EBITDAR Ratio definition

EBITDAR Ratio shall be the ratio of EBITDAR to interest and operating lease expenses.
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EBITDAR Ratio as of the last day of any fiscal quarter means the ratio of (i) EBITDAR for the four consecutive fiscal quarters ending on such date divided by (ii) the Fixed Charges for such four consecutive fiscal quarters (provided that for the last day of the fiscal quarter ending in June of 1998, such ratio shall be calculated by annualizing the three consecutive fiscal quarters ending on such date).
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EBITDAR Ratio means, for any period, the ratio of EBITDAR (as this term is defined below) to rent on any real estate leases. The Minimum EBITDAR Ratio shall exclude the financial results for Post Acute Medical Center, LLC.
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Examples of EBITDAR Ratio in a sentence

  • The Consolidated Companies will maintain, as of the end of each Fiscal Quarter, an Adjusted Total Debt to EBITDAR Ratio of not greater than 3.00:1.00.

  • Maximum Adjusted Debt to EBITDAR Ratio is defined as the ratio of (A) Total Funded Debt minus invested Funds plus rent payments multiplied by 7, to (B) EBITDAR.

  • Borrower shall maintain an Adjusted Debt to EBITDAR Ratio of not more than 4.0 to 1.0. Maximum adjusted Debt to EBITDAR shall be measured at quarter-end based on a four quarter trailing basis.

  • The Consolidated Companies will maintain, as of the end of each Fiscal Quarter, an Adjusted Total Debt to EBITDAR Ratio of not greater than 3.25:1.00.

  • As of any fiscal quarter end, permit the Adjusted Debt to EBITDAR Ratio of Urban and its Consolidated Subsidiaries to be more than 4.0 to 1.0.

  • Upon receiving the reported Maximum Adjusted Debt to EBITDAR Ratio for the preceding quarter determined by Borrower’s quarterly loan compliance report, and determining the applicable interest rate and non-use fee, Lender and Borrower agree that Lender shall reimburse Borrower for any interest and non-use fee overpaid and Borrower shall reimburse Lender for any interest and non-use fee owed within thirty (30) days of such determination.

  • Maintain on a consolidated basis the Lease Adjusted Total Debt to EBITDAR Ratio not exceeding 4.00 to 1.00 as of any fiscal quarter end, commencing with the fiscal quarter ending September 30, 2018.

  • Maintain on a consolidated basis the Lease Adjusted Total Debt to EBITDAR Ratio not exceeding 4.00 to 1.00 as of any fiscal quarter end.

  • The Borrower will not permit the Funded Indebtedness to Adjusted EBITDAR Ratio, on the last day of any fiscal quarter of the Borrower, to be greater than 3.00 to 1.00.

  • The Total Adjusted Debt to Consolidated EBITDAR Ratio at the end of each Fiscal Quarter shall not exceed 4.00 to 1.


More Definitions of EBITDAR Ratio

EBITDAR Ratio means, with respect to any separately leased Senior Housing Asset or any Senior Housing Asset Pool, or any Senior Housing Asset or group of Senior Housing Assets securing a Mortgage Note, and for any period, the ratio of (a) Property NOI for such Senior Housing Asset, Senior Housing Asset Pool or group of Senior Housing Assets for such period to (b) rental or mortgage payments due to the Borrower or any Subsidiary for the same such period with respect to such Senior Housing Asset, Senior Housing Asset Pool or group of Senior Housing Assets, exclusive of the portion of such rent received by the Borrower or any Subsidiary which is escrowed for capital expenditures.
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