Interest Payable means in respect of the relevant Measurement Period ending on any Measurement Date, the aggregate of:

Interest Payable means, in respect of any Relevant Period, all interest payable and similar charges as shown in (or in the notes to) the financial statements of the Group (calculated on a consolidated basis) for the Relevant Period but excluding interest payable on Project Finance Borrowings by companies referred to in paragraph (a) of that definition.

Interest Payable means all interest, acceptance commission and any other continuing, regular or periodic costs and expenses in the nature of interest and amortization of debt discount (whether paid, payable or capitalized), incurred by Parent and its consolidated Subsidiaries in effecting, servicing or maintaining Total Consolidated Debt during a Test Period but excluding exchange differentials; provided, that, with respect to any period during which a Subject Transaction has occurred, for purposes of determining the Interest Cover Ratio, Interest Payable shall be calculated with respect to such period on a pro forma basis using the consolidated financial statements of the Parent and its Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period.

Examples of Interest Payable in a sentence

SCHEDULE A PART I INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Note Issuance Trust 1.
Calculation of Amount of Interest Payable on the Loan..................................................3 Section 4.
The Company must ensure that the ratio of Consolidated EBITDA to Interest Payable is not, on the last day of each Measurement Period, less than 3 to 1.
Accrued Interest Payable The fair value of this financial instrument approximates the book value as the instrument has a short maturity.
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 Interest Payable

Interest Payable means, in respect of any period, the aggregate (calculated on a consolidated basis) of:

Interest Payable has the meaning given to that term in clause 22.1 (Financial definitions).

Interest Payable means, in respect of any period, the aggregate of:

Interest Payable means a credit to the owner account on rates adjusted downwards where the valuation roll was incorrect in terms of the rates category and/or value and/or effective dates. Interest payable will be calculated at a rate of 1% higher than the prime interest rate;

Interest Payable means, in relation to any Measurement Period, all interest payable and similar charges of the Group expressed in Sterling and determined on a consolidated basis in accordance with Applicable Accounting Principles.

Interest Payable means, in relation to any Measurement Period, all interest payable and similar charges of the Group expressed in the Base Currency and determined on a consolidated basis in accordance with Applicable Accounting Principles but excluding interest payable or similar charges of the Group in relation to intra-Group items, loans from Affiliates and shareholder loans to the extent that such intra-Group items, loans from Affiliates and/or shareholder loans are subordinated on the terms set out in a Subordination Deed.

Interest Payable means for the Relevant Period, the aggregate of Interest accrued (whether or not paid or capitalised) in respect of any Borrowings of any member of the Covenant Group during that testing period but: