Adjusted Interest definition

Adjusted Interest. Expense shall mean Interest Expense, excluding interest which is paid in kind or is otherwise not paid or payable in cash.

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Adjusted Interest of each Shareholder of the Agreement or Shareholder of GB means the result, at any moment, of the sum (i) of quotient (expressed in percentage) obtained by dividing the number of Common Shares directly held by this Shareholder of the Agreement by the total number of Common Shares existing until the period under consideration, with

Adjusted Interest means, as of any Current Distribution Date, (I) any interest described in clause (II) of this definition accruing prior to the immediately preceding Distribution Date which remains unpaid and (II) interest at the Stated Interest Rate for the Class C Certificates (A) for the number of days during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding the Current Distribution Date, on the Preferred C Pool Balance on such Current Distribution Date and (B) on the principal amount calculated pursuant to clauses (i), (ii), (iii) and (iv) of the definition of Preferred C Pool Balance for each Series C Equipment Note with respect to which a disposition, distribution, sale or Deemed Disposition Event has occurred since the immediately preceding Distribution Date, for each day during the period, for each such Equipment Note, commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding the date of disposition, distribution, sale or Deemed Disposition Event with respect to such Equipment Note, Aircraft or Collateral, as the case may be.

Examples of Adjusted Interest in a sentence

• For purposes of determining the Interest Rate, the Trustee may assume that a Reset Transaction has not occurred unless the Trustee has received an Officers' Certificate stating that a Reset Transaction has occurred and specifying the Adjusted Interest Rate then in effect.

• For the avoidance of doubt, the Below Investment Grade Adjusted Interest Rate shall not apply unless and until a Below Investment Grade Event has occurred.

• Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.0.

• For purposes of determining the Interest Rate, the Trustee may assume that a Reset Transaction has not occurred unless the Trustee has received an Officers’ Certificate stating that a Reset Transaction has occurred and specifying the Adjusted Interest Rate then in effect.

• Thereafter, to the extent that the Adjusted Interest Rate has changed, the Required Monthly Payment shall change on each Payment Change Date, and shall be set to such amount required to amortize the unpaid principal balance of the Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period.

• Permit the Consolidated Adjusted Interest Coverage Ratio as at the last day of any period of four consecutive Fiscal Quarters to be less than 1.50:1.00.

• The initial Required Monthly Payment shall be the amount required to amortize the unpaid principal balance of this Note in equal monthly installments, including accrued interest at the then applicable Adjusted Interest Rate, over the then Remaining Amortization Period.

• Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers to be less than 1.50:1.00.

• Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.00.

• If the Adjusted Interest Rate is rejected by Borrower (or deemed rejected), the entire unpaid principal balance of this Note, all accrued unpaid interest hereon, and any other amounts payable hereunder or under the other Loan Documents (as hereinafter defined) shall be due and payable in full, without a Prepayment Fee, no later than the Rate Adjustment Date.

More Definitions of Adjusted Interest

Adjusted Interest means, for any fiscal quarter, (i) quarterly debt interest expense plus (ii) the quarterly cost of sale associated with sales of accounts receivable under the Accounts Receivable Securitization Program during that fiscal quarter and (iii) quarterly debt extinguishment expense if not otherwise included in quarterly debt interest expense, each as reported in the Company’s income statement prepared in accordance with GAAP, or the notes thereto, for such fiscal quarter. For the avoidance of doubt, Adjusted Interest shall include the amount of any accrued and unpaid Deferred Interest, whether optionally or mandatorily deferred.

Adjusted Interest means, with respect to any Class of Certificates, as of any Current Distribution Date: (I) any interest described in clause (II) of this definition accrued prior to the immediately preceding Distribution Date which remains unpaid and (II) the sum of (A) interest determined at the Stated Interest Rate for the applicable Class for the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding, the Current Distribution Date, on the Eligible Pool Balance of the applicable Class on such Current Distribution Date and (B) the sum of interest for each Equipment Note of the related series with respect to which, or with respect to the Aircraft with respect to which such Equipment Note was issued, a disposition, distribution, sale or Deemed Disposition Event has occurred since the immediately preceding Distribution Date (but only if no such event has previously occurred with respect to such Equipment Note), determined at the Stated Interest Rate for the Certificates of the applicable Class for each day during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date, the Closing Date) and ending on, but excluding, the date of the earliest of such disposition, distribution, sale or Deemed Disposition Event with respect to such Equipment Note or such Aircraft, as the case may be, on the principal amount of such Equipment Note calculated pursuant to clause (B)(i), (ii), (iii) or (iv), as applicable, of the definition of Eligible Pool Balance.

Adjusted Interest means, for any fiscal quarter, (i) quarterly debt interest expense plus (ii) the quarterly cost of sale associated with sales of accounts receivable under the Accounts Receivable Securitization Program during that fiscal quarter and (iii) quarterly debt extinguishment expense if not otherwise included in quarterly debt interest expense, each as reported in the Company’s income statement prepared in accordance with GAAP, or the notes thereto, for such fiscal quarter. For the avoidance of doubt, Adjusted Interest shall include the amount of any accrued and unpaid interest on the Convertible Debentures.

Adjusted Interest means, with respect to any Additional Certificates, and, as applicable, the Additional Equipment Note of the related series, as of any Current Distribution Date: (I) any interest described in clause (II) of this definition accruing prior to the immediately preceding Distribution Date which remains unpaid and (II) the sum of (A) interest determined at the Stated Interest Rate for the such Additional Certificates for the number of days during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date for such Additional Certificates, the applicable issuance date with respect thereto) and ending on, but excluding the Current Distribution Date, on the Preferred Pool Balance for such Additional Certificates on such Current Distribution Date and (B) (i) for any Aircraft or Spare Engine, or all or substantially all of the Spare Parts Collateral, in any case for which a disposition, distribution or sale (contemplated in clause (B)(i) of the definition of Preferred Pool Balance) has occurred since the immediately preceding Distribution Date (but only if both (x) no such event has previously occurred with respect to such specific Collateral and (y) no sale or Deemed Note Disposition Event has occurred with respect to such Additional Equipment Note on or before the date of such disposition, distribution or sale), interest, determined at the Stated Interest Rate for such Additional Certificates, for each day during the period commencing on, and including, the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date for such Additional Certificates, the applicable issuance date with respect thereto) and ending on, but excluding, the date of disposition, distribution or sale, on the applicable portion of the principal amount of such Additional Equipment Note calculated pursuant to clause (B)(i) of the definition of Preferred Pool Balance with respect to such specific Collateral, and (ii) without duplication of any interest described in clause (i) above, in the event a sale or Deemed Note Disposition Event with respect to such Additional Equipment Note has occurred since the immediately preceding Distribution Date (but only if no such event has previously occurred), interest at the Stated Interest Rate for such Additional Certificates for each day during the period commencing on, and including, the immediately preceding Distri...

Adjusted Interest means the sum of (a) the product of the blended interest rate applicable hereunder to the Loans (which blended interest rate shall be calculated based on the ratio of the Term Loans to the Capital Expenditure Loans then outstanding) multiplied by one-half of the difference between (i) twice the value of the Obligations less (2) Adjusted Principal Payments, plus (b) interest payments that are required to be made by Borrower during the subsequent twelve months on Permitted Indebtedness other than the Obligations.