MoneyGram 2009 Annual Report Download - page 158

acquisitions, costs related to the closure, opening and/or consolidation of facilities, retention charges, systems establishment costs, spin-off costs,
transition costs associated with transferring operations offshore and other transition costs, signing, retention and completion bonuses, conversion costs
and excess pension charges and consulting fees incurred in connection with any of the foregoing and amortization of signing bonuses; plus
(H) the amount of loss on sale of receivables and related assets in connection with a Receivables Transaction;
(ii) to the extent deducted or added in computing Consolidated Net Income of such Person for such period, increased or decreased by (without
duplication) any non-cash net loss or gain resulting from currency remeasurements of indebtedness (including any non-cash net loss or gain resulting from
hedge agreements for currency exchange risk); and
(iii) decreased (without duplication) to the extent included in computing Consolidated Net Income of such Person for such period by:
(A) non-cash items increasing Consolidated Net Income of such Person and its Subsidiaries, excluding any items which represent the reversal of any
accrual of, or cash reserve for, anticipated cash charges in any prior period; plus
(B) non-recurring or unusual gains increasing Consolidated Net Income of such Person and its Subsidiaries.
"Consolidated Interest Expense" means with respect to any Person for any period, the sum, without duplication, of:
(i) consolidated interest expense of such Person and its Subsidiaries for such period, to the extent such expense was deducted in computing
Consolidated Net Income for such period (including (A) amortization of deferred financing fees, debt issuance costs, commissions, fees, expenses and
original issue discount resulting from the issuance of indebtedness at less than par, (B) all commissions, discounts and other fees and charges owed with
respect to letters of credit or bankers' acceptances, (C) non-cash interest payments (but excluding any non-cash interest expense attributable to the
movement in the mark-to-market valuation of Rate Management Obligations or other derivative instruments pursuant to Financial Accounting Standards
Board Statement No. 133 — "Accounting for Derivative Instruments and Rate Management Activities"), (D) the interest component of Capitalized Lease
Obligations and (E) net payments, if any, pursuant to interest rate Rate Management Obligations with respect to Indebtedness); plus
(ii) consolidated capitalized interest of such Person and its Subsidiaries for such period, whether paid or accrued.
For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate implicit in such Capitalized Lease
Obligation in accordance 8