Gross Interest Expense definition

Gross Interest Expense means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, interest expense for such period (including all commissions, discounts, fees and other charges under letters of credit and similar instruments, but specifically excluding any interest expense relating to TIN Land Financing, LLC and TIN Timber Financing, LLC) classified and accounted for as interest expense in accordance with GAAP.

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Gross Interest Expense means, for any Person for any period, the sum of (a) the total interest expense in respect of all Indebtedness (excluding all Contingent Obligations) of such Person and its Subsidiaries for such period determined on a consolidated basis in conformity with GAAP, plus capitalized interest of such Person and its Subsidiaries, plus (b) such Person's Pro Rata Share of Gross Interest Expense of such Person's Unconsolidated Entities.

Gross Interest Expense means, for any fiscal period, the consolidated interest expense of the Company and its Consolidated Subsidiaries for such period (calculated without deducting or otherwise netting consolidated interest income of the Company and its Consolidated Subsidiaries).

Examples of Gross Interest Expense in a sentence

At the end of each fiscal quarter of the Company, the ratio of (x) Consolidated Earnings Before Interest and Taxes for the four fiscal quarters then ended to (y) Gross Interest Expense for the four fiscal quarters then ended will not be less than 6.50:1.
The Borrower shall maintain at the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on September 30, 1996, a ratio of (a) Adjusted EBITDA to (b) Gross Interest Expense, in each case determined on the basis of the four (4) Fiscal Quarters ending on the date of determination, of not less than 3:1.
The Borrower shall maintain at the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 1997, a ratio of (a) Adjusted EBITDA to (b) Gross Interest Expense, in each case determined on the basis of the four (4) Fiscal Quarters ending on the date of determination, of not less than 2.5:1.
Vitrocrisa and Comercial will not, as of the last day of any fiscal quarter of each of Vitrocrisa and Comercial ending after the date hereof, permit the ratio of Combined Operating Cash Flow to Consolidated Gross Interest Expense (in each case, determined on a combined basis for Vitrocrisa and Comercial) to be less than 2.5:1.0.
Sunstone shall maintain at the end of each Fiscal Quarter commencing with the Fiscal Quarter ending on September 30, 1997, a ratio ("Interest Coverage Ratio") of (a) Adjusted EBITDA to (b) Gross Interest Expense, in each case determined on the basis of the four (4) Fiscal Quarters ending on the date of determination, of not less than 3.0 to 1.0, except as otherwise provided in Section 3.4(a).

More Definitions of Gross Interest Expense

Gross Interest Expense means for any period, the interest expense on indebtedness of the Company and its consolidated subsidiaries minus any interest expense associated with intangible transition debt;

Gross Interest Expense means the interest paid or accrued by a business in a charge year;

Gross Interest Expense means, as calculated for STP, on a consolidated basis (including Pioneer), for any period as at any date of determination, interest expense for such period (including all commissions, discounts, fees and other charges under letters of credit and similar instruments and under any Rate Contract) classified and accounted for in accordance with GAAP.

Gross Interest Expense means the aggregate amount of accrued interest payable by the Borrower in respect of Borrowings plus Finance Charges (whether or not paid or payable).

Gross Interest Expense means, for any Person for any period, with respect to any Indebtedness, the sum of (a) the total interest expense in respect of such Indebtedness of such Person and its Subsidiaries for such period determined on a consolidated basis in conformity with GAAP, plus capitalized interest (excluding interest payable on Non-Recourse Indebtedness used to finance the construction of a Hotel which does not satisfy the conditions of Hotel Construction or Eligible Hotel Construction, which is in balance and for which interest is advanced pursuant to an interest expense reserve) of such Person and its Subsidiaries, plus (b) such Person's Pro Rata Share of Gross Interest Expense of such Person's Unconsolidated Entities.

Gross Interest Expense means, with respect to any Person for any period of determination thereof, all interest expense (whether cash or accrued) of such Person during such period with respect to any Indebtedness of such Person.

Gross Interest Expense means for a period, all interest and amounts in the nature of interest or of similar effect to interest (other than principal payable under this Agreement) paid or payable by the Group including: