Consolidated Rentals definition

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

Consolidated Rentals means, with reference to any period, the Rentals of the Borrower and its Subsidiaries calculated on a consolidated basis for such period in accordance with Agreement Accounting Principles.

Examples of Consolidated Rentals in a sentence

• The Company will not permit, nor will it permit any Subsidiary to, create, pay or incur Consolidated Rentals in excess of $12,500,000 for any fiscal year during the term of this Agreement on a consolidated basis for the Company and its Subsidiaries.

• The Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (A) for Funded Debt and Consolidated Net Worth, Funded Debt and Consolidated Net Worth as of the last day of each fiscal quarter and (B) for Consolidated Rentals, the actual amount for the four-quarter period ending on such day.

• For purposes of the following financial covenants, if an Acquisition Investment has been completed during the preceding four fiscal quarters, the computations of Consolidated EBITDA, Consolidated Net Income, and Consolidated Rentals shall be calculated for the preceding four quarter period as if such Acquisition Investment had been acquired, in each case, on the first day of such four quarter period.

• As of the last day of each fiscal quarter, the Borrower shall not permit the ratio of (i) EBITR to (ii) the sum of (a) Consolidated Interest Expense plus (b) Consolidated Rentals, in each case for the period of four consecutive fiscal quarters ending on such day, to be less than 4.00 to 1.00.

• The Borrower shall not permit, nor shall it permit any Subsidiary to, create, pay or incur Consolidated Rentals in excess of $15,000,000 for any fiscal year during the term of this Agreement on a consolidated basis for the Borrower and its Subsidiaries.

More Definitions of Consolidated Rentals

Consolidated Rentals means, with reference to any period, the Rentals of the Borrower and its Restricted Subsidiaries calculated on a consolidated basis for such period in accordance with Agreement Accounting Principles.

Consolidated Rentals means, with reference to any period, the Rentals of the Parent and its Subsidiaries (other than the Designated Subsidiary) calculated on a consolidated basis for such period.

Consolidated Rentals means, for any period, the aggregate rental amounts payable by the Borrower and its Subsidiaries for such period under any lease of Property having an original term (including any required renewals or any renewals at the option of the lessor or lessee) of one year or more (but does not include any amounts payable under Capitalized Leases), determined in accordance with GAAP; provided, however, that there shall be excluded from such calculation rentals in respect of discontinued operations and other store closings reflected in the Borrower's consolidated financial statements (or the footnotes thereto) to the extent such rentals relate to operations for which a charge has been taken and/or reserve established in accordance with GAAP and which do not exceed the amount of such charge and/or reserve, the amount of which charge and/or reserve has been established consistent with GAAP.

Consolidated Rentals means, for any Computation Period for the Borrower and its Restricted Subsidiaries, the aggregate fixed amounts payable by the Borrower and its Restricted Subsidiaries, determined on a consolidated basis, under Operating Leases.

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

Consolidated Rentals means, for any period, the rentals of the Company and its Restricted Subsidiaries for such period under all leases, determined on a consolidated basis in accordance with GAAP.

Consolidated Rentals means, for the Borrower and its Subsidiaries for any period, the aggregate rent expense for the Borrower and its Subsidiaries for such period, as determined on a consolidated basis in accordance with GAAP.