Lease Adjusted Leverage definition

Lease Adjusted Leverage means with respect to Lease Guarantor under the Lease (as such term is defined in the Security Instrument), as of any applicable date, the sum of (a) eight (8) times Lease Guarantor ‘s total land and building rent for the twelve (12) month period ending on the date of determination, and (b) the total current balance of Lease Guarantor’s total debt obligations (including any borrowings under short term credit facilities) on such date, divided by EBITDAR.
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Lease Adjusted Leverage means with respect to a Person, as of any applicable date, the sum of (1) eight (8) times such Person’s total land and building rent for the twelve (12) month period ending on the date of determination, and (2) the total current balance of such Person’s total debt obligations (including any borrowings under short term credit facilities) on such date, divided by EBITDAR.
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Lease Adjusted Leverage means with respect to a Person, as of any applicable date, the sum of (A) ten (10) times such Person’s total land and building rent for the twelve (12) month period ending on the date of determination, and (B) the total current balance of such Person’s total debt obligations (including any borrowings under short term credit facilities) on such date, divided by EBITDAR.
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Examples of Lease Adjusted Leverage in a sentence

  • Permit the Consolidated Total Lease Adjusted Leverage Ratio at any time to be greater than 5.75 to 1.00.

  • If in connection with any Material Acquisition, the Company or any Subsidiary acquires associated real estate, eliminating any leases on the real estate being acquired or any leases of a Subsidiary being acquired, then the rent associated with those leases will not be included in the numerator of the Consolidated Total Lease Adjusted Leverage Ratio.

  • Permit the Consolidated Total Lease Adjusted Leverage Ratio, as of the end of any fiscal quarter, to be more than 5.75 to 1.00.

  • Permit the Consolidated Total Lease Adjusted Leverage Ratio at any time to be greater than 5.50 to 1.00.

  • Permit the Consolidated Net Lease Adjusted Leverage Ratio as of the end of any fiscal quarter of Equinix to exceed 6.00 to 1.00.

  • Borrower shall not cause the Lease Adjusted Leverage Ratio of Borrower on a consolidated basis to be greater than the Applicable Ratio, said ratio to be tested on a quarterly basis for the trailing twelve (12) month period.

  • From and after the Fourth Amendment Effective Date, enter into any Lease with respect to any New Operating Unit unless (a) the Consolidated Total Lease Adjusted Leverage Ratio is less than or equal to 5.00:1.00 for the most recently completed Measurement Period prior to the consummation of such Lease or (b) Minimum Liquidity is not less than $10,000,000 at the time of consummation of such Lease.

  • Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any four Fiscal Quarters of the Borrower to be greater than or equal to 4.25:1.00.

  • Permit the Lease Adjusted Leverage Ratio, as of the last day of any Test Period, to exceed (x) if such Test Period ends on or before December 31, 2014, 3.75:1.00 and (y) if such Test Period ends after December 31, 2014, 3.50:1.00.

  • The Borrower shall not have, on the last day of any Fiscal Quarter, a Consolidated Total Lease Adjusted Leverage Ratio greater than 4.25 to 1.00.


More Definitions of Lease Adjusted Leverage

Lease Adjusted Leverage means with respect to a Person, as of any applicable date, the sum of
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Lease Adjusted Leverage means with respect to a Person, as of any applicable date, the sum of (1) eight
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