Lease Adjusted Debt definition
Lease Adjusted Debt means the sum of (i) all of Tenant’s Debt plus (ii) the product of (x) all of Tenant’s operating rent, including the annual Fixed Rent then payable under this Lease, multiplied by (y) eight (8).
Lease Adjusted Debt means (a) the sum, without duplication, of Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis, plus (b) the Operating Lease Amount, minus (c) to the extent constituting Indebtedness, obligations under the DPA.