Definition of Portfolio Rent Expense


Portfolio Rent Expense means, as of the end of any fiscal quarter, the aggregate amount of "Total Rent" (as defined herein or therein) payable by Tenant under this Lease, by Pool 2 Tenant under the Pool 2 Lease and by "Tenant" (as defined in the Heritage Club Lease) under the Heritage Club Lease, in each case, during the trailing six (6)-month period. (ii)"Fixed Charge Coverage Ratio" shall mean, as of the end of any fiscal quarter of Guarantor, the ratio of (A) "Portfolio EBITDAR" to (B) "Portfolio Fixed Charges" with use of the following defined terms:

Examples of Portfolio Rent Expense in a sentence

Tenant shall not permit the ratio (the "COVERAGE RATIO") of (i) Portfolio EBITDARM to (ii) Portfolio Rent Expense to be less that 1.2:1.0 for any fiscal quarter, commencing with the fiscal quarter ending March 31, 2003.
Tenant shall not permit the ratio (the "COVERAGE RATIO") of (I) Portfolio EBITDARM to (II) Portfolio Rent Expense to be less that 1.2:1.0 for any fiscal quarter.