Consolidated Pro Forma Interest Expense definition

Consolidated Pro Forma Interest Expense means the sum of (a) Consolidated Interest Expense, plus (b)(i) without duplication, the interest expense of Companies acquired by Borrower and its Subsidiaries during the most recently completed four (4) fiscal quarters to the extent that such interest expense of Companies acquired is confirmed by audited financial or other information satisfactory to Agent, minus (ii) interest expense of Companies disposed of by Borrower and its Subsidiaries during the most recently completed four (4)
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Consolidated Pro Forma Interest Expense means, at any time, in respect of the incurrence of any Debt by the Company or any Subsidiary, the Consolidated Interest Expense for the period of four (4) fiscal quarters of the Company then most recently ended assuming for the purposes of the determination thereof, that
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Consolidated Pro Forma Interest Expense means, for any future --------------------------------------- period, projected Consolidated Interest Expense. For purposes of computing Consolidated Pro Forma Interest Expense:
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Examples of Consolidated Pro Forma Interest Expense in a sentence

  • Subject to satisfaction of the conditions precedent set forth in Section 18 below, Lenders hereby waive any Event of Default that occurred under Section 6.5.2 of the Credit Agreement as a result of Borrower's failure to maintain a Consolidated Pro Forma EBITDA minus Capital Expenditures to Consolidated Pro Forma Interest Expense ratio equal to or in excess of 3.00 to 1.00 for the periods ending September 30, 2000 and December 31, 2000.

  • As of the last day of each fiscal quarter of the Company during ------- the periods set forth in the table below, Consolidated EBITDA for the period of four consecutive fiscal quarters then ending shall exceed the percentage of Consolidated Pro Forma Interest Expense set forth in the table below for the period of four consecutive fiscal quarters commencing immediately after such date.

  • As of the last day of each fiscal quarter of the ---------------- Company, Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters then ending shall exceed 250% of Consolidated Pro Forma Interest Expense for the period of four consecutive fiscal quarters commencing immediately after such date.

  • For each period of four consecutive fiscal quarters of the Company (measured as of the last day of each fiscal quarter of the Company), the ratio of (a) the remainder of Consolidated Pro Forma EBITDA MINUS Capital Expenditures to (b) Consolidated Pro Forma Interest Expense shall equal or exceed 3.00 to 1.00.


More Definitions of Consolidated Pro Forma Interest Expense

Consolidated Pro Forma Interest Expense means, for any period, the sum of:
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Consolidated Pro Forma Interest Expense means with respect --------------------------------------- to any four fiscal quarter period, the sum of all interest expense and commitment and facility fees, both expensed and capitalized (including the interest component in respect of Capital Lease Obligations), payable in respect of, without duplication (a) the aggregate of all Indebtedness, in each case of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP, (b) the Parent Debt (other than any non-cash portion thereof), and (c) the Designated Holding Company Debt (other than any non-cash portion thereof), in each such case giving effect to (i) the aggregate of all such Indebtedness outstanding and the rates in effect as of the beginning of such period and (ii) principal amounts that are scheduled to become payable during such period by the Borrower, any Subsidiary, the Parent or any Holding Company, as applicable in respect of such Indebtedness.
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Consolidated Pro Forma Interest Expense means, for LIN Television, the Borrower and the Restricted Subsidiaries, determined on a Consolidated basis, Consolidated Interest Expense calculated for the four consecutive fiscal quarters immediately following the fiscal quarter in which the date of determination occurs, giving effect to the Consolidated Total Debt outstanding, the interest rates in effect as of the date of determination and the principal amortization and commitment reductions scheduled during such period.
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Consolidated Pro Forma Interest Expense contained in Section 1.1 of the Credit Agreement is hereby amended by deleting the parenthetical phrase “(other than any non-cash portion thereof)” in both places in which such phrase appears and inserting the following in its place: (other than any non-cash portion thereof and, with respect to the Parent Loan, any payment of interest thereon)
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Consolidated Pro Forma Interest Expense means with respect to any four fiscal quarter period, the sum of all interest expense and commitment and facility fees, both expensed and capitalized (including the interest component in respect of Capital Lease Obligations), payable in respect of, without duplication (a) the aggregate of all Indebtedness, in each case of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP, (b) the Parent Debt (other than any non-cash portion thereof and, with respect to the Parent Loan, any payment of interest thereon), and (c) the Designated Holding Company Debt (other than any non-cash portion thereof and, with respect to the Parent Loan, any payment of interest thereon), in each such case giving effect to (i) the aggregate of all such Indebtedness outstanding and the rates in effect as of the beginning of such period and (ii) principal amounts that are scheduled to become payable during such period by the Borrower, any Subsidiary, the Parent or any Holding Company, as applicable in respect of such Indebtedness.
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Consolidated Pro Forma Interest Expense of any Person for any period means Consolidated Interest Expense of such Person for such period determined on a Pro Forma Basis.
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Related to Consolidated Pro Forma Interest Expense

