EBITDA Contributions Sample Clauses

EBITDA Contributions. Until the Acquisition of an asset as provided above is approved or deemed approved as provided above, the revenues and expenses of such asset shall not be included in determining whether or not any of the covenants set forth in Section 7 have been satisfied and until the Mortgage or other applicable security document has been received and all items referenced in clauses (g) and (j) of the definition of "Property Information and Deliveries" have been delivered to the extent applicable (and approved to the extent required) the revenues and expenses of such asset shall not be included in determining whether or not any of the covenants set forth in Section 7.1(d) has been satisfied. Additionally, if at the time of determination of whether any covenant contained in Section 7 had been satisfied (i) the Borrower or any of its Subsidiaries is in default beyond any applicable cure periods under any Management Agreement, the portion of Adjusted Consolidated EBITDA contributed by any such Management Agreement shall be excluded and (ii) the borrower or obligor under any Pledged Note is in default beyond any applicable cure periods in its payment obligations under such Pledged Note, the portion of Adjusted Consolidated EBITDA contributed by any such Pledged Note shall be excluded.