Income interest definition
Examples of Income interest in a sentence
Income, interest, increments and realized gains paid upon the Escrow Fund (the "Investment Income") shall be retained in the Escrow Fund until disbursed pursuant to Section 4.
For purposes of this Agreement, "EBITDA" means, for any period, an amount equal to the net income (or loss) for such period, determined in accordance with GAAP, but excluding extraordinary gains or losses for such period ("Net Income") plus (to the extent deducted in determining Net Income) interest expense, provisions for income taxes, depreciation and amortization of intangible assets.
The term "Debt Service Coverage Ratio" shall mean the ratio determined by (i) the sum of Net Income, interest expense, depreciation and amortization expense, compared to (ii) the sum of interest expense and principal payments with respect to the Indebtedness of the applicable Borrower.
The Borrower shall not at any time permit the ratio of (x) the sum of Adjusted Consolidated Net Income, interest expense, depreciation, amortization, income tax expense and operating lease expense to (y) the sum of its interest expense, operating lease expense and current maturities of long-term Indebtedness (other than current maturities of obligations in respect of capital leases) in each case determined and consolidated in accordance with GAAP to be less than 2.00 to 1.
Although SEI Trust can custody the assets within the specified markets, SEI Trust cannot hold local currency within any of the listed markets and all transactions are repatriated back into U.S. Dollars, including Income, interest and maturity proceeds.