  • Consolidated Net Interest Expense means, for any period with respect to the Company and its Subsidiaries, interest expense minus capitalized interest and interest income for such period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Consolidated Total Interest Expense means with respect to any Person for any period, the aggregate amount of interest required to be paid or accrued by a Person and its Subsidiaries during such period on all Indebtedness of such Person and its Subsidiaries outstanding during all or any part of such period, whether such interest was or is required to be reflected as an item of expense or capitalized, including payments consisting of interest in respect of any capitalized lease or any synthetic lease, and including commitment fees, agency fees, facility fees, balance deficiency fees and similar fees or expenses in connection with the borrowing of money.

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Consolidated EBIT means, for any fiscal period, Consolidated Net Income for such period plus, to the extent deducted in determining Consolidated Net Income for such period, the aggregate amount of (i) Consolidated Interest Expense and (ii) federal, state and local income tax expense.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • Net Interest Expense means, for any period, the total of (a) Interest Expense for such period minus (b) Interest Expense to Affiliates for such period to the extent included in the amount referred to in clause (a) and related to (i) interest payments on Debt obligations that are subordinated to the obligations of the Borrower under this Agreement or (ii) interest on Nonrecourse Indebtedness minus (c) interest on ComEd Debt for such period.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Total Interest Expense means, for any period, the sum of (i) the aggregate amount of interest accrued during such period in respect of Indebtedness (including the interest component of rentals in respect of Capital Lease Obligations) of the Company and the Restricted Subsidiaries (determined on a consolidated basis), other than obligations under any Guarantee permitted under subparagraph (x) of Section 7.16, (ii) the aggregate amount of fees accrued in respect of the Letters of Credit hereunder during such period and (iii) the aggregate amount of Commitment Fees accrued hereunder during such period. For purposes of this definition, the amount of interest accrued in respect of Indebtedness for any period (A) shall be increased (to the extent not already treated as interest expense or income, as the case may be) by the excess, if any, of amounts payable by the Company and/or any Restricted Subsidiary arising under any interest rate Swap Contract during such period over amounts receivable by the Company and/or any Restricted Subsidiary thereunder (or reduced by the excess, if any, of such amounts receivable over such amounts payable) and interest on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Company to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP and (B) shall be increased or reduced, as the case may be, by the amount of interest accrued during such period in respect of Indebtedness of the Company or any Restricted Subsidiary in respect of assets acquired or disposed of (including by means of any redesignation of any Subsidiary pursuant to Section 7.08(c)) by the Company or any Restricted Subsidiary on or after the first day of such period, determined on a pro forma basis reasonably satisfactory to the Administrative Agent (it being agreed that it shall be satisfactory to the Administrative Agent that such pro forma calculations may be based upon GAAP as applied in the preparation of the financial statements for the Company, delivered in accordance with Section 7.01 rather than as applied in the financial statements of the Person whose assets were acquired and may include, in the Company’s discretion, a reasonable estimate of savings resulting from any such acquisitions or dispositions, as though the Company or such Restricted Subsidiary acquired or disposed of such assets on the first day of such period.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated Net Indebtedness means at any time, Consolidated Total Indebtedness minus all Unrestricted Cash of the Borrowers and their Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Debt means, at any date, the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • consolidated basis means on the basis of the consolidated situation;

  • Consolidated Fixed Charges means, with respect to any Person for any period, the sum, without duplication, of:

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.