Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).
Annualized Interest Expense means, for any quarter, the Interest Expense for that quarter multiplied by four (4).
Annualized Interest Expense means, at any date of determination, Interest Expense for the two fiscal quarter periods then most recently ended times two (2).
Examples of Annualized Interest Expense in a sentence
For the four consecutive quarters ending on each Reporting Date, the ratio of Annualized EBITDA (as defined below) to Annualized Interest Expense (as defined below) shall be at least 1.50 to 1.00.
The notes were issued under an indenture, dated as of December 13, 2002, by and between Boston Properties Limited Partnership and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented, which, among other things, requires us to comply with the following limitations on incurrence of debt: Limitation on Outstanding Debt; Limitation on Secured Debt; Ratio of Annualized Consolidated EBITDA to Annualized Interest Expense; and Maintenance of Unencumbered Assets.
Annualized Interest Expense $ 239,125,25413 CenterPoint Energy, Inc.
It is therefore proposed that there will be a register of ATAs operating within the GLA‟s regulated sector that do not require a licence.
This section applies to policies effected either before or after the commencement of this Act, but only to money received after that commencement.
More Definitions of Annualized Interest Expense
Annualized Interest Expense means, for any quarter, the Interest Expense for that quarter multiplied by four, provided that any nonrecurring item, as determined by the Company in good faith, that is included in Interest Expense will be removed from such Interest Expense before such multiplication.
Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Guarantor’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).
Annualized Interest Expense means (i) as of March 31, 1997, Interest Expense for the fiscal quarter ending on such date, multiplied by four (4), and (ii) as of June 30, 1997 and as of the last day of any fiscal quarter thereafter, Interest Expense for the two (2) consecutive fiscal quarters ending on such date, multiplied by two (2).
Annualized Interest Expense means, for the purposes of calculating the financial ratio set forth in Section 9.01(c) for any Rolling Period ending on or prior to [March 31, 2018], 1 NTD: To be the first full fiscal quarter following the Effective Date. Consolidated Interest Expense for such Rolling Period multiplied by the factor for such Rolling Period set forth in the grid below: Rolling Period Ending Factor [September 30 2017] 4 [December 31, 2017] 2 [March 31, 2018] 4/3
Annualized Interest Expense the Consolidated Interest Expense for such fiscal quarter multiplied by four.
Annualized Interest Expense means, with reference to any period, Interest Expense for such period; provided, however, that:
Annualized Interest Expense means, (a) the sum (without duplication), in each case determined with respect to the month most recently ended prior to such date of the total interest expense (including that portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of (i) Borrower and (ii) to the extent Allocable to Borrower, each other Group Member, in each case, paid or accrued in accordance with GAAP during such period with respect to Total Indebtedness, in each case, including all commissions, discounts and other fees and charges owed with respect to letters of credit and net costs under Interest Rate Agreements, divided by (b) the number of days in such month and multiplied by 365 (or 366, if applicable).