Consolidated Rental Expense definition

Consolidated Rental Expense means, for any period, the total rental expense for operating leases of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated Rental Expense shall not be reduced by any rental income.

Consolidated Rental Expense means, with respect to any Person for any period, the aggregate amount of all real property rental expense of such Person and its Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

Consolidated Rental Expense means, for any fiscal period of Borrower, the operating lease expense of the Consolidated Companies determined in accordance with GAAP for leases with an initial term greater than one year, as disclosed in the notes to Borrower's consolidated financial statements of the Consolidated Companies, determined on a consolidated basis in accordance with GAAP.

Examples of Consolidated Rental Expense in a sentence

• Contemporary conveyors like belts and rollers, with their underlying mechanics, represent a significant part of the overall cost and therefore contribute to the physical footprint of the conveyor.

• The Borrower will not, at the end of any fiscal quarter of the Borrower, permit the ratio of (i) Consolidated EBIT plus (without duplication) one third of the Consolidated Rental Expense to (ii) Consolidated Interest Expense plus (without duplication) one third of the Consolidated Rental Expense, in each case for the period of four consecutive fiscal quarters of the Borrower ending on such date, to be less than or equal to 2.0:1.0. Section 5.10 Leverage Ratio.

• This was the first time that Gasunie made use of this new programme.

• In addition, our Applicable Margin on borrowings is determined by our Leverage Ratio.• Our Fixed Charge Coverage Ratio (the ratio of Consolidated EBITDA plus Consolidated Rental Expense to Consolidated Cash Interest Expense plus Consolidated Rental Expense, as defined in the credit facility) was 4.99 to 1 as of January 31, 2015.

• In fact, there is the term 'landowner' which is a fisherman who has a boat but does not go out to sea.

More Definitions of Consolidated Rental Expense

Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

Consolidated Rental Expense means, for any period, the aggregate rental expense (including any contingent or percentage rental expense) of the Borrower and its Subsidiaries on a Consolidated basis for such period (excluding real estate taxes and common area maintenance charges) in respect of all rent obligations under all operating leases for real or personal property minus any rental income of the Borrower and its Subsidiaries on a Consolidated basis for such period, all as determined in conformity with GAAP.

Consolidated Rental Expense means, for any period, cash rental expense under Operating Leases (excluding any Synthetic Lease) of the Consolidated Parties on a consolidated basis for such period, as determined in accordance with GAAP.

Consolidated Rental Expense means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the operating lease expense of the Borrower and its Subsidiaries determined in accordance with GAAP for leases with an initial term greater than one year, as disclosed in the notes to the consolidated financial statements of the Borrower and its Subsidiaries.

Consolidated Rental Expense means, for any period, the aggregate rental expense of the Borrower and its Consolidated Subsidiaries determined on a consolidated basis for such period.

Consolidated Rental Expense means, for any applicable period of computation, the sum of all real property rental expense of the Parent Guarantor and its Subsidiaries on a consolidated basis for such period, determined in accordance with GAAP.

Consolidated Rental Expense means, with reference to any period, all payments under Operating Leases to the extent deducted in computing Consolidated Operating Income, net of any related income from subleases, in each case calculated for the Borrower and its Subsidiaries on a consolidated basis for such period.