LTM EBITDAR definition
LTM EBITDAR means, as of any date of measurement, the earnings before interest, income taxes, depreciation, amortization and aircraft rents of the Company and its Subsidiaries on a consolidated basis for the twelve months ending on such date, determined in accordance with generally accepted accounting principles on a basis consistently applied.
LTM EBITDAR means, in respect of a Test Date, EBITDAR in respect of the 12 month period ending on the Relevant Rental Quarter Date, determined by reference to the monthly property income statements for each Property delivered by the Tenants in accordance with clause 11.1.1 of the Umbrella Agreement.
LTM EBITDAR means, as of any date of determination, Consolidated EBITDAR for the most recently ended Test Period.
Examples of LTM EBITDAR in a sentence
The Parties intend that, upon the consummation of the Transaction, the Combined Company’s net leverage will be no greater than Gol Holding’s net leverage immediately before giving effect to the Transaction (with net debt and LTM EBITDAR determined in accordance with Abra Group’s existing debt arrangements).