Borrower Group EBITDA definition

Borrower Group EBITDA means, for any fiscal period, the EBITDA of Borrower and its Restricted Subsidiaries for that fiscal period.
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Borrower Group EBITDA means, for any fiscal period, (i) the EBITDA of the Borrower Group for that fiscal period, after eliminating EBITDA of the Borrower Group attributable to Unconsolidated Affiliates plus, (ii) without duplication, the aggregate amount of any recurring or ordinary course (A) cash dividends or distributions, (B) interest payments, (C) returns of capital, (D) repayments or other payments, in each case in this clause (ii), that are actually paid in cash (or to the extent converted into cash or Cash Equivalents) (excluding, in each case in this clause (ii), expense reimbursements in connection with cash advances or loans and special dividends or distributions) and received by the Borrower Group from Unconsolidated Affiliates, Unrestricted Subsidiaries or from cost method investments (for the avoidance of doubt, a dividend or cash distribution shall be deemed recurring or ordinary course to the extent such distribution was not intended to be a special dividend or distribution) minus rent incurred under the MGP Master Lease, the Bellagio Lease, the MGP XXXXX XX Master Lease and any Similar Lease (regardless of whether such rent was reflected in Net Income for such period) net of rental revenues received in cash related to rent owed by an Unrestricted Subsidiary to MGP Tenant to the extent such rent was not added back to Borrower Group EBITDA as a cash payment in accordance with this Borrower Group EBITDA definition. For purposes of determining Borrower Group EBITDA for any Test Period that includes any period occurring prior to the Closing Date, Borrower Group EBITDA shall be calculated (i) with respect to any rent expense actually incurred under the MGP Master Lease, the Bellagio Lease, the MGP XXXXX XX Master Lease or any Similar Lease after the Closing Date, giving annualized effect to such rent expense as if such MGP Master Lease, the Bellagio Lease, the MGP XXXXX XX Master Lease or such Similar Lease had been in effect since the beginning of such Test Period and (ii) with respect to any recurring or ordinary course cash dividends or distributions received from MGM Growth Properties Operating Partnership, giving annualized effect to such recurring or ordinary course cash dividends or distributions as if the Transactions had occurred at the beginning of such Test Period and such recurring or ordinary course cash dividends or distributions had been in effect since the beginning of such Test Period, in the case of each of clause (i) and (ii) as determined by the B...
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Borrower Group EBITDA means, for any fiscal period, (i) the EBITDA of the Borrower Group for that fiscal period, after eliminating EBITDA of the Borrower Group attributable to Unconsolidated Affiliates plus, (ii) without duplication, the aggregate amount of any recurring or ordinary course (A) cash dividends or distributions, (B) interest payments, (C) returns of capital, (D) repayments or other payments, in each case in this clause (ii), that are actually paid in cash (or to the extent converted into cash or Cash Equivalents) (excluding, in each case in this clause (ii), expense reimbursements in connection with cash advances or loans and special dividends or distributions) and received by the Borrower Group from Unconsolidated Affiliates, Unrestricted Subsidiaries or from cost method investments (for the avoidance of doubt, a dividend or cash distribution shall be deemed recurring or ordinary course to the extent such distribution was not intended to be a special dividend or distribution) minus rent incurred under the MGP Master Lease, the Bellagio Lease, the MGP BREIT JV Master Lease and any Similar Lease (regardless of whether such rent was reflected in Net Income for such period) net of rental revenues received in cash related to rent owed by an Unrestricted Subsidiary to MGP Tenant to the extent such rent was not added back to Borrower Group EBITDA as a cash payment in accordance with this Borrower Group EBITDA definition. For purposes of determining Borrower Group EBITDA for any Test Period that includes any period occurring prior to the Closing Date, Borrower Group EBITDA shall be calculated (i) with respect to any rent expense actually incurred under the MGP Master Lease, the Bellagio Lease, the MGP BREIT JV Master Lease or any Similar Lease after the Closing Date, giving annualized effect to such rent expense as if such MGP Master Lease, the Bellagio Lease, the MGP BREIT JV Master Lease or such Similar Lease had been in effect since the beginning of such Test Period and (ii) with respect to any recurring or ordinary course cash dividends or distributions received from MGM Growth Properties Operating Partnership, giving annualized effect to such recurring or ordinary course cash dividends or distributions as if the Transactions had occurred at the beginning of such Test Period and such recurring or ordinary course cash dividends or distributions had been in effect since the beginning of such Test Period, in the case of each of clause (i) and (ii) as determined by the B...
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Examples of Borrower Group EBITDA in a sentence

  • Borrower Group EBITDA for the 12 months to 31 December 2021 inclusive of cash dividends from excluded entities of $185.9m (30 June 2021: $137.7m) was $619.7m (30 June 2021: $458.6m).

