Rental Obligations means the maximum fixed rentals paid or payable by a lessee under any Operating Lease during a specified period, excluding amounts paid or payable on account of maintenance, utilities, ordinary repairs, insurance, taxes, assessments and other similar charges, whether or not designated as rental or additional rental.
Rental Obligations means for any period, the total amount (whether or not designated as rentals or additional or supplemental rentals) payable by the Borrower or any Subsidiary under any Operating Lease during such period (in each case exclusive of amounts so payable on account of maintenance, repairs, insurance, taxes, assessments and other similar charges); if and to the extent that the amount of any Rental Obligation during any future period is not definitely determinable under the Operating Lease in question, the amount of such Rental Obligation shall be estimated in such reasonable manner as the Board of Directors in good faith may determine.
Rental Obligations means all present or future obligations of the Parent Guarantor or any of its Restricted Subsidiaries under any rental agreements or leases of real or personal property, other than (a) obligations that can be terminated by the giving of notice without liability to the Parent Guarantor or such Restricted Subsidiary in excess of the liability for rent due as of the date on which such notice is given and under which no penalty or premium is paid as a result of any such termination, (b) obligations under rental agreements relating to equipment other than Equipment having an aggregate value of less than $5,000,000 for all such agreements, (c) obligations in respect of any Capitalized Leases, (d) any obligations incurred in a lease transaction where the obligation of the Parent Guarantor or its Restricted Subsidiary to pay rent thereunder is limited to a pass-through of net rental amounts received by the Parent Guarantor or its Restricted Subsidiaries from a sublessee of equipment under such transaction (“net sublease rentals”), so that if there are no net sublease rental amounts received by the Parent Guarantor or its Restricted Subsidiaries from a sublessee then Guarantor or its Restricted Subsidiaries would have no obligation to make any rental payment under or in connection with such transaction, shall not constitute a Rental Obligation hereunder; and (e) obligations under the lease of commercial office properties in the conduct of the business of the Parent Guarantor or any of its Restricted Subsidiaries shall not be deemed a Rental Obligation hereunder. For purposes of this Agreement, the aggregate amount of Rental Obligations of the Parent Guarantor and its Restricted Subsidiaries shall, as at any date of determination, be an amount equal to the net present value, calculated at a discount rate of nine percent (9.00%) per annum, of the future Rental Obligations of such Person.
Examples of Rental Obligations in a sentence
Property and Indebtedness and Rental Obligations of Former School Districts.
Property and Indebtedness and Rental Obligations of Former Component School Districts.
With respect to any fiscal period of CAI and its Subsidiaries, an amount equal to the sum of (a) Consolidated EBITDA for such fiscal period plus (b) consolidated rental expense on Rental Obligations for such fiscal period as determined in accordance with GAAP.
For purposes of this Agreement, the aggregate amount of Rental Obligations of CAI and its Subsidiaries shall, as at any date of determination, be an amount equal to the net present value, calculated at a discount rate equal to the rate implicit in the relevant lease per annum, of the future Rental Obligations of such Person.
Senior Indebtedness 104 Section 9.2. Negative Covenants 104 Section 9.2.1. Business Activities 105 Section 9.2.2. Indebtedness 105 Section 9.2.3. Liens 110 Section 9.2.4. Minimum EBITDA 115 Section 9.2.5. Investments 117 Section 9.2.6. Restricted Payments, etc 119 Section 9.2.7. Capital Expenditures 121 Section 9.2.8. Rental Obligations 122 Section 9.2.9. Take or Pay Contracts 122 Section 9.2.10.
More Definitions of Rental Obligations
Rental Obligations means with reference to any period, the aggregate amount of all future payments for rent or additional rent (including all payments for taxes and insurance made directly to the lessor, but excluding payments for maintenance, repairs, alterations, construction, demolition and the like) for which the Borrower or Subsidiaries are directly or indirectly liable (as lessee or as guarantor or other surety) under all Operating Leases in effect at such period end that are not cancelable.
Rental Obligations means amounts payable by a lessee under a lease including, without limitation, amounts payable under any renewal or purchase option in favor of the lessee which, if not paid, will result in a material forfeiture of rights, interest or property available to such lessee (i.e. a forfeiture of rights, interest or property with a fair market value materially greater than the cost of exercising such renewal or purchase option.)
Rental Obligations means, with respect to any Person during any period, the aggregate amount of all rental obligations for which such Person is directly or indirectly liable (as lessee or as guarantor or as other surety) under all operating leases in effect or to be in effect at any time during such period, including all amounts for which any Person was so liable during such period accrued prior to the date such Person became a Subsidiary or was merged into or consolidated with any Company.
Rental Obligations means, with reference to any period, the ------------------ aggregate amount of all rental obligations for which the Consolidated Companies are directly or indirectly liable (as lessee or as guarantor or other surety but without duplication) under all leases in effect at any time during such period (other than operating leases for motor vehicles, computers, office equipment and other similar items used in the ordinary course of business of the Consolidated Companies), including all such amounts for which any Person was liable during the period immediately prior to the date such Person became a Subsidiary of the Borrower or was merged into or consolidated with the Borrower or a Subsidiary of the Borrower, as determined in accordance with GAAP.
Rental Obligations of any Person shall mean, for any period, all rents and other amounts (including as such, all payments which such Person is obligated to make to the lessor on termination of any lease and/or on surrender of the leased property other than payments for which such Person is contingently liable on account of early termination or breach of such lease) paid, payable or guaranteed during such period by such Person, as lessee or sublessee under any lease, excluding any amount required to be paid by such Person (whether or not designated as rents or additional rents) on account of maintenance, repairs, insurance, taxes, utilities and similar charges, determined in accordance with GAAP. Whenever it is necessary to determine the amount of Rental Obligations for any period, to the extent that such Rental Obligations are not definitely determinable by the terms of the lease, the Rental Obligations not so definitely determinable shall be estimated in good faith and in such reasonable manner as the board of directors of the Holding Company may determine.
Rental Obligations means, with reference to any period, the aggregate amount of all rental obligations for which the Parent and its consolidated Subsidiaries are directly or indirectly liable (as lessee or as guarantor or other surety but without duplication) under all leases in effect at any time during such period (other than operating leases for motor vehicles, computers, office equipment and other similar items used in the ordinary course of business of the Parent and its consolidated Subsidiaries), including all such amounts for which any Person was liable during the period immediately prior to the date such Person became a Subsidiary of the Parent or was merged into or consolidated with the Parent or a Subsidiary of the Parent, as determined in accordance with GAAP.
Rental Obligations means, with reference to any period, the aggregate amount of all rental obligations for which the Consolidated Companies are directly or indirectly liable (as lessee or as guarantor or other surety but without duplication) under all leases in effect at any time during such period (other than operating leases for motor vehicles, computers, office equipment and other similar items used in the ordinary course of business of the Consolidated Companies), including all such amounts for which any Person was liable during the period immediately prior to the date such Person became a Subsidiary of the Sponsor or was merged into or consolidated with the Sponsor or a Subsidiary of the Sponsor, as determined in accordance with GAAP and expressly including all rental obligations arising pursuant to the LIBOR Lease Transaction (excluding supplemental or contingent lease obligations thereunder).