Net Interest Payable definition

Net Interest Payable means Interest Payable less Interest Receivable.

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Net Interest Payable means for any twelve (12) month period ending on the last day of the period covered by the financial statements as of the most recent Quarter Date, calculated in accordance with the Accounting Principles, the aggregate of all financial expenses for the Group (excluding interest on Notes held by the Issuer or any non-cash interest on Shareholder Debt):

Net Interest Payable means, in relation to any Relevant Period, the aggregate amount of interest and any other finance charges accrued by the Group in that Relevant Period in respect of Borrowings including:

Examples of Net Interest Payable in a sentence

The Company undertakes that on each Calculation Date the ratio of EBITDAX of the Group to the Net Interest Payable of the Group for the Measurement Period shall be greater than or equal to 2.25 : 1.00.
For the purposes of calculating the Consolidated Total Net Interest Payable, the Consolidated Total Net Interest Payable in respect of the period from 1 January 2006 to 30 September 2006 shall be deemed annualised by multiplying the Consolidated Total Net Interest Payable for the 9 month period to 30 September 2006 by 4/3.
The Company must ensure that the ratio of Consolidated EBITDA to Consolidated Net Interest Payable is, at the end of each Measurement Period, greater than 4 to 1.
The Company must ensure that on each Testing Date the ratio of Consolidated EBITA to Consolidated Net Interest Payable for the Measurement Period ending on that Testing Date is not less than 3:1.
The Company undertakes that on each Calculation Date the ratio of EBITDAX of the Group to the Net Interest Payable of the Group for the Measurement Period shall be greater than or equal to 2.25:1.00.

More Definitions of Net Interest Payable

Net Interest Payable means, in respect of any financial period, Interest Payable during that period less Interest Receivable during that period.

Net Interest Payable means, in respect of any relevant period, interest payable during that relevant period less interest receivable during that relevant period.

Net Interest Payable means, in relation to the Group for any Measurement Period, Total Interest Payable less Total Interest Receivable for the Group during that Measurement Period.

Net Interest Payable means, in relation to the KEL Group for any Measurement Period, Total Interest Payable less Total Interest Receivable for the KEL Group during that Measurement Period.

Net Interest Payable has the meaning given to it in Clause 21 (Financial covenants).

Net Interest Payable means, in relation to the Group for any Measurement Period, Total Interest Payable less Total Interest Receivable for the

Net Interest Payable means, in relation to the Group for any Calculation Period, Total Interest Payable less Total Interest Receivable for the Group during that Calculation Period;