Document ID: 15364

Text:
Consolidated Interest Expense means, for any period, determined on a Consolidated basis, without duplication, for Turning Point and its Subsidiaries in accordance with GAAP, interest expense (including interest expense attributable to Capitalized Lease Obligations and all net payment obligations pursuant to Hedge Agreements), premium payments, debt discounts, fees, charges and related expenses with respect to any and all Indebtedness of Turning Point and its Subsidiaries for such period; provided that, notwithstanding the foregoing, Consolidated Interest Expense (i) for the four fiscal quarters ended March 31, 2017 shall be deemed to be Consolidated Interest Expense for the two consecutive fiscal months ended March 31, 2017 multiplied by six (6), (ii) for the four fiscal quarters ended June 30, 2017 shall be deemed to be Consolidated Interest Expense for the five consecutive fiscal months ended June 30, 2017 multiplied by twelve-fifths ( 12/5 ) (iii) for the four fiscal quarters ended September 30, 2017 shall be deemed to be Consolidated Interest Expense for the eight consecutive fiscal months ended September 30, 2017 multiplied by threehalves ( 3/2 ) and (iv) for the four fiscal quarters ended December 31, 2017 shall be deemed to be Consolidated Interest Expense for the eleven consecutive fiscal months ended December 31, 2017 multiplied by twelve-elevenths ( 12/11 ) ; provided, further, that all interest, premium payments, debt discounts, fees, charges and related expenses paid in connection with the Refinancing, including any Transaction Costs in connection therewith, shall be excluded from the calculation of Consolidated Interest Expense.

Named Entities:
47
48
Title
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167
Ratio
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Ratio
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Ratio

Tokenized Text:
Consolidated
Interest
Expense
means
,
for
any
period
,
determined
on
a
Consolidated
basis
,
without
duplication
,
for
Turning
Point
and
its
Subsidiaries
in
accordance
with
GAAP
,
interest
expense
(
including
interest
expense
attributable
to
Capitalized
Lease
Obligations
and
all
net
payment
obligations
pursuant
to
Hedge
Agreements
)
,
premium
payments
,
debt
discounts
,
fees
,
charges
and
related
expenses
with
respect
to
any
and
all
Indebtedness
of
Turning
Point
and
its
Subsidiaries
for
such
period
;
provided
that
,
notwithstanding
the
foregoing
,
Consolidated
Interest
Expense
(
i
)
for
the
four
fiscal
quarters
ended
March
31
,
2017
shall
be
deemed
to
be
Consolidated
Interest
Expense
for
the
two
consecutive
fiscal
months
ended
March
31
,
2017
multiplied
by
six
(
6
)
,
(
ii
)
for
the
four
fiscal
quarters
ended
June
30
,
2017
shall
be
deemed
to
be
Consolidated
Interest
Expense
for
the
five
consecutive
fiscal
months
ended
June
30
,
2017
multiplied
by
twelve-fifths
(
12
/
5
)
(
iii
)
for
the
four
fiscal
quarters
ended
September
30
,
2017
shall
be
deemed
to
be
Consolidated
Interest
Expense
for
the
eight
consecutive
fiscal
months
ended
September
30
,
2017
multiplied
by
threehalves
(
3
/
2
)
and
(
iv
)
for
the
four
fiscal
quarters
ended
December
31
,
2017
shall
be
deemed
to
be
Consolidated
Interest
Expense
for
the
eleven
consecutive
fiscal
months
ended
December
31
,
2017
multiplied
by
twelve-elevenths
(
12
/
11
)
;
provided
,
further
,
that
all
interest
,
premium
payments
,
debt
discounts
,
fees
,
charges
and
related
expenses
paid
in
connection
with
the
Refinancing
,
including
any
Transaction
Costs
in
connection
therewith
,
shall
be
excluded
from
the
calculation
of
Consolidated
Interest
Expense
.