Consolidated Net Cash Interest Expense means, for any period, without duplication, the total consolidated cash interest expense of Holdings and its Consolidated Subsidiaries on a consolidated basis for such period plus, without duplication, that portion of Capitalized Lease Obligations of Holdings and its Consolidated Subsidiaries representing the interest factor for such period, in each case net of the total consolidated cash interest income of Holdings and its Consolidated Subsidiaries for such period, but excluding the amortization of any deferred financing costs.
Consolidated Net Cash Interest Expense means, with respect to the Borrower and its Restricted Subsidiaries on a Consolidated basis for any period, determined in accordance with GAAP, (a) total interest expense paid or payable in cash in such period (including that attributable to obligations with respect to Capitalized Leases in accordance with GAAP in effect on the Effective Date but excluding any imputed interest as a result of purchase accounting) of the Borrower and its Restricted Subsidiaries on a Consolidated basis and all commissions, discounts and other fees and charges owed with respect to Indebtedness of the Borrower and its Restricted Subsidiaries, but excluding (i) any non-cash interest or deferred financing costs, (ii) any amortization or write-down of deferred financing fees, debt issuance costs, discounted liabilities, commissions, fees and expenses, (iii) any expensing of bridge, commitment and other financing fees and (iv) penalties and interest related to taxes minus (b) interest income of the Borrower and its Restricted Subsidiaries actually received in cash during such period. For purposes of the foregoing, interest expense of the Borrower and its Restricted Subsidiaries shall be determined after giving effect to any net payments made or received by such Persons with respect to interest rate Swap Contracts.
Consolidated Net Cash Interest Expense means, for any period, the sum, without duplication, of
Examples of Consolidated Net Cash Interest Expense in a sentence
The Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on the last day of any quarter ending on or after March 30, 2001, to be less than 2.50 to 1.00.
For any testing period ending less than four Fiscal Quarters after the Original Closing Date, “Consolidated Net Cash Interest Expense” shall be annualized for the period from the Original Closing Date to the relevant testing date, by multiplying Consolidated Net Cash Interest Expense by A/ B, where A=365 and B equals the number of days elapsed since (and including) the Original Closing Date.
Commencing with the fiscal quarter ending June 30, 2015, Parent will not permit, as of the last day of any fiscal quarter, the ratio of Consolidated EBITDAX (for each Rolling Period ending on such date) to Consolidated Net Cash Interest Expense (for each Rolling Period ending on such date) to be less than 2.0 to 1.00.
The U.S. Borrower will not permit the ratio of (a) EBITDA to (b) Consolidated Net Cash Interest Expense, in each case for any period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter and determined as of each such Fiscal Quarter end on a Pro Forma Basis, to be less than 2.00 to 1.0.
Consolidated Net Cash Interest Expense Coverage Ratio..........81 SECTION 6.16.
More Definitions of Consolidated Net Cash Interest Expense
Consolidated Net Cash Interest Expense means, for any period, (i) Consolidated Interest Expense for such period, but excluding interest expense not payable in cash, amortization of debt discount and deferred financing costs, minus (ii) consolidated cash interest income for such period.
Consolidated Net Cash Interest Expense means, for any period, without duplication, total cash interest expense (including that attributable to Capitalized Lease Obligations in accordance with GAAP) of Holdings and its Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness of Holdings and its Subsidiaries, including, without limitation, all commissions, discounts and other fees and charges paid with respect to letters of credit and bankers' acceptance financing and net costs under Interest Rate Protection Agreements, but excluding the amortization of any deferred financing costs incurred in connection with this Agreement net of the total consolidated cash interest income of Holdings and its Consolidated Subsidiaries for such period.
Consolidated Net Cash Interest Expense means, for any fiscal year, without duplication, the total consolidated cash interest expense of the Corporation and its Consolidated Subsidiaries on a consolidated basis for such period plus, without duplication, that portion of Capitalized Lease Obligations of the Corporation and its Consolidated Subsidiaries representing the interest factor for such period, in each case net of the total consolidated cash interest income of the Corporation and its Consolidated Subsidiaries for such period, but excluding the amount of amortization or write-off of deferred financing costs, termination costs and debt issuance costs during such period, other non-recurring transaction costs and expenses, including but not limited to interest expenses and swap termination costs to the extent included in such consolidated cash interest expense for such period, and any premium or penalty paid in connection with redeeming or retiring indebtedness prior to the stated maturity thereof pursuant to the agreements governing such Indebtedness to the extent deducted in determining Consolidated Net Income.
Consolidated Net Cash Interest Expense means, for any period (subject to Section 1.05), the excess of (a) Consolidated Cash Interest Expense for such period minus
Consolidated Net Cash Interest Expense means, as to any Person for any period, gross consolidated cash interest expense payable by such Person during such period (including all commissions, discounts, fees and other charges paid in connection with standby letters of credit and similar instruments) in respect of all Indebtedness (including without limitation Subordinated Debt and Seller Debt) for such Person, plus (a) the portion of the upfront costs and expenses for Rate Contracts (to the extent not included in gross consolidated interest expense) of such Person fairly allocated to such Rate Contracts as expenses and payable by such Person during such period, plus (b) fees payable by such Person pursuant to Section 2.10 (to the extent not included in gross consolidated interest expense) during such period, plus (c) the portion of any payments made by such Person in respect of Capital Leases of such Person allocated to interest expense (to the extent not included in gross consolidated interest expense) during such period, less (d) interest income of such Person for such period and Rate Contracts payments received by such Person during such period; less (e) in the case of the Company, fees paid by the Company during such period pursuant to Section 2.10(a); all as determined in accordance with GAAP for such Person and its Subsidiaries.
Consolidated Net Cash Interest Expense means, for any period, without duplication, the total consolidated cash interest expense of the Borrower and its Consolidated Subsidiaries on a consolidated basis for such period plus, without duplication, that portion of Capitalized Lease Obligations of the Borrower and its Consolidated Subsidiaries representing the interest factor for such period, in each case net of the total consolidated cash interest income of Borrower and its Consolidated Subsidiaries for such period, but excluding the amount of amortization or write-off of deferred financing costs, termination costs and debt issuance costs during such period, other non-recurring transaction costs and expenses, including but not limited to interest expenses and swap termination costs and expenses incurred during such period in connection with the Transactions to the extent included in such consolidated cash interest expense for such period, and any premium or penalty paid in connection with redeeming or retiring indebtedness prior to the stated maturity thereof pursuant to the agreements governing such Indebtedness to the extent deducted in determining Consolidated Net Income.
Consolidated Net Cash Interest Expense means for any period Consolidated Interest Expense, less (i) to the extent included in determining Consolidated Interest Expense for such period, (v) any fees paid pursuant to Section 2.11(b), (w) any non-cash interest or other non-cash charges otherwise included in Consolidated Interest Expense for such period, (x) imputed interest expense in respect of Capital Leases, (y) imputed interest expense in respect of Specified Coal Agreement Obligations and (z) any one-time financing fees paid in connection with the Effective Date Transactions, the Restatement Transactions or upon any amendment to the Agreement and (ii) the consolidated cash interest income of the Borrower and the Restricted Subsidiaries for such period received on cash or Cash Equivalents, other than any such cash interest income received in respect of cash or Cash Equivalents pledged or otherwise subject to a Lien in favor of any obligations of the Borrower or any of its Affiliates.