Examples of Adjusted Property in a sentence
Any negative adjustment made to the Carrying Value of an Adjusted Property as a result of either a Book-Down Event or a Book-Up Event shall first be deemed to offset or decrease that portion of the Carrying Value of such Adjusted Property that is attributable to any prior positive adjustments made thereto pursuant to a Book-Up Event or Book-Down Event.
Management uses Adjusted EBITDA and Adjusted Property EBITDA as measures of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors.
Adjusted EBITDA and Adjusted Property EBITDA are presented exclusively as supplemental disclosures because management believes they are widely used to measure the performance, and as a basis for valuation, of gaming companies.
Adjusted Property EBITDA is used by management as the primary measure of Melco Resorts’ operating performance and to compare our operating performance with that of our competitors.
Bill Ross will also present a report on the Landscape Improvement Project; the garbage shed issue and seeks the owner’s thoughts on the next possible phases of the landscaping project.Further to Lot Six matters, the planned wharf replacement project was delayed due to lack of support.