Original Consolidated Adjusted Leverage Ratio
Original Consolidated Adjusted Leverage Ratio. Shall mean, at any date, for Parent and its Consolidated Subsidiaries determined on a consolidated basis, the ratio of the sum of (i) Debt (excluding reimbursement obligations in connection with any undrawn letters of credit to the extent included in Debt) and (ii) Rent Expense for the Trailing Four Quarter Period ending on such date multiplied by eight (8) to Consolidated EBITDAR for the Trailing Four Quarter Period ending on such date.
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Ventas Inc contract