Pro Forma EBITDAR definition
Pro Forma EBITDAR means, with respect to any Permitted Acquisition, for any applicable period of computation, the sum of (i) net income of the related Acquired Business for such period, but excluding therefrom all extraordinary items of income or loss, plus (ii) the aggregate amount of depreciation and amortization charges to the extent deducted in determining net income of the related Acquired Business for such period, plus (iii) interest expense of the related Acquired Business for such period, plus (iv) the aggregate amount of all income taxes reflected on the statements of income of the Acquired Business for such period, plus (v) rental expense of the related Acquired Business under operating leases of rental equipment and machinery for such period, plus (vi) pro forma expense and cost reductions approved by the Agent. The applicable period of computation shall be for the four (4) completed consecutive fiscal quarters ending prior to the date on which such Permitted Acquisition is consummated.
Pro Forma EBITDAR for the second, third and fourth fiscal quarters of 2009, EBITDA for such period adjusted to exclude the following items (without duplication) of income or expense to the extent that such items are included in the calculation of EBITDA; provided, that in no event shall the total of all adjustments made pursuant to this definition exceed $24,300,000: