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This excerpt taken from the WEN 8-K filed Mar 12, 2009. Consolidated EBITDAR” means, with respect to any Person for any period, the sum of (a) the Consolidated EBITDA of such Person, plus (b) Consolidated Rental Expense of such Person for such period, all as determined in accordance with GAAP. Notwithstanding anything in the
foregoing to the contrary, it is agreed that the Consolidated EBITDAR for Arby’s Opco Borrower for the Fiscal Quarters ended January 2, 2005, April 3, 2005, and July 3, 2005 is $60,267,000, $58,015,000 and $64,893,000, respectively.
“ This excerpt taken from the WEN 8-K filed Jan 16, 2009. Consolidated
EBITDAR” means, with reference to any period, Income from Continuing
Operations plus
(a) to the extent deducted from revenues in determining Income from Continuing
Operations during such period, (i) Consolidated Interest Expense, (ii) expense
for taxes paid or accrued, (iii) depreciation, (iv) amortization, (v)
Consolidated Rental Expense and (vi) extraordinary, nonrecurring charges,
expenses and losses incurred during such period (including fees, expenses and
charges paid or incurred in connection with any Permitted Acquisitions to the
extent such fees, expenses and charges are reasonable, as determined by the
Agent in its reasonable discretion), (vii) all other non-cash charges, expenses
and losses (including the amount of any impairment charges or any compensation
deduction for any Compensatory Award), (viii) without duplication of clause
(vi), fees, expenses and charges paid or incurred in connection with the
consummation of the Triarc Acquisition and the closing of this Agreement but
only up to an aggregate amount equal to $85,000,000 in 2008 and 2009 and (ix)
without duplication of clause (vii), non-cash stock compensation in connection
with the
consummation of the Triarc Acquisition
but only up to an aggregate amount equal to $27,000,000 minus
(b) to the extent added to revenues in determining Income from Continuing
Operations during such period, (i) extraordinary, nonrecurring gains incurred
during such period and (ii) all other non-cash income, in the case of clauses
(a) and (b),
all calculated for the Borrower and its Restricted Subsidiaries on a
consolidated basis in accordance with Agreement Accounting
Principles.
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