Rental Expense definition
Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.
Rental Expense means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the lease expense of the Borrower and its Subsidiaries determined in accordance with GAAP for Real Property Leases with an initial term greater than one year, as disclosed in the notes to the consolidated financial statements for the Borrower and its Subsidiaries.
Rental Expense means, for any period, the sum of (without duplication with respect to gross lease arrangements): (a) all rental payments, (b) all common area maintenance payments made pursuant to real property leases and (c) all real estate taxes paid by the Company and its Subsidiaries (other than Excluded Subsidiaries) pursuant to real property leases not constituting Capital Lease Obligations.
Examples of Rental Expense in a sentence
During the period from the Closing Date to the date of consummation of the Equity Recap Transactions, forecasted annual Rental Expense at any new Store shall not exceed 10% of the average annual gross sales for all existing Stores located within the same state that have been open for more than twelve months.
During the period from the Closing Date to the date of consummation of the Equity Recap Transactions, forecasted annual Rental Expense at any new Store shall not exceed 10% of the average annual gross sales for all existing Stores located within the same state that have been open for more than twelve months[Reserved].
More Definitions of Rental Expense
Rental Expense means, all obligations of the Credit Parties or any of their Subsidiaries for payments under Operating Leases.
Rental Expense means, with respect to any Person for any period, the gross real estate rental expenses of such Person for such period (excluding all personal property rental expense), net of rental income of such Person for such period, each determined in accordance with generally accepted accounting principles consistently applied.
Rental Expense means, for any Person for any period, the minimum rental expense of such Person deducted in determining Consolidated Net Income of such Person for such period. Unless the context otherwise requires, references to “Rental Expense” are to Rental Expense of the Company and the Included Subsidiaries.
Rental Expense means, for any period, all payment obligations of Borrower and its consolidated Subsidiaries accrued during such period under agreements for rent, lease, hire or use of any real or personal property, including obligations in the nature of operating leases but excluding Capital Lease Obligations.
Rental Expense. With respect to any party, for any period, the rental expense for real estate leased by such party as lessee for such period as determined in accordance with GAAP.
Rental Expense means, for any period, all rental expense of Borrowers (but excluding lease termination expenses and lease exit costs, whether accounted for as a restructuring costs, lease expense or otherwise in connection with no more than three stores in any Fiscal Year), determined on a consolidated basis in accordance with.
Rental Expense means, with respect to the US Borrower and its Subsidiaries for any period, the aggregate fixed amounts payable with respect to Operating Leases of the US Borrower and its Subsidiaries for such period, determined on a Consolidated basis in accordance with GAAP.