Other Interest Expense definition

Other Interest Expense for any accounting period shall mean the amount for such accounting period disclosed with the caption “Interest Expense,” or its equivalent, on the Covered Businesses’ combined statement of income (or combined statement of operations, as applicable) prepared in accordance with GAAP, less the aggregate amount of interest expense incurred on the Covered Businesses’ receivable-backed notes payable for such accounting period.
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Other Interest Expense for any accounting period shall mean the amount for such accounting period disclosed with the caption “Interest Expense,” or its equivalent, on Bluegreen Corporation’s consolidated statement of income (or consolidated statement of operations, as applicable) prepared in accordance with GAAP, less the aggregate amount of interest expense incurred on Bluegreen Corporation’s Receivable-Backed Notes Payable for such accounting period.
Sample 1
Other Interest Expense means, for any accounting period, the amount for such accounting period disclosed with the caption “Interest Expense,” or its equivalent, on the Servicer’s consolidated statement of income (or consolidated statement of operations, as applicable) prepared in accordance with GAAP, less the aggregate amount of interest expense incurred on the Servicer’s Receivable-Backed Notes payable for such accounting period.
Sample 1

Examples of Other Interest Expense in a sentence

  • NOTE F: Interest on tax refunds or defi- ciencies shall not be included in these ac- counts but in Account 419, Interest and Divi- dend Income, or Account 431, Other Interest Expense, as appropriate.

  • Interest received on refunds shall be credited to account 419, Interest and Dividend Income, and interest paid on deficiencies shall be charged to account 431, Other Interest Expense.

  • Interest received on refunds shall be credited to account 4405, Interest and Dividend Income, and interest paid on deficiencies shall be charged to account 6035, Other Interest Expense.

  • The portion of AFUDC attributable to borrowed funds is recorded as a reduction of Other Interest Expense, and the AFUDC related to equity funds is recorded as Other Income, Net on the statements of income.

  • Interest received on refunds shall be credited to Account 419, Interest and Dividend In- come, and interest paid on deficiencies shall be charged to Account 431, Other Interest Expense.

  • The counter entries for the carrying charge must be made to an appropriate subaccount of FERC Account 419 (Interest and Dividend Income) or Account 431 (Other Interest Expense) as appropriate.

  • Other Interest Expense During the reporting period, the Group’s other interest expense stood at RMB486 million, a decrease of RMB20 million compared with last year, primarily due to a decrease in the average cost rate of lease liabilities.

  • Other Interest Expense During the reporting period, the Group’s other interest expense stood at RMB226 million, a decrease of RMB17 million year on year, primarily due to a decrease in the average cost rate of lease liabilities.

  • The basis for this allocation shall be the ratio of net investment in utility plant to net investment in nonutility plant.Note A: Taxes assumed by the utility on interest shall be charged to account 431, Other Interest Expense.Note B: Interest on tax refunds or deficiencies shall not be included in these accounts but in account 419, Interest and Dividend Income, or account 431, Other Interest Expense, as appropriate.

  • The professional discussion should also allow the opportunity to demonstrate/evidence KSBs not yet evidenced/fully evidenced in the Project Report.

Related to Other Interest Expense

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Consolidated Net Interest Expense means, for any Person for any period, the remainder of the following for such Person and its Consolidated Subsidiaries for such period: (a) interest expense, minus (b) interest income.

  • Total Interest Expense means, for any period, the sum of (i) the aggregate amount of interest accrued during such period in respect of Indebtedness (including the interest component of rentals in respect of Capital Lease Obligations) of the Company and the Restricted Subsidiaries (determined on a consolidated basis), other than obligations under any Guarantee permitted under subparagraph (x) of Section 7.16, (ii) the aggregate amount of fees accrued in respect of the Letters of Credit hereunder during such period and (iii) the aggregate amount of Commitment Fees accrued hereunder during such period. For purposes of this definition, the amount of interest accrued in respect of Indebtedness for any period (A) shall be increased (to the extent not already treated as interest expense or income, as the case may be) by the excess, if any, of amounts payable by the Company and/or any Restricted Subsidiary arising under any interest rate Swap Contract during such period over amounts receivable by the Company and/or any Restricted Subsidiary thereunder (or reduced by the excess, if any, of such amounts receivable over such amounts payable) and interest on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Company to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP and (B) shall be increased or reduced, as the case may be, by the amount of interest accrued during such period in respect of Indebtedness of the Company or any Restricted Subsidiary in respect of assets acquired or disposed of (including by means of any redesignation of any Subsidiary pursuant to Section 7.08(c)) by the Company or any Restricted Subsidiary on or after the first day of such period, determined on a pro forma basis reasonably satisfactory to the Administrative Agent (it being agreed that it shall be satisfactory to the Administrative Agent that such pro forma calculations may be based upon GAAP as applied in the preparation of the financial statements for the Company, delivered in accordance with Section 7.01 rather than as applied in the financial statements of the Person whose assets were acquired and may include, in the Company’s discretion, a reasonable estimate of savings resulting from any such acquisitions or dispositions, as though the Company or such Restricted Subsidiary acquired or disposed of such assets on the first day of such period.

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.