EBITDAR Margin definition
EBITDAR Margin means, with respect to each company in the Industry Group and each Performance Period, the cumulative EBITDAR for such company for such Performance Period divided by such company's cumulative revenues (determined on a consolidated basis based on the regularly prepared and publicly available statements of operations of such company prepared in accordance with GAAP) over such Performance Period. If the fiscal year of a company in the Industry Group is not the calendar year, then such company's EBITDAR Margin for a Performance Period shall be determined based upon the fiscal quarters of such company that coincide with the fiscal quarters contained in such Performance Period. Further, if a company in the Industry Group provides publicly available statements of operations with respect to its airline business that are separate from the statements of operations provided with respect to its other businesses, then such company's EBITDAR Margin shall be determined based solely upon the separately provided statements of operations pertaining to its airline business.
EBITDAR Margin means, with respect to the Company and each LTIP Performance Period, the cumulative EBITDAR for the Company for such Performance Period divided by the Company’s cumulative revenues (determined on a consolidated basis based on the regularly prepared and publicly available statements of operations of the Company prepared in accordance with applicable accounting rules) over such Performance Period; provided, however, that, such cumulative revenues shall be adjusted to exclude any item determined to be special, extraordinary or unusual in nature or infrequent in occurrence as determined by the Committee in accordance with applicable accounting rules.
EBITDAR Margin. ’ means EBITDA before rent expense divided by turnover;
More Definitions of EBITDAR Margin
EBITDAR Margin means (i) as of any Date of Determination, the fraction (expressed as a percentage), the numerator of which is EBITDAR of Lessee for the period of three consecutive calendar months most recently ended on such Date of Determination, and the denominator of which is Lessee’s Passenger Revenue for such period, in each case as determined by reference to the information provided to the Beneficiaries in accordance with Section 2.2 and (ii) as of any Date of Reconciliation, the fraction (expressed as a percentage), the numerator of which is EBITDAR of Lessee for the period of three consecutive calendar months most recently ended on such Date of Reconciliation, and the denominator of which is Lessee’s Passenger Revenue for such period, in each case as determined by reference to the information provided to the Beneficiaries in accordance with Section 2.3.