Examples of Lease Obligations in a sentence
Indebtedness relating to Topgolf locations in the form of mortgage financings, Capital Lease obligations, including Specified Capital Lease Obligations, and/or, to the extent constituting Indebtedness, operating lease liabilities, finance lease liabilities and deemed landlord financing liabilities.
If you do not meet your Lease Obligations, you may lose your security deposit.
Fixed Charges: the sum of cash interest expense, and scheduled principal payments made on Borrowed Money (in each case of the foregoing, excluding (x) Indebtedness that has been Discharged and/or Escrowed Indebtedness, and (y) as long as such amounts constitute an expense included in the calculation of Consolidated Adjusted EBITDA, Topgolf Location Indebtedness, deemed landlord financing and Specified Capital Lease Obligations), and Restricted Payments made.
Right-of-use lease obligations are as follows: September 30, 2023 2022 Right-of-use lease obligations $ 123,671 $ 115,266 Less: current installments (15,631) (13,613) Right-of-Use Lease Obligations, less current installments $ 108,040 $ 101,653 During the years ended September 30, 2023 and 2022, respectively, interest expense of approximately $6.4 million and $5.3 million was incurred related to the lease obligations with interest rates ranging from 0.66% to 29.75% and from 0.33% to 4.89%.