Consolidated Adjusted EBITDAR

Consolidated Adjusted EBITDAR. Means, for any four fiscal quarter period, for the Parent and its Subsidiaries on a consolidated basis, an amount equal to Adjusted Consolidated Net Income, plus or minus (as indicated) the 1 following, without duplication, to the extent (unless otherwise stated) used or included in the determination of such Adjusted Consolidated Net Income: plus (a) Consolidated Interest Charges, plus (b) Consolidated Rent Expense, plus (c) the amount of taxes, based on or measured by... income, plus (d) the amount of depreciation and amortization expense, plus (e) non-cash, non-recurring charges, minus (f) non-recurring gains, minus (g) undistributed earnings from joint ventures, plus (h) the amount of all reserves (including those for employee severance and lease termination expense) taken with respect to the stores of the Parent and its Subsidiaries actually closed during such period (provided that the total amount of such reserves added under this clause (h) attributable to any single fiscal year cannot exceed $40,000,000) and minus (i) the amount of all cash expenditures during such period made in connection with store closures, including payments in connection with employee severance and monthly lease and termination payments on all closed store locations of the Parent and its Subsidiaries and without regard to whether such cash expenditures were used or included in the determination of Adjusted Consolidated Net Income for such period. View More