Neiman Marcus 2003 Annual Report Download - page 209

"Consolidated EBITDAR" means, for any fiscal period, Consolidated Adjusted Net Income for such period plus, to the extent
deducted in determining Consolidated Adjusted Net Income for such period, the aggregate amount of (i) Consolidated Fixed Charges,
(ii) taxes based on or measured by income and (iii) depreciation, amortization and other similar non-cash charges.
"Consolidated Fixed Charges" means for any period, the sum of Consolidated Adjusted Interest Expense and Consolidated
Rental Expense for such period.
"Consolidated Net Assets" means, at any date, the consolidated assets of the Borrower and its Consolidated Subsidiaries less the
sum of (i) the consolidated current liabilities of the Borrower and its Consolidated Subsidiaries and (ii) all other liabilities, other than
liabilities for Debt representing obligations for borrowed money of the Borrower and its Consolidated Subsidiaries and liabilities for
deferred taxes of the Borrower and its Consolidated Subsidiaries, which would be required to be shown as liabilities on a consolidated
balance sheet of the Borrower and its Consolidated Subsidiaries, all determined as of such date.
"Consolidated Net Worth" means at any date the consolidated stockholders equity of the Borrower and its Consolidated
Subsidiaries (plus, to the extent not otherwise reflected therein, redeemable preferred stock of the Borrower), all determined as of such
date.
"Consolidated Rental Expense" means, for any period, the Rental Expense of the Borrower and its Consolidated Subsidiaries for
such period, determined on a consolidated basis.
"Consolidated Subsidiary" means at any date any Subsidiary or other entity the accounts of which would be consolidated with
those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.
"Continuing Directors" means (i) the members of the Board of Directors of the Borrower on the date hereof and (ii) future
members of such Board of Directors who were nominated or appointed by a majority of the Continuing Directors at the date of their
nomination or appointment.
"Credit Exposure" means, with respect to any Lender at any time, (i) the amount of its Commitment (whether used or unused)
at such time or (ii) if the Commitments have terminated in their entirety, the sum of the aggregate outstanding principal amount of its
Loans at such time plus the aggregate amount of its Letter of Credit Liabilities at such time.
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