  • Borrower Group EBITDA for the year ended 30 June 2020 was $310.3m (2019: $368.7m) inclusive of cash dividends received from excluded subsidiaries OES $29.6m (2019: $37.5m) and amounts received from equity accounted investments in the form of cash dividends or return of capital $11.6m (June 19: $0.9m).

  • Borrower Group EBITDA for the year ended 30 June 2023 inclusive of cash dividends from excluded entities of $72.4m (2022: nil) was $578.8m (2022: $463.9m).

  • Borrower Group EBITDA for the 12 months to 31 December 2022 inclusive of cash dividends from excluded entities of $59.4m (30 June 2022: $nil) was $535.7m (30 June 2022: $463.9m).

  • Permit, as of the last day of any fiscal quarter, commencing with the first fiscal quarter ending after the Restated Agreement Date, the ratio of the aggregate Indebtedness of the Borrower and the Guarantors, other than InterCompany Indebtedness and Subordinated Indebtedness outstanding on such day, to Borrower Group EBITDA, for the 4 consecutive fiscal quarters of the Borrower most recently ended to be greater than 2.50:1.00.


More Definitions of Borrower Group EBITDA

Borrower Group EBITDA means, for any fiscal period, the EBITDA of Borrower and its Restricted Subsidiaries for that fiscal period plus, without duplication, the aggregate amount of any cash dividends or other distributions received by Borrower and its Restricted Subsidiaries from Persons other than Restricted Subsidiaries. In determining Borrower Group EBITDA for any period, the results of operations of each Person which is not a Subsidiary of Borrower shall be adjusted to exclude all non-recurring and/or non-cash expenses (other than depreciation and amortization, except with respect to depreciation and amortization related to CityCenter) to the extent deducted in arriving at Net Income for that period.
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Borrower Group EBITDA means, for any fiscal period, (i) the EBITDA of the Borrower Group for that fiscal period, after eliminating EBITDA of the Borrower Group attributable to Unconsolidated Affiliates plus, (ii) without duplication, the aggregate amount of any recurring or ordinary course
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Borrower Group EBITDA means, for any fiscal period, (i) the EBITDA of the Borrower Group for that fiscal period, after eliminating EBITDA of the Borrower Group attributable to Unconsolidated Affiliates plus, (ii) without duplication, the aggregate amount of any recurring or ordinary course cash dividends or other recurring or ordinary course cash distributions received by the Borrower Group from Unconsolidated Affiliates, Unrestricted Subsidiaries or from cost method investments. For purposes of determining Borrower Group EBITDA for any Test Period that includes any period occurring prior to the Closing Date, Borrower Group EBITDA shall be calculated as if the Initial Master Lease had been in effect throughout such period, and the Transactions occurred at the beginning of such fiscal period, in each case, as reasonably determined by the Borrower in good faith.
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Borrower Group EBITDA means the consolidated net income of the Borrower according to US GAAP before taking into account:
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Borrower Group EBITDA means, for any fiscal period, the EBITDA of Borrower and its Restricted Subsidiaries for that fiscal period. In determining Borrower Group EBITDA for any period, the results of operations of each Person which is not a Subsidiary of Borrower shall be adjusted to exclude all non-recurring and/or non-Cash expenses (other than depreciation and amortization, except with respect to depreciation and amortization related to CityCenter) to the extent deducted in arriving at Net Income for that period.
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Borrower Group EBITDA means, for any period, the combined EBITDA of the --------------------- Borrower and the Guarantors for such period (taken as a cumulative whole); provided that there --------
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Borrower Group EBITDA. “In determining Borrower Group EBITDA for any period, the results of operations of each Person which is not a Subsidiary of Borrower shall be adjusted to exclude all non-recurring and/or non-Cash expenses (other than depreciation and amortization, except with respect to depreciation and amortization related to CityCenter) to the extent deducted in arriving at Net Income for that period;” and
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