Annualized EBITDAR definition

Annualized EBITDAR means, with respect to the Borrower and its Subsidiaries, on a consolidated basis, as of the last day of any fiscal quarter, the product of (a) the sum of (i) EBITDA for the fiscal quarter ending on such date, plus (ii) Lease Expense for the fiscal quarter ending on such date, multiplied by (b) four (4).
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Annualized EBITDAR means with reference to EBITDAR realized by the ▇▇▇▇▇▇ Consolidation, as of the last day of each Fiscal Quarter, (a) EBITDAR for the fiscal period consisting of that Fiscal Quarter and the three (3) immediately preceding Fiscal Quarters, including, in the event an Acquisition has been made by a member or members of the ▇▇▇▇▇▇ Consolidation and such Acquisition has been owned by the ▇▇▇▇▇▇ Consolidation for at least one (1) full Fiscal Quarter but less than four (4) full Fiscal Quarters, (b) such amount as is necessary to reflect the annualization of EBITDAR attributable to the applicable Acquisition using the following calculations:
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Annualized EBITDAR means, as of the last day of:
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Examples of Annualized EBITDAR in a sentence

  • Permit the ratio of Annualized EBITDAR to Debt Service at the end of any fiscal quarter to be less than 1.35 to 1.0.

  • The Borrower will not permit the ratio of Annualized EBITDAR to the sum of (i) Consolidated Interest Expense and (ii) Corporate Rent as of the last day of any fiscal quarter to be less than 2.5 to 1.0.

  • Permit the ratio of Annualized EBITDAR to Debt Service as of the end of any fiscal quarter to be less than 1.5 to 1.0.

  • Permit the ratio of Annualized EBITDAR to Debt Service at the end of any fiscal quarter to be less than 1.2 to 1.0.

  • Murray Its: President Witness: ------------------- Exhibit A For purposes of Article 3 of this Charter, Annualized EBITDAR shall be calculated by adjusting for seasonality factors reflected in fiscal year 6/30/03, as follows: Annualized EBITDAR shall equal the quotient of the year-to-date calculation of EBITDAR divided by 13% for the three month period ended September 30, 30% for the six month period ended December 31 and 63% for the nine month period ended March 31.


More Definitions of Annualized EBITDAR

Annualized EBITDAR means, at any time with respect to the Borrower and its Subsidiaries on a consolidated basis, as of the last day of any fiscal quarter, the product of (i) the sum of (a) Consolidated EBITDA for the two (2) consecutive fiscal quarters ending on such date, plus (b) Corporate Rent for the two consecutive fiscal quarters ending on such date, multiplied by (ii) two (2), provided that prior to the Adjustment Date for the fiscal quarter ending March 31, 1998, Annualized EBITDAR shall mean the product of (i) the sum of (a) Consolidated EBITDA for the fiscal quarter ending December 31, 1997, plus (b) Corporate Rent for such quarter, multiplied by (ii) four (4), provided, further, that prior to the Adjustment Date for the fiscal quarter ending December 31, 1997, Annualized EBITDAR shall mean $7,950,000.
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