Annualized Consolidated Interest Expense as at the last day of any fiscal quarter of the Company the Consolidated Interest Expense for the period of four consecutive fiscal quarters ending on such day.
Annualized Consolidated Interest Expense means, for the purposes of calculating the financial ratio set forth in Section 9.01(a) for any Rolling Period ending on or prior to September 30, 2015, Consolidated Interest Expense for such Rolling Period multiplied by the factor for such Rolling Period set forth in the grid below: Rolling Period Ending Factor June 30, 2015 2 September 30, 2015 4/3
Annualized Consolidated Interest Expense means, as of the applicable Determination Date, Consolidated Interest Expense of the Issuers and the other Obligors for the three calendar months then ended multiplied by four. In making such computation, Consolidated Interest Expense:
Examples of Annualized Consolidated Interest Expense in a sentence
Permit the ratio of (a) Annualized Consolidated Cash Flow as at the end of any fiscal quarter of the Company to (b) Annualized Consolidated Interest Expense as at the end of such fiscal quarter, to be less than 2.0 to 1.
Consolidated Cash Flow to Annualized Consolidated Interest Expense.
Permit the ratio of (a) Annualized Consolidated Cash Flow as at the end of any fiscal quarter of the Company to (b) Annualized Consolidated Interest Expense as at the end 37 of such fiscal quarter, to be less than 2.0 to 1.
The Borrower will not permit, as of the last day of any Rolling Period, the ratio of EBITDA for the Rolling Period ending on such day (or, in the case of the Rolling Period ending on December 31, 2011, Annualized EBITDA) to Consolidated Interest Expense for such period (or in the case of the Rolling Period ending on December 31, 2011, Annualized Consolidated Interest Expense) to be less than 2.5 to 1.0.
More Definitions of Annualized Consolidated Interest Expense
Annualized Consolidated Interest Expense means: (a) with respect to the Rolling Period ending on June 30, 2015, the product of (x) Consolidated Interest Expense for such Rolling Period, multiplied by (y) 12; (b) with respect to the Rolling Period ending on September 30, 2015, the product of (x) Consolidated Interest Expense for such Rolling Period, multiplied by (y) 4; (c) with respect to the Rolling Period ending on December 31, 2015, the product of (x) Consolidated Interest Expense for such Rolling Period, multiplied by (y) 4; (d) with respect to the Rolling Period ending on March 31, 2016, the product of (x) Consolidated Interest Expense for such Rolling Period, multiplied by (y) 2; and (e) with respect to the Rolling Period ending on June 30, 2016, the product of (x) Consolidated Interest Expense for such Rolling Period, multiplied by (y) 4/3.
Annualized Consolidated Interest Expense means, for purposes of calculating the Consolidated Interest Coverage Ratio for each Rolling Period ending on the last day of the Covenant Changeover Quarter and for the next two fiscal quarters ending thereafter, the product of (a) the Borrower’s Consolidated Interest Expense for such Rolling Period multiplied by (b) the applicable Annualization Factor.
Annualized Consolidated Interest Expense means (a) for the period ended on March 31, 2007 composed of four consecutive fiscal quarters, 200% of the sum of (i) 4Q06 Consolidated Interest Expense plus (ii) the Consolidated Interest Expense for the fiscal quarter ended Xxxxx 00, 0000, (x) for the period ended on June 30, 2007 composed of four consecutive fiscal quarters, 133.33% of the sum of (i) 4Q06 Consolidated Interest Expense plus (ii) the Consolidated Interest Expense for the period ended on June 30, 2007 composed of two consecutive fiscal quarters and (c) for the period ended on September 30, 2007 composed of four consecutive fiscal quarters, 100% of the sum of (i) 4Q06 Consolidated Interest Expense plus (ii) Consolidated Interest Expense for the period ended on September 30, 2007 composed of three fiscal quarters.
Annualized Consolidated Interest Expense means Consolidated Interest Expense for the four (4) most recently completed fiscal quarters; provided, that (a) for the fiscal quarter ending September 30, 2015, Annualized Consolidated Interest Expense shall be $13,600,000, (b) for the fiscal quarter ending December 31, 2015, Consolidated Interest Expense shall be calculated for the most recently completed fiscal quarter multiplied by 4, (c) for the fiscal quarter ending March 31, 2016, Consolidated Interest Expense shall be calculated for the most recently completed two fiscal quarters multiplied by 2, and (d) for the fiscal quarter ending June 30, 2016, Consolidated Interest Expense shall be calculated for the then most recently completed three fiscal quarters multiplied by 1.33.
Annualized Consolidated Interest Expense means (a) for the four fiscal quarter period ended on September 30, 2007, Consolidated Interest Expense for the one-fiscal quarter period ending on such date MULTIPLIED BY 4, (b) for the four fiscal quarter period ended on December 31, 2007, Consolidated Interest Expense for the two-fiscal quarter period ending on such date MULTIPLIED BY 2, and (c) for the four fiscal quarter period ended on March 31, 2008, Consolidated Interest Expense for the three-fiscal quarter period ending on such date MULTIPLIED BY 1.333.
Annualized Consolidated Interest Expense on any day means Consolidated Interest Expense for the period of four fiscal quarters of the Borrower ending on such day; provided that (i) Annualized Consolidated Interest Expense on June 30, 2006 shall be the Consolidated Interest Expense for the six months then ending, multiplied by 2.0, and (ii) annualized Consolidated Interest Expense on September 30, 2007 shall be the Consolidated Interest Expense for the nine months then ending, multiplied by 1.33.
Annualized Consolidated Interest Expense means, as of the last day of any fiscal quarter, Consolidated Interest Expense for the fiscal quarter ending on such date, multiplied by four (4). "Applicable Law(s)," when used in the singular, shall mean any applicable federal, state or local law, ordinance, order, regulation, rule or requirement of any governmental or quasi-governmental agency, instrumentality, board, commission, bureau or other authority having jurisdiction, and, when used in the plural, shall mean all such applicable federal, state and local laws, ordinances, orders, regulations, rules and requirements.