Consolidated Joint Venture definition

Consolidated Joint Venture means a corporation, partnership, limited liability company or other business entity selected by the Parent Guarantor in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by the Parent Guarantor and (y) that is consolidated with the Parent Guarantor and its Subsidiaries in accordance with GAAP in an amount not to exceed the greater of (x) $45.0 million and (y) 5.0% of Consolidated EBITDA.

Consolidated Joint Venture of the Company means a corporation, partnership, limited liability company or other business entity selected by the Company in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by the Company, and (y) that is consolidated with the Company and its Subsidiaries in accordance with GAAP.

Consolidated Joint Venture means, as of any date of determination, a Joint Venture that is consolidated in the consolidated financial statements of Borrower and its Subsidiaries as of such date.

Examples of Consolidated Joint Venture in a sentence

• We calculate consolidated Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin by dividing consolidated Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture by GAAP consolidated Total Revenue.

• We make additional adjustments to EBITDAre when evaluating our performance because we believe that presenting Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture provides useful information to investors regarding our operating performance and debt leverage metrics.

• Wholly-Owned and Consolidated Joint Venture Redevelopments and Expansions: The Company is currently expanding/redeveloping a wholly-owned shopping center in Miami (Plantation), Florida, at a projected aggregate net cost of approximately $48.1 million.

• The books of account and other financial records of each Centerre Company and each Consolidated Joint Venture, all of which have been made available to Parent, are correct and complete in all material respects and have been maintained in accordance with commercially reasonable business and accounting practices.

• We then exclude noncontrolling interests in consolidated joint ventures to calculate Adjusted EBITDA re, Excluding Noncontrolling Interest in Consolidated Joint Venture.We use EBITDAre, Adjusted EBITDAre and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture to evaluate our operating performance.

More Definitions of Consolidated Joint Venture

Consolidated Joint Venture means a Joint Venture in existence on the Issue Date which becomes a Subsidiary because of a change in GAAP relating to consolidation.

Consolidated Joint Venture means, as of any date of determination, any Designated Joint Venture in which any Restricted Party holds an interest which is required under GAAP to be consolidated with the Restricted Parties.

Consolidated Joint Venture means any Consolidated Subsidiary that is (a) not a Wholly Owned Subsidiary and (b) engaged in Krispy Kreme franchisee or doughnut and bakery store operations. On the date hereof Freedom Rings, LLC; New England Dough LLC; KremeKo Inc. and Glazed Investments, LLC constitute all of the Consolidated Joint Ventures.

Consolidated Joint Venture means a corporation, partnership, limited liability company or other business entity selected by the Borrower Representative in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by US Borrower, and (y) that is consolidated with the US Borrower and its Subsidiaries in accordance with GAAP in an amount not to exceed the greater of (x) $30,000,000 and (y) 5.0% of Consolidated EBITDA.

Consolidated Joint Venture of Borrower means a corporation, partnership, limited liability company or other business entity selected by Borrower in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by Borrower, and (y) that is consolidated with Borrower and its Subsidiaries in accordance with GAAP.

Consolidated Joint Venture any Consolidated Subsidiary that is (a) not a Wholly-Owned Subsidiary, and (b) is engaged in Krispy Kreme franchisee or doughnut and bakery store operations.

Consolidated Joint Venture means a corporation, partnership, limited liability company or other business entity selected by the Borrower Representative in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by MVWC, and (y) that is consolidated with MVWC and its Subsidiaries in accordance with GAAP in an amount not to exceed the greater of (x) $37,500,000 and (y) 5.0% of Consolidated EBITDA.