FAC Interest Charges definition
FAC Interest Charges means, with respect to any period, the sum (without duplication) of the following: (a) all interest in respect of Debt of First Albany Corporation (including imputed interest on Capital Lease Obligations) deducted in determining FAC Net Income for such period, and (b) all debt discount and expense amortized or required to be amortized in the determination of FAC Net Income for such period.