Adjusted Consolidated EBITDA. On any date of determination, the sum of (a) the Consolidated EBITDA for the prior fiscal quarter most recently ended, multiplied by four (4), less (b) the Capital Reserve.
Adjusted Consolidated EBITDA. With respect to any period of determination, the sum of (a) Consolidated EBITDA for the applicable period, less (b) the amount equal to Capital Reserves for such period.
Adjusted Consolidated EBITDA. On a cumulative basis for calendar year 2003, measured at the end of each calendar month beginning in March 2003, the Borrowers’ consolidated EBITDA adjusted to include restructuring charges for the relevant period shall not have a negative variance greater than $10,000,000 from “Consolidated EBITDA” adjusted to include “Restructuring Charges”, in each case as shown on the Consolidated Income Statement of the Budget on a cumulative basis for the period measured.
Adjusted Consolidated EBITDA. The Borrower shall ensure that the Adjusted Consolidated EBITDA in respect of any Relevant Period (including (without double‑counting) in the calculation of Adjusted Consolidated EBITDA any Equity Cure Contribution made during such period and not including in such calculation any Equity Cure Contribution that was counted towards a calculation of any covenant for any prior Relevant Period) shall not be less than the amount set out in column 2 (Column 2 – Amount) below opposite that Relevant Period.
Column 1 Relevant Period Column 2 – Amount
Adjusted Consolidated EBITDA. With respect to any period, the Consolidated EBITDA for such period less the amount equal to Capital Reserves for such period.
Adjusted Consolidated EBITDA. With respect to any period of determination, the sum of (a) Consolidated EBITDA for the calendar quarter most recently ended, annualized, less (b) the amount equal to Capital Reserves for such period. Adjusted Earnings. With respect to any period of determination, an amount equal to Net Income (Loss) available for common shareholders (after payment of all Preferred Distributions) for such period plus the sum of (i) non-cash compensation, (ii) depreciation on real estate assets, (iii) unreimbursed transaction expenses, and (iv) one-time charges.
Adjusted Consolidated EBITDA. On any date of determination, the sum of Consolidated EBITDA for the four (4) fiscal quarters most recently ended less the FF&E Reserve for all Real Estate of the REIT and its Subsidiaries and less the Franchise Fees of the REIT and its Subsidiaries and less the Management Fees of the REIT and its Subsidiaries (to the extent not previously included in Consolidated EBITDA), in each case for the four (4) fiscal quarters most recently ended. Adjusted Consolidated EBITDA for the period shall be adjusted on a proforma basis to account for properties acquired or sold in the period in a manner satisfactory to the Agent.
Adjusted Consolidated EBITDA. At the end of each Fiscal Quarter, commencing with the first Fiscal Quarter of the 2000 Fiscal Year, Adjusted Consolidated EBITDA shall at all times equal to or greater than the amount set forth below for each Fiscal Quarter of each Fiscal Year set forth below, and shall be calculated (i) at the end of each Fiscal Quarter in the 2000 Fiscal Year, for such Fiscal Quarter only, and (ii) at the end of each Fiscal Quarter thereafter, for the 4 Fiscal Quarter period then ending.
Adjusted Consolidated EBITDA. The Borrower shall ensure that the Adjusted Consolidated EBITDA in respect of any Relevant Period (including (without double-counting) in the calculation of Adjusted Consolidated EBITDA any Equity Cure Contribution made during such period and the amount of any prior Equity Cure Contribution that has not been required to be counted in the calculation of Adjusted Consolidated EBITDA to enable the Borrower to achieve the amount set out in column 2 (Column 2 – Amount) for any prior Relevant Period, provided that no part of any Equity Cure Contribution may be included in the calculation of the Adjusted Consolidated EBITDA in any subsequent Relevant Period if the proceeds of such Equity Cure Contribution has been so taken into account in any such calculation for any two (2) prior Relevant Periods) specified in column 1 (Column 1 – Relevant Period) below shall not be less than the amount set out in column 2 (Column 2 – Amount) below opposite that Relevant Period.
Column 1 - Relevant Period Column 2 – Amount
Adjusted Consolidated EBITDA. (i) + (ii) + (iii) = $[________]
(i) Consolidated EBITDA of the Borrower and its Subsidiaries: $[________]
(ii) amounts received by the Borrower during such period pursuant to the Loews Agreement or other similar agreements to the extent such amounts are not otherwise included in determining Consolidated EBITDA of Borrower and its Subsidiaries under clause (i) above: $[________]
(iii) the aggregate amount of cash payments received by the Borrower during such period pursuant to Section 4(b) of the Common Unit Adjustment Agreement to the extent such amounts are not otherwise included in determining Consolidated EBITDA of the Borrower and its Subsidiaries under clause (i) above: $[________]
