Consolidated Net Finance Charges means, for any Relevant Period, the aggregate amount of the accrued interest, commission, fees, discounts, prepayment penalties or premiums and other finance payments in respect of Borrowings whether paid, payable or capitalised by any member of the Group in respect of that Relevant Period:
Consolidated Net Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), commission, fees, discounts and other finance payments payable by any member of the Group (including any commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group on any deposit or bank account;
Consolidated Net Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), commission, fees, discounts and other finance payments payable by any member of the Group, other than Project Finance Subsidiaries, (including any commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group, other than Project Finance Subsidiaries, on any deposit or bank account, provided that, if a percentage of the EBITDA of any Associate is included in the Consolidated EBITDA then the same percentage of such Associate’s Consolidated Net Finance Charges (but as if references in such definition to “Group” were references to the Associate and its Subsidiaries) will be included in the calculation of Consolidated Net Finance Charges; and
Examples of Consolidated Net Finance Charges in a sentence
The ratio of Consolidated EBITDA to Consolidated Net Finance Charges in respect of any Relevant Period shall not be less than 7:1.
The Original Borrower shall procure that the ratio of Consolidated Profit Before Interest and Tax for each period of twelve months ending at the end of any Financial Year and at the end of any Financial Half Year to Consolidated Net Finance Charges for the same period shall not be less than 3.0:1.0.
The Parent shall ensure that the ratio of Consolidated Profits before Interest, Tax and Amortisation in respect of each period of 12 months ending on 30th June and 31st December in each year to Consolidated Net Finance Charges for such period shall exceed 2.75:1.
The Parent shall ensure that the ratio of Consolidated Profits before Interest and Tax in respect of any financial year to Consolidated Net Finance Charges for such financial year shall exceed 2.5:1.
The Parent Guarantor will not permit the ratio of Consolidated EBITDA to Consolidated Net Finance Charges as at the end of each Relevant Period to be less than 4.00 to 1.00.
More Definitions of Consolidated Net Finance Charges
Consolidated Net Finance Charges has the meaning given to such term in Clause 28.1 (Financial definitions).
Consolidated Net Finance Charges means, in respect of any Relevant Period, consolidated Finance Charges (including any capitalised interest) and similar items as shown in the financial statements of the Group then most recently delivered under paragraphs (a) or (b) of Clause 18.1 (Financial statements) (as the case may be) in respect of Indebtedness for Borrowed Money less interest income.
Consolidated Net Finance Charges means, for any Relevant Period, the amount of Interest Payable during that period less Interest Income during that period.
Consolidated Net Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), recurring or periodic commission, fees, discounts and other finance payments payable by any member of the Group, other than Project Finance Subsidiaries, (including any recurring or periodic commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any recurring or periodic commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group, other than Project Finance Subsidiaries, on any deposit or bank account, provided that, if a percentage of the EBITDA of any Associate is included in the Consolidated EBITDA then the same percentage of such Associate's Consolidated Net Finance Charges (but as if references in such definition to Group were references to the Associate and its Subsidiaries) will be included in the calculation of Consolidated Net Finance Charges; and 20.1.1.4 Measurement Period means each period of 12 (twelve) Months ending on the last day of the Parent's Financial Year and each period of 12 (twelve) Months ending on the last day of the first half of the Parent's Financial Year. For the purposes of this Clause 20, if at any time the Cerro Corona Subsidiary is (or is deemed to be) a Material Group Company it shall be deemed to not be a Project Finance Subsidiary. Financial condition The Parent shall ensure that: 20.
Consolidated Net Finance Charges means, for any Relevant Period, the aggregate amount of the accrued interest, commission, fees, discounts, prepayment penalties or premiums and other finance payments in respect of Borrowings whether paid, payable or capitalised by Centum in respect of that Relevant Period:
Consolidated Net Finance Charges means Consolidated Interest Payable less Consolidated Interest Receivable during the relevant period;
Consolidated Net Finance Charges means, in respect of any Relevant Period, the aggregate amount of the interest (including the interest element), commission, fees, discounts and other finance payments payable by any member of the Group (other than to another member of the Group or to USPI by any member of the Group). INCLUDING any commission, fees, discounts and other finance payments payable by any member of the Group under any interest rate hedging arrangement.