Resort EBITDA

Example Definitions of "Resort EBITDA"
Resort EBITDA. Means EBITDA, plus insurance proceeds (up to a maximum of $10,000,000 in the aggregate in any fiscal year) received by the Restricted Companies under policies of business interruption insurance, minus EBITDA related to real estate activities and minus any portion of EBITDA attributable to Unrestricted Subsidiaries other than SSI (to the extent of Borrower's membership interests in SSI).
Resort EBITDA. Means Resort EBITDA means the sum of: (a) EBITDA, plus insurance proceeds (up to a maximum of $10,000,000 in the aggregate in any fiscal year) received by the Restricted Companies under policies of business interruption insurance, minus EBITDA related to real estate activities and minus any portion of EBITDA attributable to Unrestricted Subsidiaries other than SSI (to the extent of Borrower's membership interests in SSI). SSI); plus (b) EBITDA of the Restricted Companies related to real estate... activities in an amount not greater than 10% of the total under paragraph (a) above. 19 View More Arrow
View Variation Arrow
All Definitions