Net Interest Expense

Net Interest Expense. Shall mean, for any period, as to any Person and its Subsidiaries, all of the following as determined in accordance with GAAP: (A) total interest expense, whether paid or accrued (including the interest component of Capitalized Lease Obligations for such period), including, without limitation, all bank fees, commissions, discounts and other fees and charges owed with respect to letters of credit, banker's acceptances or similar instruments which, in accordance with GAAP, are required to be... accounted for as interest expense minus (B) any net payments received during such period as interest income received in respect of its investments in cash and cash equivalents. View More