Consolidated Pro Forma Interest Expense definition

Consolidated Pro Forma Interest Expense means the sum of (a) Consolidated Interest Expense, plus (b)

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

Consolidated Pro Forma Interest Expense means, for any --------------------------------------- future period, projected Consolidated Interest Expense. For purposes of computing Consolidated Pro Forma Interest Expense: (1) the amount of Financing Debt outstanding on the first day of such period shall be assumed to remain outstanding during the entire period, except to the extent required to be reduced by mandatory scheduled payments, reductions in revolving credit availability and other items included in Consolidated Fixed Charges; and (2) where interest varies with a floating rate, the rate in effect on the first day of such period will be assumed to remain constant during the entire period (giving effect to any applicable Interest Rate Protection Agreements).

Examples of Consolidated Pro Forma Interest Expense in a sentence

• 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.

• 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.

• 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 of any Person for any period means Consolidated Interest Expense of such Person for such period determined on a Pro Forma Basis.

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.

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.

Consolidated Pro Forma Interest Expense means, for any period, the sum of:

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.

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)

Consolidated Pro Forma Interest Expense means the sum of (a) Consolidated Interest Expense, plus (b)(i) without duplication, the interest expense of Persons acquired by the Company and its Subsidiaries during the most recently completed four fiscal quarters to the extent that such interest expense is confirmed by audited financial or other information satisfactory to the Noteholders, minus (ii) interest expense of Persons disposed of by the Company and its Subsidiaries during the most recently completed four fiscal quarters.