Pro Forma Interest Expense definition

Pro Forma Interest Expense means, as of the date of calculation, the interest expense calculated to be due and payable on Indebtedness during the succeeding four (4) fiscal quarters period in accordance with the following formula: (A+B)/2 x C, whereby: A = Indebtedness.

Pro Forma Interest Expense means, as of any date of determination, the interest expense that would be payable under the Facility for a twelve (12) month period, assuming: (1) an interest rate equal to the greater of (i) the lesser of (x) the sum of the Base Rate plus the Applicable Margin and (y) the sum of the LIBO Rate plus the Applicable Margin, each as of such date of determination and (ii) 8.0%; and (2) an outstanding principal balance equal to the Aggregate Outstanding Balance as of such date of determination, after giving effect to the requested Borrowing/Letter of Credit.”.

Pro Forma Interest Expense means, on any date of determination with respect to the most recently ended Rolling Period (the "SUBJECT PERIOD"), calculated for the Companies on a consolidated basis, the SUM of the results of the following calculation made separately with respect to each Borrowing and each other loan or other evidence of Debt of any Company (each a "SUBJECT LOAN") for the purposes hereof): {[A + B] /2} x C where:

Examples of Pro Forma Interest Expense in a sentence

• US$1,650,6 70,000 to (ii) Absorbing Company Pro Forma Interest Expense equals or exceeds 2.262:1.000”.

• The following table provides the impact of potential changes of the interest rate on the Term Loan in both dollars and percent change (in millions): Change in Interest Rate Pro Forma Interest Expense % Change Interest expense associated with Eclipsys’ borrowings under its existing credit facility in the amount of $1.2 million for the twelve-months ended May 31, 2010 has been eliminated as this debt is required to be repaid upon completion of the merger.

• Pro Forma Interest Expense March 31, June 30, September 30, December 31, March 31, June 30, September 30, December 31, 2009 2009 2009 2009 2010 2010 2010 2010 Interest: Interest expense on loans 11,353 $ 11,473 $ 12,008 $ 10,435 $ 10,878 $ 10,250 $ 9,829 $ 9,540 $ Loan procurement amortization expense 483 545 489 822 1,430 1,401 1,343 1,338 Total interest expense 11,836 $ 12,018 $ 12,497 $ 11,257 $ 12,308 $ 11,651 $ 11,172 $ 10,878 $ Notes: - All amounts are in thousands and unaudited.

• To maintain a Fixed Charge Coverage Ratio, determined as of the last day of each fiscal quarter, of at least 2.0 to 1.0. "Fixed Charge Coverage Ratio" as of the last day of any fiscal quarter means the ratio of (a) Trailing EBITDA minus Trailing Capital Expenditures, determined as of such last day to (b) the sum on such last day of the Borrower's Pro Forma Interest Expense and the current portion of long-term debt measured as of such last day.

• The Debt Exchanges shall have been consummated or shall be consummated concurrently with the Closing on terms such that, immediately prior to the Closing but assuming the consummation of the transactions contemplated by this Agreement, the ratio of (i) US$1,650,670,000 to (ii) Absorbing Company Pro Forma Interest Expense equals or exceeds 2.38:1.00, or on such other terms as the Parties, acting reasonably, agree.

More Definitions of Pro Forma Interest Expense

Pro Forma Interest Expense means Pro Forma Floor Plan Interest Expense plus pro forma Interest Expense of other permitted Indebtedness of the Borrowers.

Pro Forma Interest Expense for any Four Quarter Period shall mean the Interest Expense payable by the Company and its Restricted Subsidiaries during such Four Quarter Period on all Current Debt and Funded Debt of the Company and its Restricted Subsidiaries on a consolidated basis, PLUS the Interest Expense which would have been payable during such Four Quarter Period in respect of (i) any Current Debt and Funded Debt to be issued on the date of determination of Pro Forma Interest Expense and (ii) the Current Debt or Funded Debt issued after the end of such Four Quarter Period and prior to such date of determination, in each case, giving effect as of the beginning of such Four Quarter Period (y) to the incurrence of all such Current Debt and Funded Debt described in clauses (i) and (ii), and (z) to the application of any such Funded Debt or Current Debt to the substantially concurrent repayment of any other Current Debt or Funded Debt outstanding during such Four Quarter Period. Computations of Pro Forma Interest Expense for Current Debt and Funded Debt having a variable interest rate shall be calculated at the rate in effect on the date of such determination.

Pro Forma Interest Expense means, at any date of determination, on a -------------------------- Rolling Four Quarter Basis, the sum of the following calculated for the Company and its Subsidiaries on a consolidated basis for the four fiscal quarter period ending on the last day of the most recent quarter for which financial reports pursuant to subsections 7.1(a) and (b) and a Compliance Certificate pursuant to subsection 7.2(b) have been delivered:

Pro Forma Interest Expense. “ means, as of any date of determination, the interest expense that would be payable under the Facility for a twelve month period, assuming an interest rate equal to the sum of the LIBO Rate plus the Applicable Margin, each as of such date of determination and an outstanding principal balance equal to the Aggregate Outstanding Balance as of such date of determination, after giving effect to the requested Borrowing/Letter of Credit.

Pro Forma Interest Expense means, for any period for which a -------------------------- determination thereof is to be made, the sum of (a) the amount of all interest which is payable in cash during such period on Total Debt of the Borrower and its Restricted Subsidiaries on a consolidated basis which, without duplication, is scheduled to be paid or will accrue during such period, including, without limitation, in respect of the Loans and Subordinated Debt plus (b) all ---- commitment, line of credit, letter of credit, guarantee and similar fees (no matter how designated) scheduled or required to be paid by the Borrower and its Restricted Subsidiaries to any lender in exchange for such lender's commitment to lend to the Borrower and its Restricted Subsidiaries, including, without limitation, the commitment fee in respect of the Loans and Letters of Credit, which is scheduled or required to be paid by the Borrower and its Restricted Subsidiaries during such period. For purposes of calculating Pro-Forma Interest Expense (i) where any item of interest on any Total Debt varies or depends upon a variable rate of interest, such rate shall be assumed to equal the rate in effect on the date of calculation thereof and (ii) the principal amount outstanding under any revolving or line of credit facility shall be assumed to be the outstanding principal balance thereunder on the last day of the Fiscal Quarter immediately preceding the period in respect of which the calculation of Pro-Forma Interest Expense is being determined as adjusted for any scheduled principal payments during such period.

Pro Forma Interest Expense means, at any date of determination thereof, the Interest Expense (calculated using interest rates in effect on the last day of the most recently ended Fiscal Quarter of the Borrower) of the Borrower and its Restricted Subsidiaries for the four Fiscal Quarters immediately succeeding such date of determination.

Pro Forma Interest Expense means Interest Expense that would have been incurred by WHC or any of its Subsidiaries on Indebtedness incurred in connection with any Acquisition during the applicable period if such Acquisition had been completed and such Indebtedness incurred on the first day of the applicable period. If such Indebtedness has a floating or formula rate of interest, for purposes of this definition, the implied rate of interest for the applicable period shall be determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as of the relevant date of determination.