First Lien Adjusted EBITDA Sample Clauses

First Lien Adjusted EBITDA. The Parent shall not at the end of each Rolling Period permit (i) the total Adjusted EBITDA for such Rolling Period of the Owned Hospitality Properties that are subject to a Mortgage in favor of the Administrative Agent for the benefit of the Lenders as of the end of such Rolling Period to be less than 45% of (ii) the total Adjusted EBITDA for such Rolling Period of all the Owned Hospitality Properties as of the end of such Rolling Period.