EBITDARM definition

EBITDARM. As to any particular Leased Property or Leased Properties, or any hospital, nursing center or other facility not covered by this Lease (regardless of the identity of the landlord or tenant of any such other facility) for a particular period, the earnings before interest, taxes, depreciation, amortization, rent and management fees, attributable to such Leased Property or Leased Properties or such other facility, as applicable, for such period, as determined in accordance with the customary methods, procedures and accounting principles from time to time used in the health care industry.

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EBITDARM means, for any Test Period, gross revenues from the Facility without any deduction from such gross revenues for interest, taxes, depreciation, amortization, Rent and any fees payable to any manager of the Facility.

EBITDARM means, for any period of determination, the net income (or loss) of Tenant for such period to the extent derived from the operation of the Facility and the Related Facilities, adjusted to add thereto, to the extent allocable to the Facility and the Related Facilities, without duplication, any amounts deducted in determining such net income (or loss) for (v) interest expense, (w) income tax expense, (x) depreciation and amortization expense, (y) rental expense, and (z) management fee expense, in each case determined in conformity with generally accepted accounting principles, consistently applied.

Examples of EBITDARM in a sentence

Lessor’s aforesaid activities may include, without limitation, performing audits of, or other operational, accounting or financial reviews or reports relating to, the EBITDAR and/or EBITDARM of a particular Facility(ies) for a particular past or future period(s) and the terms and conditions of contracts with Tenant’s Affiliates and Subsidiaries and/or other Persons for the provision of particular goods and services to a particular Facility(ies).
The applicable calculations of EBITDARM shall be based on Tenant’s financials for the calendar quarter most recently ended as of the effective date of such Partial Taking.
In the event of a Complete Taking of any Facility and as of the effective date of such Complete Taking, this Lease shall automatically terminate with respect to such Facility, the Facility shall be removed from this Lease and the then current Base Rent shall be proportionally reduced based on the ratio of the applicable Facility’s EBITDARM to the EBITDARM of all Facilities.
The applicable calculations of EBITDARM shall be based on Tenant’s financials for the calendar quarter most recently ended as of the effective date of such Complete Taking.
If, after Tenant’s compliance with the restoration obligation in the foregoing sentence, such Partial Taking results in a reduced number of licensed beds at such Facility, then the current Base Rent shall be proportionally reduced based on (a) the ratio of the number of licensed beds reduced at such Facility to the total number of licensed beds at such Facility (prior to such Partial Taking) and (b) the ratio of the applicable Facility’s EBITDARM to the EBITDARM of all Facilities.

More Definitions of EBITDARM

EBITDARM means, as of the end of each quarterly reporting period, the income (or deficit) from all operations related to the Facility or the Facility and the Related Facilities, as applicable, during the preceding twelve month period before any deduction for (i) interest charges paid or accrued during the preceding twelve month period (including imputed interest) on any lease (capital or operating) obligations (including this Lease), (ii) income taxes for such period, (iii) any amounts in respect of depreciation or amortization for such period, (iv) the rent due under all leases (capital and operating) including this Lease and the leases for the Related Facilities, as applicable, during the preceding twelve month period and (v) any actual or assumed management fees paid or incurred during the preceding twelve month period.

EBITDARM. For any period, the sum of (a) Net Income of Lessee arising solely from the operation of the Facilities during the period, and (b) the amounts deducted in computing the Net Income of Lessee for the period for (i) depreciation. (ii) amortization, (iii) Base Rent, (iv) interest (including payments in the nature of interest under Capitalized Leases and interest on any Purchase Money Financing), (v) income taxes (or, if greater, income taxes actually paid during the period) and (vi) management fees.

EBITDARM means the Facility's Earnings before Interest, Income Tax, Depreciation, Amortization, Base Rent, Variable Rent, and Management Fees; provided, that for purposes of calculating EBITDARM, the amount of Variable Rent shall be assumed to be one-half percent of the Revenue of the Facility during the Calendar Quarter, without regard to payment of Variable Rent, which shall be on an annual basis as provided in Section 6.2 and Section 6.3.

EBITDARM means, for any Measuring Period, the net income (or loss) of Tenant for such Measuring Period to the extent derived from the operation of the applicable Facility or Facilities, adjusted to add thereto any amounts deducted in determining such net income (or loss) for (v) interest expense, (w) income tax expense, (x) depreciation and amortization expense, (y) rental expense, and (z) management fee expense, in each case determined in conformity with generally accepted accounting principles, consistently applied."

EBITDARM. For any period, NOI, adjusted to add thereto, to the extent allocable to the Premises, without duplication, (i) interest expense; (ii) income tax expense; (iii) depreciation and amortization expense; (iv) rental expense; and (v) management fee expenses, in each case determined in accordance with GAAP, to the extent applicable.

EBITDARM means, for any period of determination, the aggregate net operating income of Tenant for such period to the extent derived from the operation of the Premises as reflected in financial statements prepared in accordance with GAAP, adjusted to add thereto, to the extent allocable to the Premises for the applicable period of determination, without duplication, (1) interest expense, (2) income tax expense, (3) depreciation and amortization expense, (4) Base Rent, and (5) management fee expenses, in each case determined in accordance with GAAP, to the extent applicable.

EBITDARM. With respect to any Facility for any period, the earnings from such Facility for such period, before interest, taxes, depreciation, amortization, rents (including Minimum Rent and Additional Rent under this Lease), non-operating income and management fees for such period, each as determined on the basis of GAAP.