Common use of Minimum Adjusted EBITDAR Clause in Contracts

Minimum Adjusted EBITDAR. Borrower shall not permit the Adjusted EBITDAR of the Operators (as defined in the Affiliate Term Loan Agreement) and the Affiliate Revolving Borrowers (other than Diversicare Humble, LLC), taken as a whole, to be less than Ten Million Dollars ($10,000,000) for the Fiscal Quarter ending September 30, 2020 and for each Fiscal Quarter thereafter, measured on the last day of the applicable Fiscal Quarter on a trailing twelve (12) month basis; provided, Administrative Agent acknowledges the minimum Adjusted EBITDAR herein will need to be adjusted to a mutually acceptable dollar amount as a result of any HUD Financing in accordance with Section 6.8 of the Affiliate Revolving Loan Agreement.

Minimum Adjusted EBITDAR. Borrower shall not permit the Adjusted EBITDAR of the Operators (as defined in the Affiliate Term Loan Agreementherein) and the Affiliate Revolving Borrowers (QIPP) (other than Diversicare Humble, LLC), taken as a whole, to be less than Ten Million Dollars ($10,000,000) for the Fiscal Quarter ending September 30, 2020 and for each Fiscal Quarter thereafter, measured on the last day of the applicable Fiscal Quarter on a trailing twelve (12) month basis; provided, Administrative Agent acknowledges the minimum Adjusted EBITDAR herein will need to be adjusted to a mutually acceptable dollar amount as a result of any HUD Financing in accordance with Section 6.8 of the Affiliate Revolving Loan Agreement.