EBITDA Interest Expense definition

EBITDA Interest Expense means, for any Measurement Period, the gross interest expense (determined in accordance with GAAP) of TWC and its Consolidated Subsidiaries accrued for such period, including that attributable to the capitalized amount of obligations owing under Capital Leases, all debt discount and debt issuance costs and commissions amortized in such period and all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing and other fees and charges associated with debt of TWC and its Consolidated Subsidiaries, but excluding such interest expense, debt discount, commission, discounts and other fees and charges to the extent attributable to Reclassified Tolling Arrangements or Non-Recourse Debt.
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EBITDA Interest Expense means, for any Measurement Period, the gross interest expense (determined in accordance with GAAP and without duplication) of TWC and its Consolidated Subsidiaries accrued for such period, including that attributable to the capitalized amount of obligations owing under Capital Leases, all debt discount and debt issuance costs and commissions amortized in such period and all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and other fees and charges associated with debt of TWC and its Consolidated Subsidiaries, but excluding such interest expense, debt discount, commission, discounts and other fees and charges to the extent attributable to Debt of MLP and its Subsidiaries that is not incurred under this Agreement, Reclassified Tolling Arrangements or Non-Recourse Debt.
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EBITDA Interest Expense. Guaranties”, “Interest Expense”, “Pipeline Borrower”, “Trading Book”, “Trading Book Termination Date” and “TWC Guaranty”, set forth in Section 1.1 of the Credit Agreement are hereby deleted in their entirety.
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Examples of EBITDA Interest Expense in a sentence

  • Definitions of the following terms, which incorporate the terms “Subsidiary” or “Subsidiaries,” would be modified to replace such terms with “Restricted Subsidiary” or “Restricted Subsidiaries”, as applicable: Asset Sale, Cash Equivalents, Collateral, EBITDA, Interest Expense, Leverage Ratio, Loan Parties, Net Income, Permitted Asset Swap, Related Business Assets, Sale and Lease-Back Transaction, Secured Indebtedness, Similar Business.

  • Notwithstanding anything to the contrary contained herein, all financial covenants applicable to Borrower and the REIT hereunder shall be calculated based upon the EBITDA, Interest Expense, Scheduled Amortization, Net Worth, Total Indebtedness, Gross Asset Value, and other accounting items of the REIT, before any adjustment for the minority interest attributable to the holders of limited partner interests in Borrower.

  • Borrowings, Cash and Deposits, EBIT, EBITA, EBITDA, Interest Expense, Net Borrowings, Total Debt Service and Cashflow shall be calculated and interpreted on a consolidated basis in accordance with the GAAP applicable to the Original Financial Statements of the Company and shall be expressed in sterling.

  • Notwithstanding anything herein to the contrary, the term "Subsidiaries" as used in the definitions of the terms "Consolidated Net Income", "Debt to Earnings Ratio", "EBIT", "EBITDA", "Interest Expense", "Leverage Ratio", "Shareholder's Equity", "Tangible Net Worth" and "Total Funded Debt" shall exclude Unrestricted Subsidiaries.

  • Borrowings, Capital Expenditure, Debt Service, EBITDA, Interest Expense, Paid-up Capital and Tangible Net Worth shall be calculated and interpreted on a consolidated basis in accordance with the GAAP applicable to the Original Financial Statements of the Company and shall be expressed in US$ on the basis of the exchange rates used in the latest consolidated quarterly financial statements of the Company.

  • All references to the financial statements of the Borrower and to its EBITDA, Interest Expense and Total Debt, and other such terms shall be deemed to refer to such items of the Borrower and its Subsidiaries, on a fully consolidated basis.

  • Notwithstanding anything to the contrary contained herein, all financial covenants applicable to the Company and the REIT hereunder shall be calculated based upon the EBITDA, Interest Expense, Scheduled Amortization, Net Worth, Total Indebtedness, Gross Asset Value, and other accounting items of the REIT, before any adjustment for the minority interest attributable to the holders of limited partner interests in the Company.

  • Consolidated Net Debt, Consolidated Debt Service, EBITDA, Interest Expense and income tax shall be calculated and interpreted on the basis of US GAAP and shall be expressed in US Dollars.

  • The Consolidated EBITDA ratio is defined as Consolidated EBITDA divided by Interest Expense (Consolidated EBITDA Interest Expense).

  • Notwithstanding anything herein to the contrary, the term "Subsidiaries" as used in the definitions of the terms "Consolidated Net Income", "Debt to Earnings Ratio", "EBIT", "EBITDA", "Interest Expense", "Leverage Ratio", "Pricing Leverage Ratio", "Shareholder's Equity", "Tangible Net Worth" and "Total Funded Debt" shall exclude Restricted Subsidiaries.

Related to EBITDA Interest Expense

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Net Interest Expense means, for any period, the total of (a) Interest Expense for such period minus (b) Interest Expense to Affiliates for such period to the extent included in the amount referred to in clause (a) and related to (i) interest payments on debt obligations that are subordinated to the obligations of the Borrower under this Agreement, (ii) interest on Nonrecourse Indebtedness or (iii) Transitional Funding Instrument Interest.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.