EBITDAR Coverage Ratio definition

EBITDAR Coverage Ratio has the meaning set forth in Section 4.9(b).

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EBITDAR Coverage Ratio means the ratio of (a) Borrower's earnings ---------------------- before interest, taxes, depreciation, amortization and rentals to (b) the sum of Borrower's interest, rentals and current maturities of long term debt; all determined on a rolling four fiscal quarter basis in accordance with generally accepted accounting principles consistently applied.

EBITDAR Coverage Ratio. “Non-cash MSR”, “Pro Forma Basis”, and “Total Funded Debt” in their entirety. 2.

Examples of EBITDAR Coverage Ratio in a sentence

The "EBITDAR Coverage Ratio" means the ratio described on Schedule 1.
Commencing as of the last day of the first Fiscal Quarter of Fiscal Year 2022, and in each case continuing on the last day of each Fiscal Quarter ending thereafter, the Minimum EBITDAR Coverage Ratio shall not be less than 1.15 to 1.0.
Administrative Agent and Lenders hereby waive any Default by Borrower occasioned by Borrower’s failure to meet the EBITDAR Coverage Ratio and the Leverage Ratio prior to the Calculation Start Date.
Borrower’s EBITDAR Coverage Ratio shall at all times equal or exceed 1.40 to 1.00 except, in the event that the Texas Fuel Ethanol and Biodiesel Production Incentive Program is terminated, then (i) for the fiscal quarter during which such termination occurred and the next succeeding two fiscal quarters thereafter, 1.30 to 1.00 and (ii) thereafter 1.40 to 1.00.
If at the end of the third Lease Year, Tenant is not in compliance with the EBITDAR Coverage Ratio, then the Liability Termination Date shall be automatically extended, without the necessity for any further action, to the end of the fourth Lease Year.

EBITDAR Coverage Ratio shall be equal to 1.2 times and will be calculated as the ratio of EBITDAR(1) to interest expense(2) plus rent expense(3) for the most recently ended four fiscal quarter periods, as set forth in Tenant's financial statements prepared in accordance with GAAP.

EBITDAR Coverage Ratio is amended by deleting “all as determined on a trailing 12-month basis in accordance with GAAP” and substituting in its place the following: “all as determined in accordance with GAAP (a) for the period beginning the Calculation Start Date through and including the Calculation Start Date Anniversary on an annualized basis and (b) thereafter on a trailing 12-month basis. Notwithstanding anything to the contrary in this Agreement, any debt of Borrower owed to a unit holder of Borrower with respect to the ▇▇▇ Subordinated Debt, the New ▇▇▇ Subordinated Debt, or the New FEL Subordinated Debt (except interest paid on the New FEL Subordinated Debt revolving line of credit shall be included) shall not be taken into account when calculating this ratio”.

EBITDAR Coverage Ratio means the ratio of (a) EBITDAR of Borrower to (b) the sum of Borrower’s (i) interest (including payments in the nature of interest under capital leases), plus (ii) current maturities of long-term Funded Debt, plus (iii) rent under operating leases; all as determined on a trailing 12-month basis in accordance with GAAP.

EBITDAR Coverage Ratio means the ratio described on Schedule 1.

Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.
Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.
Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1
Debt Coverage Ratio means the ratio of Consolidated Indebtedness to Consolidated EBITDA.
Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.