Floor Plan Interest Expense definition
Floor Plan Interest Expense means that component of the Company and its Restricted Subsidiaries’ aggregate Interest Expense, determined on a consolidated basis, attributable to Floor Plan Indebtedness.
Floor Plan Interest Expense means that component of the Borrower’s and its restricted subsidiaries’ aggregate Consolidated Interest Expense attributable to Floor Plan Debt.
Examples of Floor Plan Interest Expense in a sentence
The "Debt to Cash Flow Ratio" shall be determined as of the last day of each fiscal quarter and shall mean the ratio of (a) Funded Indebtedness as of such date less the principal amount outstanding under Floor Plan Financings as of such date to (b) the difference between (i) Pro Forma Consolidated EBITDA for the four consecutive fiscal quarters ended on such date less (ii) Pro Forma Floor Plan Interest Expense for the four consecutive fiscal quarters ended on such date.