Consolidated Rental Expense definition

Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

Consolidated Rental Expense means, for any period of four consecutive Fiscal Quarters, the consolidated rental expense of the Borrower and its Subsidiaries for such period, determined on a Pro Forma Basis.

Consolidated Rental Expense means, for any period, the aggregate rental expense of the Borrower and its Consolidated Subsidiaries determined on a consolidated basis for such period.

Examples of Consolidated Rental Expense in a sentence

• All such policies shall contain provisions to the effect that in the event of payment of any loss or damage the insurers will have not rights of recovery against any of the insured or additional insured thereunder.

• At the end of each Fiscal Quarter ending after the Closing Date, the ratio of (i) the sum of Consolidated EBITDA plus Consolidated Rental Expense to (ii) the sum of Consolidated Interest Expense plus Consolidated Rental Expense, all calculated for the period of four consecutive Fiscal Quarters then ended, will not be less than 2.0 to 1.

• Maintain a ratio of (i) the sum of Consolidated EBITDA plus Consolidated Rental Expense to (ii) the sum of Consolidated Interest Expense and Consolidated Rental Expense as of the end of each fiscal quarter, in respect of the four-quarter period then ended, of not less than 1.50 to 1.00.

• Contemporary conveyors like belts and rollers, with their underlying mechanics, represent a significant part of the overall cost and therefore contribute to the physical footprint of the conveyor.

• For any period, the sum of (a) the Consolidated EBITDA of the Borrowers and their Subsidiaries for such period, plus (b) Consolidated Rental Expense for such period.

More Definitions of Consolidated Rental Expense

Consolidated Rental Expense means, with reference to any period, all payments under Operating Leases to the extent deducted in computing Consolidated Operating Income, net of any related income from subleases, in each case calculated for the Borrower and its Subsidiaries on a consolidated basis for such period.

Consolidated Rental Expense means for any fiscal period of Borrower, total operating lease expense of Borrower and its subsidiaries on a consolidated basis.

Consolidated Rental Expense means, for any applicable period of computation, the sum of all real property rental expense of the Parent Guarantor and its Subsidiaries on a consolidated basis for such period, determined in accordance with GAAP.

Consolidated Rental Expense means, for any period, the aggregate minimum rental expense of the Company and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, in respect of all rental obligations under operating leases.

Consolidated Rental Expense means, for any fiscal period of Lessee, the operating lease expense of the Consolidated Companies determined in accordance with GAAP for leases with an initial term greater than one year, as derived from the notes to Lessee's consolidated financial statements of the Consolidated Companies, determined on a consolidated basis in accordance with GAAP.

Consolidated Rental Expense means for any period, all obligations in respect of fixed, base and contingent rent paid or due by Holdings or any of its Subsidiaries, on a consolidated basis, during such period under any rental agreements or leases of real or personal property (other than Capital Lease Obligations).

Consolidated Rental Expense means, for any period, for Holdings and its Subsidiaries on a consolidated basis, the aggregate amount of fixed and contingent rentals payable by Holdings and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period.