Common use of Minimum EBITDAR Clause in Contracts

Minimum EBITDAR. The consolidated Borrower shall not permit its EBITDAR to be less than: (i) for the Fiscal Quarter ending June 30, 2013, $1,537,500 measured as of the last day of the trailing three (3) month period; (ii) for the Fiscal Quarter ending September 30, 2013, $3,075,000 measured as of the last day of the trailing six (6) month period; (iii) for the Fiscal Quarter ending December 31, 2013, $4,612,500 measured as of the last day of the trailing nine (9) month period; and (iv) for the Fiscal Quarter ending March 31, 2014, and for each Fiscal Quarter thereafter, $6,150,000 measured as of the last day of the trailing twelve (12) month period; DM3\2429630.8 provided, Administrative Agent acknowledges the minimum 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.