Pro Forma Interest Expense definition
Pro Forma Interest Expense means, as of the date of calculation, the interest expense calculated to be due and payable on Indebtedness during the succeeding four (4) fiscal quarters in accordance with the following formula: (A+B)/2 x C, whereby: A = Indebtedness B = A minus all principal payments scheduled (or scheduled reductions in commitments on lines of credit to the extent such reductions would cause the repayment of principal amounts outstanding under such lines) to be made on Indebtedness during the succeeding 12 months.
Pro Forma Interest Expense means, on any date of determination with respect to the most recently ended Rolling Period (the "SUBJECT PERIOD"), calculated for the Companies on a consolidated basis, the SUM of the results of the following calculation made separately with respect to each Borrowing and each other loan or other evidence of Debt of any Company (each a "SUBJECT LOAN") for the purposes hereof): {[A + B] /2} x C where:
Pro Forma Interest Expense means, as of any date of determination, the interest expense that would be payable under the Facility for a twelve (12) month period, assuming: (1) an interest rate equal to the greater of (i) the lesser of (x) the sum of the Base Rate plus the Applicable Margin and (y) the sum of the LIBO Rate plus the Applicable Margin, each as of such date of determination and (ii) 7.0%; and (2) an outstanding principal balance equal to the Aggregate Outstanding Balance as of such date of determination, after giving effect to the requested Borrowing/Letter of Credit.
Examples of Pro Forma Interest Expense in a sentence
Pro Forma Interest Expense (as used in a Compliance Certificate delivered in connection with a Material Acquisition).
As of the last day of each fiscal quarter of the ---------------- Company, Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters then ending shall exceed 250% of Consolidated Pro Forma Interest Expense for the period of four consecutive fiscal quarters commencing immediately after such date.
To the extent the Company uses any portion of the Net Available Proceeds for any purpose other than to repay Debt which is PARI PASSU to the Securities or to invest in assets related to the business of the Company, or to repurchase the Securities, for purposes of computing Consolidated Interest Expense, the Company will be deemed to have Incurred an interest expense equal to the Pro Forma Interest Expense.
The Debt Exchanges shall have been consummated or shall be consummated concurrently with the Closing on terms such that, immediately prior to the Closing but assuming the consummation of the transactions contemplated by this Agreement, the ratio of (i) US$1,650,670,000 to (ii) Absorbing Company Pro Forma Interest Expense equals or exceeds 2.38:1.00, or on such other terms as the Parties, acting reasonably, agree.
Pro Forma Interest Expense (LINE e multiplied by LINE f) (5) $ h.
More Definitions of Pro Forma Interest Expense
Pro Forma Interest Expense means Pro Forma Floor Plan Interest Expense plus pro forma Interest Expense of other permitted Indebtedness of the Borrowers.
Pro Forma Interest Expense for any Four Quarter Period shall mean the Interest Expense payable by the Lessee and its Restricted Subsidiaries during such Four Quarter Period on all Current Debt and Funded Debt of the Lessee and its Restricted Subsidiaries on a consolidated basis, PLUS the Interest Expense which would have been payable during such Four Quarter Period in respect of (a) any Current Debt and Funded Debt to be issued on the date of determination of Pro Forma Interest Expense and (b) the Current Debt or Funded Debt issued after the end of such Four Quarter Period and prior to such date of determination, in each case, giving effect as of the beginning of such Four Quarter Period (i) to the incurrence of all such Current Debt and Funded Debt described in clauses (a) and (b), and (ii) to the application of any such Funded Debt or Current Debt to the substantially concurrent repayment of any other Current Debt or Funded Debt outstanding during such Four Quarter Period. Computations of Pro Forma Interest Expense for Current Debt and Funded Debt having a variable interest rate shall be calculated at the rate in effect on the date of such determination.
Pro Forma Interest Expense means, at any date of determination, on a -------------------------- Rolling Four Quarter Basis, the sum of the following calculated for the Company and its Subsidiaries on a consolidated basis for the four fiscal quarter period ending on the last day of the most recent quarter for which financial reports pursuant to subsections 7.1(a) and (b) and a Compliance Certificate pursuant to subsection 7.2(b) have been delivered:
Pro Forma Interest Expense. “ means, as of any date of determination, the interest expense that would be payable under the Facility for a twelve month period, assuming an interest rate equal to the sum of the LIBO Rate plus the Applicable Margin, each as of such date of determination and an outstanding principal balance equal to the Aggregate Outstanding Balance as of such date of determination, after giving effect to the requested Borrowing/Letter of Credit.
Pro Forma Interest Expense means, at any date of determination thereof, the Interest Expense (calculated using interest rates in effect on the last day of the most recently ended Fiscal Quarter of the Borrower) of the Borrower and its Restricted Subsidiaries for the four Fiscal Quarters immediately succeeding such date of determination.
Pro Forma Interest Expense means, on any date of determination with respect to the most recently ended Rolling Period (the "SUBJECT PERIOD"), calculated for the Companies on a consolidated basis, the SUM of the results of the following calculation made separately with respect to each Borrowing and each other loan or other evidence of Debt of any Company (each a "SUBJECT LOAN" for the purposes hereof) including, without limitation, the Senior Reserve Notes to the extent Borrower makes or anticipates making loans, advances, investments, or Distributions to Parent to service regularly-scheduled cash interest payments on such Senior Reserve Notes: {[A + B] /2} x C where:
Pro Forma Interest Expense means Interest Expense that would have been incurred by WHC or any of its Subsidiaries on Indebtedness incurred in connection with any Acquisition during the applicable period if such Acquisition had been completed and such Indebtedness incurred on the first day of the applicable period. If such Indebtedness has a floating or formula rate of interest, for purposes of this definition, the implied rate of interest for the applicable period shall be determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as of the relevant date of determination.