Consolidated Rent definition

Consolidated Rent means, for any period, the consolidated rental expense of the Borrower and its Consolidated Subsidiaries for such period, and including in any event rental costs of closed stores for such period whether or not reflected as an expense in the determination of Consolidated Net Income for such period.
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Consolidated Rent means, for any period, the sum of all rent expensed for the use of improved and unimproved real property (but excluding real estate taxes and common area maintenance expenses in each case to the extent paid or payable by the Borrower and the Subsidiary Guarantors on or with respect to their leased premises), calculated for the Borrower and the Subsidiary Guarantors on a consolidated basis in accordance with GAAP for such period.
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Consolidated Rent means, for any period, the consolidated rental expense of the Borrower and its Consolidated Subsidiaries for such period, and including in any event rental costs of closed stores for such period whether or not reflected as an expense in the determination of Consolidated Net Income for such period and including base or basic rent payments under Synthetic Leases.
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Examples of Consolidated Rent in a sentence

  • In relation to the Borrower for any period, an amount equal to EBITDA for such period, plus Consolidated Rent Expense for such period.

  • Permit the ratio of (a) Consolidated EBITDA plus Consolidated Rent Expense to (b) Consolidated Interest Expense plus Consolidated Rent Expense, in each case for any period of four consecutive fiscal quarters of the Borrower ending on any date on or after the Effective Date to be less than 3.2 to 1.0.

  • In relation to the Borrower Affiliated Group for any period, an amount equal to EBITDA for such period, plus Consolidated Rent Expense for such period.

  • Holdings will not permit the ratio of (i) Consolidated EBITDAR to (ii) the sum of Consolidated Interest Expense plus Consolidated Rent Expense for any period of four consecutive fiscal quarters of Holdings (taken as one accounting period) to be less than 3.50:1.00.

  • Consolidated Rent Expense for any fiscal year shall not exceed three percent (3%) of revenues of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • The ratio of (i) Consolidated Indebtedness plus six times Consolidated Rent Expense (measured on a rolling 4-quarter basis) to (ii) Consolidated EBITDA plus one times Consolidated Rent Expense (in each case, measured on a rolling 4-quarter basis), shall not be greater than 5.50 to 1.00, measured on a pro forma basis (after giving effect to the Borrowings to be made hereunder on the Amendment Closing Date) as of the last day of the immediately preceding fiscal quarter.

  • The ratio of (a) Consolidated Indebtedness PLUS six times Consolidated Rent Expense to (b) Consolidated EBITDA (measured on a trailing 12-month basis) plus one times Consolidated Rent Expense, in each case, measured on a trailing 12-month basis, shall not be greater than 5.75 to 1.00, measured on a pro forma basis (after giving effect to the transactions and borrowings contemplated hereunder and under the Credit Agreement) as of the last day of the immediately preceding fiscal month.

  • The Borrower and its Subsidiaries shall maintain on a consolidated basis, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending July 30, 2004, a ratio of (i) Consolidated EBITR to (ii) Consolidated Interest Expense plus without duplication Consolidated Rent Expense (all such amounts to be calculated for the Fiscal Quarter then ending and the immediately preceding three (3) Fiscal Quarters) of greater than 2.00:1.00.

  • The Borrower will not permit, as at each Fiscal Quarter end, the ratio of (a) its Consolidated Net Income plus Consolidated Interest Expense, provisions for all taxes and Consolidated Rent Expense for the four-Fiscal Quarter period ended on such Fiscal Quarter end, to (b) the sum of its Consolidat- ed Interest Expense and Consolidated Rent Expense for the four-Fiscal Quarter period ended on such Fiscal Quarter end, to be less than 3.0 to 1.0 as at any Fiscal Quarter end.

  • The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after October 29, 2005 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBITDAR minus Consolidated Capital Expenditures to (ii) Consolidated Interest Expense plus Consolidated Rent Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.5 to 1.0.


More Definitions of Consolidated Rent

Consolidated Rent means, for any period, the consolidated rental expense of the Borrower and its Consolidated Subsidiaries for such period.
Sample 1Sample 2Sample 3
Consolidated Rent means, for any period, the rent expensed for the use of improved and unimproved real property on the financial statements of the Borrower and its Subsidiaries calculated on a consolidated basis in accordance with GAAP for such period
Sample 1
Consolidated Rent means, for any period, all rental expense of the Borrower and its Subsidiaries for such period in respect of any leases or licenses of real or personal property, other than capital leases and the ELLF (but only so long as all expenses in respect of the ELLF are included in the determination of Consolidated Interest Expense), excluding obligations for taxes, insurance, maintenance and similar costs which the lessee or licensee is obligated to pay under the terms of such leases or licenses, determined on a consolidated basis in accordance with GAAP.
Sample 1
Consolidated Rent means, for Parent and its Subsidiaries for any period (determined on a consolidated basis in accordance with GAAP), the aggregate amount of all fixed and contingent payments with respect to all leases of real and personal property (excluding payments on Capital Lease Obligations).
Sample 1
Consolidated Rent means, for any period, the aggregate Fixed Annual Rent for such period under this Master Lease; (d) the term “Test Date” shall mean the last day of each calendar quarter during the Term, with the first such date to occur on December 31, 2019 with respect to all Facilities; and (e) the term “Test Period” shall mean (i) as of the first Test Date occurring during the Term, the three (3) month period then ending as of the Test Date, (ii) as of the second Test Date occurring during the Term, the six (6) month period then ending as of the Test Date, (iii) as of the third Test Date occurring during the Term, the nine (9) month period then ending as of the Test Date, and (iv) as of each Test Date occurring after the third Test Date during the Term, the twelve (12) month period then ending as of the applicable Test Date.”
Sample 1

Related to Consolidated Rent

  • Consolidated Rentals means, with reference to any period, the Rentals of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Consolidated Revenues means, for any period, the consolidated net revenue of the Company and the Restricted Entities for such period determined in accordance with GAAP.

  • Consolidated Revenue means for any period the total revenues of the Company and its Subsidiaries, determined in accordance with GAAP.

  • Consolidated Lease Expense means, for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined on a consolidated basis in accordance with GAAP for such period.

  • Consolidated Debt Service means, for any relevant period, the sum (without double counting), determined in accordance with GAAP, of:

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Non-cash Charges means, with respect to any Person, for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary item or loss or any such charge which requires an accrual of or a reserve for cash charges for any future period).

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.

  • Consolidated Interest Charges means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP.

  • Consolidated Asset Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Assets to (b) the sum of the aggregate amount of Revolving Borrowings and Term Loans then outstanding.

  • Consolidated Debt means at any date the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • consolidated basis means on the basis of the consolidated situation;

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to:

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.