Consolidated Total Operating Lease Expense definition
Consolidated Total Operating Lease Expense means, for any period, total cash rental expense (excluding real estate taxes and other pass-through expenses but including contingent rent payments) of the Consolidated Parties on a consolidated basis for such period attributable to Operating Leases to which the Borrower and its Subsidiaries are a party, net of sublease rentals, determined in accordance with GAAP; provided that:
Consolidated Total Operating Lease Expense means, for any period, total rental expense (excluding real estate taxes and other pass-through expenses) of the Borrower attributable to Operating Leases to which the Borrower and its Subsidiaries are a party, net of sublease rentals on a consolidated basis determined in accordance with GAAP for the immediately preceding fiscal year.
Consolidated Total Operating Lease Expense means, for any period, total rental expense (excluding real estate taxes and other pass-through expenses) of the Borrower attributable to Operating Leases to which the Borrower and its Subsidiaries are a party,