Corporate Interest definition

Corporate Interest means, for any period, the sum of (i) the aggregate of the interest expense accrued during such period by the Borrower on Recourse Debt less the amount of interest, if any, included in such interest expense which was capitalized in accordance with GAAP, plus (ii) to the extent not included in clause (i), rent or similar payments on Recourse Debt consisting of Finance Leases accrued during such period by the Borrower.

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Corporate Interest means the interest of a company as it emerges from the company’s business in the reference market and in the context of the group to which the company belongs, considering also the advantages deriving from the affiliation to such a group.

Corporate Interest means, for any period, the aggregate of the Borrower's accrued obligations during such period to pay interest on Recourse Debt and Non-Affiliate Subordinated Debt.

Examples of Corporate Interest in a sentence

To obtain such release, Employee shall repay to Corporation within sixty (60) days of the Termination Event, the Corporate Interest.
The value of the economic benefit attributable to the life insurance protection provided to Employee under this Agreement shall be the lower of the PS-58 rates or Insurer's current published premium rate for annually renewable term insurance for standard risks, assuming death benefit equal to the face amount of the Policy less the Corporate Interest.
Alternatively, at the election of Employee prior to the expiration of said sixty (60) day period, Employee may request, in writing, that Corporation apply to Insurer for a loan from the Policy the proceeds of which shall be paid to Corporation in satisfaction of its Corporate Interest.
Alternatively, Corporation may enforce its right to be repaid the Corporate Interest from the cash surrender value of the Policy under the collateral assignment of the Policy; provided that in the event the cash surrender value of the Policy exceeds the amount due Corporation, such excess shall be paid to Employee.
To secure the repayment to Corporation of -------------------- its Corporate Interest in the Policy arising hereunder and as defined in paragraph 5.4, Employee has, contemporaneously herewith, assigned the Policy to Corporation as collateral, in the form attached hereto as Exhibit B (the "Assignment").

More Definitions of Corporate Interest

Corporate Interest means, for any period, the sum of (a) the aggregate of interest expense accrued during such period by the Borrower and the Relevant Subsidiaries on Recourse Debt less the amount of interest, if any, included in such interest expense which was capitalized in accordance with GAAP, plus (b) to the extent not included in clause (a), rent or similar payments on Recourse Debt consisting of Finance Leases, capital leases, sale-leasebacks that are capitalized in accordance with GAAP, Synthetic Leases, all amortizations of the discount on Debt issued at discount, or other similar arrangements.

Corporate Interest for any period, the aggregate of interest expense accrued during such period by the Borrower and its consolidated Subsidiaries on Debt less the sum of (a) the amount of interest, if any, included in such interest expense which was capitalized in accordance with GAAP, (b) an amount equal to the percentage of the interest expense of any Subsidiary corresponding to the percentage of the EBITDA of such Subsidiary not taken into account in determining EBITDA for such period pursuant to the proviso to the first sentence of the definition thereof and (c) interest income accrued on the Synthetic L/C Deposit, subject to the last sentence of the definition of EBITDA.

Corporate Interest for any period, with reference to the Company’s consolidated financial statements, the aggregate of interest expense accrued during such period by the Company and its Subsidiaries on a consolidated basis on Debt less the sum of, without duplication, (a) the amount of interest, if any, included in such interest expense which was capitalized in accordance with GAAP, (b) the total interest income of such Person and the Restricted Subsidiaries, (c) interest expense attributable to Debt repaid or required to be repaid under any Debt for which the Company has notified the Administrative Agent in writing that it agrees it will not designate the Net Cash Proceeds of Asset Sales as Excluded Proceeds, in each case in connection with an Asset Sale, and (d) the interest expense attributable to Debt of any Unrestricted Subsidiary.

Corporate Interest for any period, the total interest expense accrued (including that attributable to Capital Lease Obligations) of the Borrower, Holdings and the Subsidiary Guarantors for such period with respect to all outstanding Debt of the Borrower, Holdings and the Subsidiary Guarantors on a consolidated basis (including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs or benefits under Swap Agreements in respect of interest rates to the extent such net costs or benefits are allocable to such period in accordance with IFRS).

Corporate Interest means an amount payable from the cash surrender value of the Policy equal to the amount of all premiums paid and expected to be paid by both parties assuming that the Agreement will be terminated upon the retirement of the Executive or as described in Section 4.1(b)(ii) minus the sum of any indebtedness described in Section 1.3(a) and the surrender charges, if any, imposed by the Issuer. In no event shall the Corporate Interest exceed the amount of the Policy's cash surrender value. The Corporate Interest shall be paid by the Executive as specified in Section 4.2 above, or by the Issuer upon surrender of the Policy.

Corporate Interest means all shares, voting rights, partnership interest or other interest of whatever nature in LS21 and/or LS21DM and/or the Building 1 Tenant and/or the Building 2 Tenant (as the case may be) and which shall in each case include all shares, voting rights, partnership interests or other interests of whatever nature in any person or entity or body holding shares or a partnership or other interest in LS21 and/or LS21DM and/or the Building 1 Tenant and/or the Building 2 Tenant and/or any parent or holding company or companies or any member(s), trustee(s) of LS21 and/or LS21DM and/or the Building 1 Tenant and/or the Building 2 Tenant (other than Land Securities Group plc) where a disposal of shares, voting rights, partnership or other interest in such entity achieves a disposal of LS21 and/or LS21DM and/or the Building 1 Tenant and/or the Building 2 Tenant (as the case may be);

Corporate Interest means an amount equal to ------------------ the cumulative value of all Premiums paid by the Corporation.