Net Interest Expense definition
Net Interest Expense means, for any period, the total of (a) Interest Expense for such period minus (b) Interest Expense to Affiliates for such period to the extent included in the amount referred to in clause (a) and related to (i) interest payments on debt obligations that are subordinated to the obligations of the Borrower under this Agreement, (ii) interest on Nonrecourse Indebtedness or (iii) Transitional Funding Instrument Interest.
Net Interest Expense means, with respect to any period, the total interest expense of the Company and its Subsidiaries as shown on the consolidated income statement of the Company for such period determined in accordance with U.S. GAAP less the amount of interest income reflected on such income statement.
Net Interest Expense means, for any period and with respect to any Person, Interest Expense minus interest income of such Person for such period.
Examples of Net Interest Expense in a sentence
Maintain, as of the end of each fiscal quarter, a ratio of (i) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters then ended to (ii) Net Interest Expense during such period by the Company and its Consolidated Subsidiaries, of not less than 3.00 to 1.00.
More Definitions of Net Interest Expense
Net Interest Expense means, with respect to any year, the net interest expense of the Company and its consolidated subsidiaries for such year as reviewed by the Company’s independent auditors and released by the Company to the public.
Net Interest Expense means interest expense minus interest income, excluding in either case capitalized interest, but including payments in the nature of interest under capital leases if and to the extent characterized as such in accordance with GAAP.
Net Interest Expense means, for any period, net interest expense for such period for the Company and its Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP).
Net Interest Expense means, for any period, Interest Expense for such period minus interest on Nonrecourse Indebtedness.
Net Interest Expense means, with respect to any applicable period, gross interest expense of the Company and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP, plus any amount of interest capitalization as an asset during the same period less interest income.
Net Interest Expense means, for any period and any Person, the remainder of the following for such Person calculated on a consolidated basis for such period in accordance with GAAP: (a) interest expense, minus (b) interest income.
Net Interest Expense means interest expense incurred for a period of 12 months.