Revised Annual EBITDA Sample Clauses

Revised Annual EBITDA. The following is inserted to Section 1.1 in alphabetical order: “‘Revised Annual EBITDA’ means, for any period, Annual EBITDA for such period, minus (a) interest income, and (b) a management fee reserve in an amount equal to 3% of consolidated total revenue (after deduction of interest income of Borrower and its subsidiaries for such period), plus (i) general and administrative expenses for such period to the extent included in Annual EBITDA and (ii) actual management fees relating to Real Property for such period.”