Gross Interest Expense definition

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, as calculated for the Company and its ---------------------- Subsidiaries on a consolidated basis for any period as at any date of determination, cash interest expense for such period (including all commissions, discounts, fees and other charges under letters of credit and similar instruments and under any Swap Contract) classified and accounted for in accordance with GAAP.

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.

• Figure 5 shows the DET curves for E006-E015 on the DEVO dataset obtained by using all the low-level features in a geometric mean based late fusion strategy.

• 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.

• In this Annexure, the terms Total Liabilities, Contingent Liabilities, Total Tangible Assets, Total Current Assets, Total Current Liabilities, Earnings before Interest, Tax and Finance Lease Repayments, Gross Interest Expense plus Finance Lease Repayments and Net Profit after Tax and any other accounting or financial terminology will be interpreted in accordance with the Accounting Standards in respect of the accounts of the Borrower on a consolidated basis.

• Interest Cover Ratio not less than 2.5 times; where Interest Cover Ratio is EBIT / Gross Interest Expense.

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, 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.

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

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:

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, 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.