Rent Adjusted Leverage Ratio definition

Rent Adjusted Leverage Ratio means, as of any date, the ratio of (a) the sum of (i) an amount equal to eight times Consolidated Rental Expense for the most recent Test Period and (ii) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDAR for such Test Period.

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Rent Adjusted Leverage Ratio means, as of any date of determination, the ratio of (a) Rent Adjusted Total Funded Indebtedness as of such date of determination to (b) EBITDAR for the four Fiscal Quarters ending on such date of determination.

Rent Adjusted Leverage Ratio means the following ratio, computed on a roiling twelve (12) months basis: Funded Debt plus [8 x third party rent expense] divided by net income after tax + interest expense + income tax expense + depreciation, amortization and third party rent expense. Covenant to be measured on a combined basis, with AMC Group Inc and Diversified Restaurant Holdings, Inc. Ref# 1000367553 — MCA Enterprises ▇▇▇▇▇▇▇ Inc. Real Estate Loan Agreement

Examples of Rent Adjusted Leverage Ratio in a sentence

For purposes of determining the Consolidated Total Net Rent Adjusted Leverage Ratio or any other leverage-based ratio or test under this Agreement, the amount of Indebtedness shall reflect the currency translation effects, determined in accordance with GAAP, of Swap Contracts permitted hereunder for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar equivalent of such Indebtedness.
If the Rent Adjusted Leverage Ratio as of the last day of any fiscal year of the Borrower (beginning with its fiscal year ending December 31, 2007) is greater than or equal to 5.25:1.00, permit Minimum Free Cash Flow for any Test Period ending on such date to be less than (i) in the case of the Borrower’s fiscal year ended December 31, 2007, $50,000,000, and (ii) in the case of each fiscal year of the Borrower thereafter, $75,000,000.
To the extent that the Consolidated Total Rent Adjusted Leverage Ratio is greater than 3.50 to 1.00, make or become legally obligated to make any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations), except for Capital Expenditures in the ordinary course of business not exceeding $25,000,000 in the aggregate for Holdings and its Subsidiaries during each fiscal year.
Commencing with the Fiscal Quarter ending May 2, 2021, and measured quarterly thereafter as of the last day of each Fiscal Quarter of the Borrower, calculated for the four Fiscal Quarters ending on such date, the Borrower shall not permit the Rent Adjusted Leverage Ratio to be greater than 3.50 to 1.00.
Commencing with the Fiscal Quarter ending May 2, 2021, and measured quarterly thereafter as of the last day of each Fiscal Quarter of the Borrower (other than the Fiscal Quarter ending February 2, 2025), calculated for the four Fiscal Quarters ending on such date, the Borrower shall not permit the Rent Adjusted Leverage Ratio to be greater than 3.50 to 1.00.
The Rent Adjusted Leverage Ratio for the twelve month period ending on February 19, 2006 shall not exceed 6.20:1.00.
AMC Wings, Inc., to maintain on a consolidated basis a Rent Adjusted Leverage Ratio not exceeding 4.5:1.00.
The Net Senior Rent Adjusted Leverage Ratio of Parent and its Subsidiaries, for the four Fiscal Quarter period ended on the Reporting Date is ___ to 1.0, which [satisfies / does not satisfy] the requirement set forth in Section 8(b) of the Credit Agreement.
Attached to this Schedule 1 are calculations supporting the foregoing calculations with respect to the Net Senior Leverage Ratio, Net Senior Rent Adjusted Leverage Ratio and Fixed Charge Coverage Ratio.
Permit the Consolidated Total Rent Adjusted Leverage Ratio at any time during any period set forth below to be greater than the ratio set forth below opposite such period: September 30, 2018 through December 31, 2019 4.00 to 1.00 March 31, 2020 and thereafter 3.50 to 1.00 Anti-Corruption Laws.

More Definitions of Rent Adjusted Leverage Ratio

Rent Adjusted Leverage Ratio means the ratio, as of the last day of any Fiscal Quarter or other date of determination, of (i) the sum of (a) Consolidated Total Company Debt as of such day (or if such date of determination is not the last day of a Fiscal Quarter, as of the last day of the most recently ended Fiscal Quarter) and (b) the product of (x) eight (8) multiplied by (y) the Rent Expense as of such day (or if such date of determination is not the last day of a Fiscal Quarter, as of the last day of the most recently ended Fiscal Quarter) to (ii) the Consolidated Adjusted EBITDAR for the four-Fiscal Quarter period ending on such day (or if such date of determination is not the last day of a Fiscal Quarter, for the four-Fiscal Quarter period ending as of the most recently ended Fiscal Quarter.

Rent Adjusted Leverage Ratio means the ratio, as of the last day of any Fiscal Quarter or other date of determination, of (i) the sum of (a) Consolidated Total Company Debt as of such day (or if such date of determination is not the last day of a Fiscal Quarter, as of the last day of the most recently ended Fiscal Quarter) and (b) the product of (x) eight (8) multiplied by (y) the Rent Expense as of such day (or if such date of determination is not the last day of a Fiscal Quarter, as of the last day of the most recently ended Fiscal Quarter) to (ii) the Consolidated Adjusted EBITDAR for the four-Fiscal Quarter period ending on such day (or if such date of determination is not the last day of a Fiscal Quarter, for the four- Fiscal Quarter period ending as of the most recently ended Fiscal Quarter.

Rent Adjusted Leverage Ratio means the sum of the Total Debt (as defined in Section 8.2(e) hereof) of Borrower plus the product of Borrower's Rental Expense multiplied by eight (8), as such sum is divided by EBITDAR. "EBITDAR" means Adjusted EBITDA plus Rental Expense of Borrower.

Rent Adjusted Leverage Ratio means the quotient obtained by dividing (i) the sum of (A) total Debt of the Company and its Restricted Subsidiaries plus (B) eight times rent expense of the Company and its Restricted Subsidiaries by (ii) the sum of (A) EBITDA plus (B) rent expense of the Company and its Restricted Subsidiaries, with total Debt being determined as of the last day of the most recent four consecutive fiscal quarters ending at least