Net Cash Interest Expense means for the Borrower and the Restricted Subsidiaries on a consolidated basis for any period, Interest Expense, minus interest earned by the Borrower and the Restricted Subsidiaries on investments as determined in accordance with GAAP.
Net Cash Interest Expense means, with respect to any Person and its Subsidiaries and for any period, Cash Interest Expense of such Person and its Subsidiaries for such period, less the amount of interest income received in cash by such Person and its Subsidiaries for such period.
Net Cash Interest Expense means, for any period, total cash interest expense, net of interest income, of the Borrower and its consolidated Subsidiaries (other than Unrestricted Subsidiaries) for such period (including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptances and net costs under swap agreements in respect of interest rates to the extent such costs are paid in cash during such period), calculated on a consolidated basis.
Examples of Net Cash Interest Expense in a sentence
Net cash interest coverage ratio is defined as Adjusted EBITDA divided by Net Cash Interest Expense.
The Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on the last day of any quarter ending on or after March 30, 2001, to be less than 2.50 to 1.00.
Net Cash Interest Expense means interest expenses paid minus interest income received.
The minimum ratio of Borrower CFADS to Net Cash Interest Expense of the Loan Parties shall be no less than 4.00 to 1.00 for any period of four consecutive fiscal quarters of the Borrower.
Commencing with the fiscal quarter ending June 30, 2015, Parent will not permit, as of the last day of any fiscal quarter, the ratio of Consolidated EBITDAX (for each Rolling Period ending on such date) to Consolidated Net Cash Interest Expense (for each Rolling Period ending on such date) to be less than 2.0 to 1.00.
More Definitions of Net Cash Interest Expense
Net Cash Interest Expense means cash interest expense minus cash interest income.
Net Cash Interest Expense means, for any period, total interest expense (including (a) that portion attributable to Capital Leases in accordance with GAAP, (b) commissions, discounts, and other fees and charges owed with respect to letters of credit, and (c) net costs under Hedge Agreements, including any termination fee or payment thereunder, provided that notwithstanding the treatment of such fees or payments under GAAP, such termination fee or payment shall be amortized on a straight-line basis over the remaining term of the applicable terminated Hedge Agreement) of Parent Guarantors, Borrowers and their Subsidiaries and Joint Ventures (but, in the case of consolidated non-Wholly Owned Subsidiaries and Joint Ventures of Parent Guarantors or Borrowers, only to the extent allocable (based on economic share and not necessarily the percentage ownership) to Parent Guarantors, Borrowers or their Wholly Owned Subsidiaries), but excluding, however, (i) any amount not payable in Cash, (ii) one-time payments, (iii) original issue discount, (iv) fees payable under the Fee Letter and any amounts referred to in Section 2.11(d), (v) fees and expenses paid in connection with (x) any Investment permitted under Section 6.6, (y) Indebtedness incurred under Section 6.1 or (z) issuance of Capital Stock, in each case whether or not consummated, and (vii) any default interest, make-whole or similar payments required to be paid pursuant to the Plan.
Net Cash Interest Expense with respect to the Borrower for any period, the sum of interest in respect of Total Debt paid by the Borrower in cash during such period, MINUS all interest earnings received by the Borrower in cash during such period, in each case determined on a consolidated basis in accordance with GAAP.
Net Cash Interest Expense means for any Test Period, the excess of (A) the sum of, without duplication, cash interest expense in connection with Total Debt, to the extent treated as interest in accordance with GAAP (except as otherwise provided in the definition of Capital Lease Obligations), in each case, of or by each of the Loan Parties on a standalone basis for the most recently completed Test Period over (B) any cash interest income received by the Loan Parties on a standalone basis during such Test Period.
Net Cash Interest Expense means, for any Measurement Period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, (b) all interest paid or payable with respect to discontinued operations and (c) the portion of rent expense under Capitalized Lease Obligations that is treated as interest in accordance with GAAP, in each case, of or by the Parent Guarantor, the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed period; provided, however, that there shall be deducted from Net Cash Interest Expense net interest income for such Measurement Period other than interest income on the Cablevision Notes.
Net Cash Interest Expense means cash Interest Expense less cash interest income.
Net Cash Interest Expense with respect to the Borrower for any period, the sum of interest in respect of Total Debt paid by the Borrower in cash during such period, minus all interest earnings received by the Borrower in cash during such period, in each case determined on a consolidated basis in accordance with GAAP.