Outback EBITDAR definition
Outback EBITDAR means for any period the sum of: (a) Consolidated Outback Net Income, plus (b) the amount deducted in determining Consolidated Outback Net Income for such period for (i) taxes on income, (ii) Consolidated Outback Interest Expense, (iii) Outback Depreciation and Amortization, and (iv) the sum of all payment obligations (excluding Outback Contingent Rents) under all operating leases and rental agreements, all determined with respect to Outback and the Consolidated Subsidiaries of Outback on a consolidated basis for such period and in accordance with GAAP. In determining Outback EBITDAR for any period, (i) any Consolidated Subsidiary acquired during such period by Outback or any other Consolidated Subsidiary of Outback shall be included on a pro forma, historical basis as if it had been a Consolidated Subsidiary of Outback during such entire period, (ii) any amounts which would be included in a determination of Outback EBITDAR for such period with respect to assets acquired during such period by Outback or any Consolidated Subsidiary of Outback shall be included in the determination of Outback EBITDAR for such period and the amount thereof shall be calculated on a pro forma, historical basis as if such assets had been acquired by Outback or such Consolidated Subsidiary of Outback prior to the first day of such period, (iii) any Consolidated Subsidiary of Outback sold during such period by Outback or any other Consolidated Subsidiary of Outback shall be excluded as if it had not been a Consolidated Subsidiary of Outback at any time during such period, and (iv) any amounts which would be otherwise included in a determination of Outback EBITDAR for such period with respect to assets sold or otherwise disposed of during such period by Outback or any Consolidated Subsidiary of Outback shall be excluded in the determination of Outback EBITDAR for such period and the amount excluded shall be calculated as if such assets had been sold or otherwise disposed of by Outback or such Consolidated Subsidiary of Outback prior to the first day of such period.