Restaurant EBITDAR definition

Restaurant EBITDAR means the earnings before interest, taxes, depreciation, amortization, and rent/real property costs for the Covered Restaurants. EBITDAR is a measure of store-level cash flow that is commonly used in the restaurant industry. As is customary, it excludes expenses related to the acquisition or lease of real property (including all payments made under the real property leases for the Covered Restaurants), as well as all debt service costs, whether principal or interest. You should not interpret Restaurant EBITDAR as the amount of profit that the Covered Restaurants generate or that you are likely to generate from operating an Arby’s Restaurant because EBITDAR does not account for all costs and expenses that an Arby’s Restaurant will incur. In addition to the costs and expenses described above in this FPR as being excluded from the Restaurant EBITDAR calculation, this FPR does not include any amounts for the development fees and initial franchise fees that licensees pay us under the License Agreement or any compensation to the licensee’s owners.
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Related to Restaurant EBITDAR

  • EBITDAR means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the sum of the amounts for such period, without duplication, of (i) EBITDA and (ii) Rentals.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”