Common use of Consolidated Adjusted Interest Coverage Ratio Clause in Contracts

Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers to be less than 1.50:1.00. For purposes of determining the ratio described above for the fiscal quarters of the Borrowers ending FQ3 2002 and FQ4 2002, (i) Consolidated EBITDAR for the relevant period shall be deemed to be equal to Consolidated EBITDAR for the trailing 12-month period ending on the last date of each such fiscal quarter; (ii) Consolidated Interest Expense for the relevant period will not include any interest expense incurred prior to FQ2 2002 and shall be determined (x) as of the end of the FQ3 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002 and FQ3 2002 by 2 and (y) as of the end of the FQ4 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002, FQ3 2002 and FQ4 2002 by 4/3; and (iii) the calculation of Consolidated EBITDAR and rent expense shall include operating performance of only that Real Estate that was owned and operated by Holdings or any of its Restricted Subsidiaries as of January 30, 2002 or acquired thereafter.

Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers to be less than 1.50:1.00. For ; provided, that for purposes of determining the ratio described above for the fiscal quarters of the Borrowers ending FQ1 2002, FQ2 2002, FQ3 2002 and FQ4 2002, (i) Consolidated EBITDAR for the relevant period shall be deemed to be equal to Consolidated EBITDAR for the trailing 12-month period ending on the last date of each such fiscal quarter; (ii) quarter and Consolidated Interest Expense for the relevant period will be annualized and will not include any interest expense incurred prior relating to FQ2 2002 and shall be determined indebtedness terminated on or before the Closing Date; provided, further, that for purposes of calculating (xi) as of the end of the FQ3 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002 and FQ3 2002 by 2 and (y) as of the end of the FQ4 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002, FQ3 2002 and FQ4 2002 by 4/3; and (iii) the calculation of such Consolidated EBITDAR and (ii) such rent expense expense, each such calculation shall include operating performance of only that Real Estate that was which is still owned and operated by Holdings or any of its Restricted Subsidiaries as of January 30, 2002 or acquired thereafter.the Closing Date and after giving effect to consummation of the Amended Plan

Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers to be less than 1.50:1.00. For purposes of determining the ratio described above for the fiscal quarters of the Borrowers ending FQ3 2002 and FQ4 2002, (i) Consolidated EBITDAR for the relevant period shall be deemed to be equal to Consolidated EBITDAR for the trailing 12-month period ending on the last date of each such fiscal quarter; (ii) Consolidated Interest Expense for the relevant period will not include any interest expense incurred prior to FQ2 2002 and shall be determined (x) as of the end of the FQ3 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002 and FQ3 2002 by 2 and (y) as of the end of the FQ4 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002, FQ3 2002 and FQ4 2002 by 4/3; and (iii) the calculation of Consolidated EBITDAR and rent expense shall include operating performance of only that Real Estate that was owned or leased, and operated by Holdings or any of its Restricted Subsidiaries as of January 30, 2002 or acquired thereafter.