposed, declared or made by the Company (except to the extent it has been taken into account in the latest balance sheet); and (iii) deducting any amount attributable to an upward revaluation of assets after the date of the Original Financial Statements or, in the case of assets of a company which becomes a member of the Group after that date, the date on which that company becomes a member of the Group. “Consolidated Tangible Assets” means Consolidated Total Assets less all intangible assets of the Group. “Consolidated Total Assets” means, at any time, the total assets of the Group as of such time determined in accordance with GAAP, after eliminating all amounts properly attributable to minority interests, if any, in the stock and surplus of Subsidiaries. “Consolidated Total Debt” means, without duplication, (a) all Indebtedness of the Group on a consolidated basis plus (b) any liability arising from any deferred payment agreements arranged primarily as a method of raising finance or financing the acquisition of an asset; and (c) any Guaranty of a member of the Group with respect to liabilities of the type referred to in clause (b) above.