Finance Costs definition

Finance Costs means, for any Test Period, the aggregate amount of interest costs, commission, fees, discounts, premiums or charges in respect of borrowings whether paid or accrued by the Group, including all payments relating to the realised net effect of any interest rate hedges but excluding the unrealised effect of any interest rate hedges, fees paid to the Agent pursuant to the terms of these Terms and Conditions or the Agency Agreement and any unrealised or realised losses pursuant to foreign exchange transactions.
Finance Costs means, in relation to a Measurement Period, the aggregate of all interest, commission, fees, discounts, premiums, charges and other finance costs (whether paid, payable or added to principal) incurred by the Group (or the Adjusted Group when calculating the ratio of Cashflow to Debt Service) during that period (calculated on a consolidated basis).
Finance Costs has the meaning set out in the Senior Credit Agreement.

Examples of Finance Costs in a sentence

  • The annual finance cost is calculated by applying the implicit interest rate to the outstanding liability and is charged to Finance Costs in the Statement of Comprehensive Income.

  • The annual finance cost is charged to Finance Costs in the Statement of Comprehensive Income.

  • Where applicable, distributions are classified as Finance Costs in the Statement of Comprehensive Income.

  • All other interest related charges are recognized as an expense in the consolidated statement of comprehensive income under the caption Finance Costs.

  • All interest-related charges incurred on financial liability are recognized as an expense in profit or loss under the caption Finance Costs in the consolidated statement of comprehensive income.


More Definitions of Finance Costs

Finance Costs means, in relation to a Measurement Period, all Interest (whether paid, payable or added to principal) incurred by the Project Company during that period;
Finance Costs means finance costs as presented in the Financial Statements of the Group as determined in accordance with IFRS.
Finance Costs means interest and other costs incurred by an entity in connection with the borrowing of funds.
Finance Costs means any one or more of, as determined by AEF, the ECA Guaranty Fee, the Upfront Fee and interest on the Tranche A Loans, in each case, to the extent capitalized pursuant to Section 2.07(d), as permitted by AEF.
Finance Costs means, in respect of any Testing Date, the number set out under the heading “Interest to financial institutions” (or any equivalent line item) added to the number set out un- der the heading “Financial expenses” (or any equivalent line item), each as set out in the consol- idated financial statements of the Group.
Finance Costs or "Interest Costs" shall include all amounts of interest, fees and charges paid in respect of any debt incurred in carrying out the Petroleum Operations and any refinancing of such debts, providing that in the case of Affiliate debt, it shall include interest only to the extent that it does not exceed a rate which would have been agreed upon between independent parties in similar circumstances and such interest is not limited by which assets or services are purchased by the loan principal.