Adjusted EBITDAaL definition
Adjusted EBITDAaL means adjusted EBITDA to deduct current period cash rent paid or payable related to lease obligations net of quantified savings negotiated with landlords as a result of the COVID-19 closures, including savings negotiated after the period end. This includes agreements with landlords that are evidenced by way of written confirmation of the terms agreed upon to the date of approval of the Annual MD&A, and are in the process of being formally documented.
Adjusted EBITDAaL means, in respect of any period, EBITDAaL adjusted by: