For purposes of calculating the Consolidated Interest Coverage Ratio, Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio and Consolidated Total Leverage Ratio, Specified Transactions that have been made by the Borrower or any Restricted Subsidiary during the Test Period or subsequent to such Test Period and on or prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis assuming that all such Specified Transactions (and any associated change in interest expense obligations and/or Consolidated EBITDA resulting therefrom) had occurred on the first day of the Test Period. If, since the beginning of the applicable Test Period, any Person (that subsequently became a Restricted Subsidiary or was merged, consolidated or amalgamated with or into the Borrower or any Restricted Subsidiary since the beginning of the applicable Test Period) shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.3, then the Consolidated Interest Coverage Ratio, Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio and the Consolidated Total Leverage Ratio shall be calculated giving Pro Forma Effect thereto for such Test Period as if such Specified Transaction had occurred at the beginning of such Test Period.

Section #(c) – Consolidated Leverage Ratio

“Consolidated Net Leverage Ratio” means, as of any date of determination, the ratio of

(b) Consolidated SeniorTotal Leverage Ratio. Permit the Consolidated SeniorTotal Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the ​ set forth below to be greater than the ratio set forth below opposite such period:

SECTION # Consolidated Lease Adjusted Leverage to EBITDAR Ratio

determining compliance with any provision of this Agreement which requires the calculation of the Consolidated Interest Coverage Ratio, or the Consolidated Total Leverage Ratio;

“Consolidated Cash Flow Leverage Ratio” shall mean, at any time, the ratio of # Consolidated Indebtedness minus the principal amount of Permitted Subordinated Debt at such time to # Consolidated EBITDA.

“Consolidated Total Leverage Ratio”: as of any date of determination thereof, the ratio of # Consolidated Funded Debt on such day to # Consolidated EBITDA for the Test Period most recently ended.

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Parent Borrower to be less than 2.5 to 1.0.

Minimum Consolidated Current Ratio. Permit the Consolidated Current Ratio as of the end of any fiscal quarter of the Borrower, beginning with the fiscal quarter ending December 31, 2017, to be less than 2.00:1.00.