Pro Forma Interest Charges definition

Pro Forma Interest Charges for any period shall mean, as of the date of any determination thereof, the maximum aggregate amount of Interest Charges which would have become payable by the Company and its Restricted Subsidiaries in such period determined on a pro forma basis giving effect as of the beginning of such period to the incurrence of any Funded Debt thereof (including Capitalized Rentals) and the concurrent retirement of outstanding Funded Debt or Current Debt or termination of any Capitalized Leases thereof.
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Pro Forma Interest Charges means, as of the date of any determination thereof, the sum of Interest Charges with respect to all Funded Debt of the Company and its Restricted Subsidiaries (other than Funded Debt to be retired concurrently with the issuance of the Funded Debt then to be issued) for the twelve full consecutive calendar months immediately following such date of determination, determined on a pro forma basis, including, Interest Charges on all Funded Debt then to be issued; provided, that if Funded Debt of the Company includes Additional Funded Debt of the Company, the Interest Charges for such Additional Funded Debt shall be based upon the rate then payable under the bank credit facility, provided, further that if the unsecured debt of the Company to the Corporation or its subsidiaries exceeds the Company’s unsecured debt under the bank credit facility at the time of reference, the Interest Charges shall be based upon the rate then payable on such unsecured debt to the Corporation or its subsidiaries.
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Pro Forma Interest Charges means, as of the date of any determination thereof, the aggregate amount of Interest Charges which would be payable by the Company on an annualized basis on Debt outstanding on such date after giving effect to the incurrence of any Debt (including Capitalized Leases) on such date and the concurrent retirement of outstanding Debt or termination of any Capitalized Leases. Computations of Interest Charges for Debt having a variable interest rate shall be calculated at the rate in effect on the date of any determination.
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Examples of Pro Forma Interest Charges in a sentence

  • The Company shall at all times cause the Borrowing Base as of any date of determination less the Pro Forma Interest Charges as of such date to equal or exceed the Total Outstandings as of such date (the “Coverage Test”).

  • The Company and its Subsidiaries shall at all times maintain the sum of Unrestricted Cash plus Availability in an amount at least equal to Pro Forma Interest Charges for the six month period immediately succeeding any date of determination (the “Minimum Interest Coverage”).

  • Budget overview for whole duration (3 fiscal years) Part.2 Project team membersPart.3 Project descriptionPart.4 Impact Pathway with indicators at output and outcome level Part.5 Budget plansPart.6 CVsRefer to Annex III for the required attachments.


More Definitions of Pro Forma Interest Charges

Pro Forma Interest Charges means, at any time, the net amount of (i) Interest Charges for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time MINUS (ii) all such Interest Charges in respect of Indebtedness of the Company or any Subsidiary being retired out of the proceeds of any Indebtedness being created, incurred or assumed at such time PLUS (iii) scheduled Interest Charges for the period of 12 full calendar months next succeeding such time in respect of the Indebtedness being created, incurred or assumed at such time. For the purposes of the foregoing clause (iii), Indebtedness that bears interest at a variable rate will be deemed to bear interest during the period in question at a rate equal to the rate in effect at such time.
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Pro Forma Interest Charges means, for any six-month period, the sum of all cash interest scheduled to be paid by the Company in connection with the Note Documents during such period. Pro Forma Interest Charges on the Total Outstandings hereunder shall be calculated based on the effective rate of interest for six-month period immediately succeeding the date of the Borrowing Base Certificate most recently delivered to the Administrative Agent as required by Section 6.02(c) hereof based on the Applicable Margin set forth therein as though such Pro Forma Interest Charges were payable on the first day of such six-month period.
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Pro Forma Interest Charges means, as of the date of any determination thereof, the sum of Interest Charges with respect to all Funded Debt of the Borrower and its Restricted Subsidiaries (other than Funded Debt to be retired concurrently with the issuance of the Funded Debt then to be issued) for the twelve full consecutive calendar months immediately following such date of determination, determined on a pro forma basis, including, Interest Charges on all Funded Debt then to be issued; provided, that if Funded Debt of the Borrower includes Additional Funded Debt of the Borrower, the Interest Charges for such Additional Funded Debt shall be based upon the rate then payable under the bank credit facility; provided further that if the unsecured debt of the Borrower to the Corporation or its subsidiaries exceeds the Borrower’s unsecured debt under the bank credit facility at the time of reference, the Interest Charges shall be based upon the rate then payable on such unsecured debt to the Corporation or its subsidiaries.
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Pro Forma Interest Charges of any Person shall mean, as of -------------------------- any date as of which the amount thereof is to be determined, the sum of (i) all Interest Charges on Funded Indebtedness payable during the twelve (12) month period immediately succeeding the date of any determination hereunder, after giving effect to Interest Charges on Funded Indebtedness proposed to be created on such date and to the concurrent retirement of any other Funded Indebtedness, plus (ii) all Interest Charges on Current Indebtedness for the most recently completed twelve (12) month period, after eliminating the Interest Charges on any such Current Indebtedness which was actually retired during such period or which is actually being retired on such date out of the proceeds of any Funded Indebtedness the Interest Charges on which are included in the amount determined pursuant to clause (i).
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Pro Forma Interest Charges for any period shall mean, as of the date of any determination thereof, the maximum aggregate amount of Interest Charges which would have become payable by the Company and its Restricted Subsidiaries in such period determined on a pro forma basis giving effect as of the beginning of such period to the incurrence of any Funded Debt thereof (including Capitalized Rentals) and the concurrent retirement of outstanding Funded Debt or Current Debt or termination of any Capitalized Leases thereof. "Purchasers" shall have the meaning set forth in section 1.1. "Rentals" shall mean and include as of the date of any determination thereof all fixed payments (including as such all payments which the lessee is obligated to make to the lessor on termination of the lease or surrender of the property) payable by the Company or a Restricted Subsidiary, as lessee or sublessee under a lease of real or personal property, but shall be exclusive of any amounts required to be paid by the Company or a Restricted Subsidiary (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar charges. Fixed rents under any so-called "percentage leases" shall be computed solely on the basis of the minimum rents, if any, required to be paid by the lessee regardless of sales volume or gross revenues. "Reportable Event" shall have the same meaning as in ERISA. "Restricted Subsidiary" shall mean any Subsidiary (i) which is organized under the laws of the United States or any State thereof; (ii) which conducts substantially all of its business and has substantially all of its assets within the United States; (iii) of which at least 80% (by number of votes) of the Voting Stock is beneficially owned, directly or indirectly, by the Company and/or one or more Restricted Subsidiaries; and (iv) which is hereafter designated by the Board of Directors of the Company, or any Director or committee of Directors duly designated by such Board of Directors, to be included in the definition of Restricted Subsidiary for all purposes of this Agreement, provided that, at the time of such designation and after giving effect thereto, no Default or Event of Default shall have occurred hereunder. "SEC" shall mean the Securities and Exchange Commission or any successor agency. "Security" shall have the same meaning as in Section 2(1) of the Securities Act of 1933, as amended. The term "subsidiary" shall mean as to any particular parent corporation any corpora...
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Related to Pro Forma Interest Charges

  • 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.

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

  • 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.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Consolidated Cash Interest Expense means, for any period, the Consolidated Interest Expense excluding any non-cash interest expense of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Interest Expenses means, with respect to any Person for any period, the sum, determined on a consolidated basis in accordance with GAAP, of (a) all interest expenses of such Person during such period (including interest attributable to Capital Leases) plus (b) all fees in respect of outstanding letters of credit paid, accrued or scheduled for payment by such Person during such period.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.