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 period in accordance with the following formula: (A+B)/2 x C, whereby: A = Indebtedness.
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
See discussion of the impact of a change in interest rates within Note 3 "Pro Forma Interest Expense" to these unaudited pro forma combined financial statements.
US$1,650,6 70,000 to (ii) Absorbing Company Pro Forma Interest Expense equals or exceeds 2.262:1.000”.
We also estimated separate models for the releases to water, land and underground injection, but our set of economic and demographic characteristics fail to explain releases in these media.26 5.
Pro Forma Interest Expense Interest expense increased $2.7 million from $0.2 million for the six month period ended June 30, 1999 to $2.9 million for the six month period ended July 2, 2000 due to the interest expense related to debt incurred to purchase our Chihuahua facility and to meet increased working capital requirements to fund the growth of our business.
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 Company and its Restricted Subsidiaries during such Four Quarter Period on all Current Debt and Funded Debt of the Company 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 (i) any Current Debt and Funded Debt to be issued on the date of determination of Pro Forma Interest Expense and (ii) 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 (y) to the incurrence of all such Current Debt and Funded Debt described in clauses (i) and (ii), and (z) 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 Interest Expense calculated for the four fiscal quarters following the calculation quarter, giving effect to (a) the Total Funded Debt outstanding and the rates in effect as of the date of determination and (b) the amortization scheduled during such period.
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, 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, as of any date of determination, for the Company and its Subsidiaries on a Consolidated basis, for the period of the next four fiscal quarters immediately following such date of determination, all cash payments of commitment, facility and other fees due on all commitments to lend and interest on the outstanding Indebtedness on such date of determination, in each case after giving effect to all scheduled amortization payments of Indebtedness scheduled by the terms of such Indebtedness to be paid during such period. For purposes of this calculation, interest on any Indebtedness that is based on a floating rate or a rate that is not fixed for such period (after giving effect to all Rate Contracts and interest rate cap transactions) will be assumed to be fixed at the equivalent of a three-month Eurodollar Rate plus the Applicable Amount as of the first day of the period referred to in the preceding sentence.