Annualized Basis means, with respect to the determination of any amount for any period (for purposes of this definition, the "Subject Period"), the product obtained by multiplying (a) the amount accrued during the period commencing with (and including) the Closing Date and ending on the last day of the Subject Period and (b) the quotient obtained by dividing (i) 365 by (ii) the number of days from (and including) the Closing Date to (and including) the last day of the Subject Period.
Annualized Basis means, with respect to a specific component of the Fixed Charges for any measurement period, the product of (i) the actual amount made or paid in respect of such component during such period divided by the number of calendar days in such period times (ii) 365.
Annualized Basis means that, when a provision hereof provides that Consolidated EBITDAR, Consolidated Interest Expense, Consolidated Rental Expense or Consolidated EBITDA is to be calculated as of a date (the “relevant date”) prior to the end of the fourth full Fiscal Quarter following the Closing Date for a period of four consecutive Fiscal Quarters ending on the relevant date, (i) Consolidated EBITDAR, Consolidated Interest Expense, Consolidated Rental Expense or Consolidated EBITDA, as the case may be, shall be calculated for the period from the end of the month in which the Closing Date occurs to the relevant date (a “short period”) and (ii) the amount so calculated shall be multiplied by a fraction of which the numerator is 12 and the denominator is the number of whole calendar months in such short period (provided that if the relevant date falls on the last day of a month, such short period shall be deemed to include such month).
Examples of Annualized Basis in a sentence
Reflects Total Debt described in (6) below less unrestricted cash divided by EBITDA per the Notes on a Last Quarter Annualized Basis.
Subsection 5.04(b)(ii) shall be modified so that (x) the Unencumbered Adjusted NOI for the applicable calendar quarter is calculated on an Annualized Basis and (y) the reference in the third line to “2.00x” is replaced with “1.75x”.
Subsection 5.04(a)(iv) shall be modified so that (x) the Adjusted Consolidated EBITDA used to calculate the Consolidated Fixed Charge Coverage Ratio is calculated based on Consolidated EBITDA for the applicable quarter calculated on an Annualized Basis and (y) the reference to “1.50:1.00” is replaced with “1.25:1.00”.
Subsection 5.04(a)(v) shall be modified so that the Total Asset Value is calculated, for each Seasoned Property, based on the Adjusted NOI for such Seasoned Property for the applicable quarter calculated on an Annualized Basis.
Subsection 5.04(a)(vi) shall be modified so that the Total Asset Value is calculated, for each Seasoned Property, based on the Adjusted NOI for such Seasoned Property for the applicable quarter calculated on an Annualized Basis.
More Definitions of Annualized Basis
Annualized Basis means, (i) for calculations relating to the second quarter of calendar year 2021 ending June 30, 2021, applicable amounts for such quarter, annualized, (ii) for calculations relating to the third quarter of calendar year 2021 ending September 30, 2021, the applicable amounts for such quarter and the immediately preceding quarter, annualized and (iii) for calculations relating to the fourth quarter of calendar year 2021 ending December 31, 2021, the applicable amounts for such quarter and the two immediately preceding quarters, annualized.
Annualized Basis means, (a) with respect to the end of the first Fiscal Quarter of the Parent ending after the Effective Date, the applicable amount for such Fiscal Quarter multiplied by four, (b) with respect to the second Fiscal Quarter of the Parent ending after the Effective Date, the applicable amount for such Fiscal Quarter and the immediately preceding Fiscal Quarter multiplied by two, and (c) with respect to the third Fiscal Quarter of the Parent ending after the Effective Date, the applicable amount for such Fiscal Quarter and the two immediately preceding Fiscal Quarters multiplied by one and one-third.
Annualized Basis means, (i) for calculations relating to the second quarter of calendar year 2022 ending June 30, 2022, applicable amounts for such quarter, annualized, (ii) for calculations relating to the third quarter of calendar year 2022 ending September 30, 2022, the applicable amounts for such quarter and the immediately preceding quarter, annualized and (iii) for calculations relating to the fourth quarter of calendar year 2022 ending December 31, 2022, the applicable amounts for such quarter and the two immediately preceding quarters, annualized.
Annualized Basis means, with respect to the components of the Fixed Charge Coverage Ratio for each calendar month ending on or before May 31, 2014 (the last day of each such month being referred to herein as a “Test Date”), each such component of the Fixed Charge Coverage Ratio during the period beginning on June 1, 2013 and ending on the Test Date, divided by the number of full calendar months in such period, multiplied by twelve (12).
Annualized Basis means with respect to a determination of Consolidated Interest Expense or the principal amount of scheduled amortization payments on Indebtedness of Borrower and its Subsidiaries scheduled to be repaid or prepaid for any period ending on or prior to April 30, 2008, an amount equal to:
Annualized Basis means, for purposes of calculating the Consolidated EBITDA of the Parent and its Subsidiaries (or Xxxxx.xxx and its Subsidiaries, as applicable), (a) for the period ending December 31, 2015, an amount equal to Consolidated EBITDA for the three-month period ending December 31, 2015 times four (4), (b) for the period ending March 31, 2016, an amount equal to Consolidated EBITDA for the six-month period ending March 31, 2016 times two (2), and (c) for the period ending June 30, 2016, an amount equal to Consolidated EBITDA for the nine-month period ending June 30, 2016 times four-thirds (4/3).
Annualized Basis means, (a) with respect to the end of the first Fiscal Quarter of the Borrower ending after the Amendment Effective Date, the applicable amount for such Fiscal Quarter multiplied by four, (b) with respect to the second Fiscal Quarter of the Borrower ending after the Amendment Effective Date, the applicable amount for such Fiscal Quarter and the immediately preceding Fiscal Quarter multiplied by two and (c) with respect to the third Fiscal Quarter of the Borrower ending after the Amendment Effective Date, the applicable amount for such Fiscal Quarter and the immediately preceding two Fiscal Quarters multiplied by one and one-third; provided that such applicable amount shall be determined on a pro forma basis as if the Transaction was completed on July 1, 2005.