Operating Lease Payments definition

Operating Lease Payments means all amounts payable under any lease or rental agreement (other than obligations under capital leases) during the period in question (but excluding, in any event, amounts paid in respect of taxes, utilities, insurance, common area maintenance and other like charges associated with the lease and rental of real and personal property).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Operating Lease Payments means, for any period, amounts recorded or required to be recorded as operating lease expenses on consolidated financial statements of the Borrower prepared in accordance with GAAP plus, to the extent not otherwise included therein, payments by the Borrower or any Subsidiary during such period pursuant to Guarantees of operating leases of Franchisees or other Persons.

Operating Lease Payments means, for any Person during any period, all payments required to be made by such Person during such Period in respect of leases by such Person as lessee of Equipment Inventory, excluding any payment under any Capital Lease Obligation as lessee of such Equipment Inventory.

Examples of Operating Lease Payments in a sentence

To the extent payable under the terms ------------------------ of the Base Case Financial Model, ▇▇▇ shall make Operating Lease Payments to SRP consistent with the following: (a) Operating Lease Payments shall be due and payable thirty (30) days after the end of each calendar quarter; (b) an Operating Lease Payment shall not be considered late if paid within fifteen (15) days after it is due; and (c) each late payment will bear interest at the rate of 12% per annum until paid.
The ratio of (A) EBITDAR for any ---------------------------- consecutive four quarter period to (B) the sum of (i) Interest Expense, Operating Lease Payments, all income taxes (but only to the extent actually paid during such period), dividends (but only to the extent actually paid during such period) and (ii) Current Maturities of Hibbett and the Consolidated Entities on a consolidated basis at the end of such period shall not be less than 1.25 to 1.0 at any time.
In determining the numerator of the Fixed Charge Coverage Ratio, (i) EBITDA and Historical Operating Lease Payments shall each be determined as of the last day of each month for the twelve month period ending on such date.
Not permit its ratio of Net Income Available for Debt Service for any four consecutive fiscal quarters to (i) Interest Expense and Operating Lease Payments for such period plus (ii) Principal Maturities for the next succeeding four fiscal quarters following the date of determination plus (iii) 20% of the outstanding Obligations as of the date of determination to be less than 1.3 to 1.0 at any time.
The Companies, on a consolidated basis, shall maintain at all times specified below a ratio of (a) EBITDA plus Historical Operating Lease Payments to (b) Fixed Charges plus Prospective Operating Lease Payments (the "Fixed Charge Coverage Ratio") of not less than (i) .85 to 1.00 for the period beginning March 31, 1998, through and including June 30, 1998, and (ii) 1.00 to 1.00 at all times thereafter.

More Definitions of Operating Lease Payments

Operating Lease Payments means the rent due and payable to Borrower under the Operating Leases, including, without limitation, all Base Rent, Basic Rent and all Percentage Rent but excluding Additional Rent (as each term is defined in the Operating Leases).

Operating Lease Payments other than under leases of real property, make a payment under any hire agreement, credit sale agreement, hire purchase agreement, conditional sale agreement or instalment sale and purchase agreement which is not a Finance Lease if the aggregate of all such payments made by the Group Companies will exceed, in any Financial Year of Newco, pounds sterling 200,000

Operating Lease Payments. For any period, all payments consisting ------------------------ of monthly base rent and percentage of revenue or earnings made by the Borrower and the Subsidiaries, on a consolidated basis, during such period under Operating Leases.

Operating Lease Payments means all rent (including, without limitation, base rent and additional rent) and all other charges due and payable by Operating Lessee to Borrower pursuant to the Operating Lease.

Operating Lease Payments means, for any period, the aggregate payments due during such period on all operating leases of Amtran or any of its Affiliates which individually originally have (or had) aggregate payments paid or payable, from the original commencement of such lease until its expiry, in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00).

Operating Lease Payments. Rent and other payments made pursuant to any lease of (or other agreement conveying the right to use) real and/or personal property other than a Capitalized Lease (an "Operating Lease")

Operating Lease Payments as used in the definition of Net Income Available for Debt Service and in Section 9.3 shall include any and all lease payments due under the Quorum ELLF Lease.