Adjusted EBITDA Sample Clauses
The Adjusted EBITDA clause defines how a company's earnings before interest, taxes, depreciation, and amortization are calculated, with specific adjustments for certain non-recurring, non-cash, or extraordinary items. In practice, this clause outlines which expenses or incomes are to be excluded or included in the EBITDA calculation, such as restructuring costs, stock-based compensation, or one-time legal settlements. Its core function is to provide a standardized and transparent measure of a company's operating performance, ensuring that both parties have a clear and agreed-upon basis for financial analysis, covenants, or valuation purposes.
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Adjusted EBITDA. On any date of determination, the sum of (1) the EBITDA for the two prior fiscal quarters most recently ended, annualized, less (b) the Capital Reserve.
Adjusted EBITDA. On any date of determination, with respect to any Stabilized Property owned by Parent Borrower or any of its Subsidiaries, the sum of (a) EBITDA for the prior fiscal quarter most recently ended, multiplied by four (4), less (b) the Capital Reserve.
Adjusted EBITDA. Subject to subsection (c) below, maintain, to be tested as of the last day of each quarter, Adjusted EBITDA of at least (i) ($1,300,000) for the quarter ending September 30, 2010, (ii) $1,700,000 for the quarter ending December 31, 2010, (iii) ($4,800,000) for the quarter ending March 31, 2011, (iv) ($1,000,000) for the quarter ending June 30, 2011, (v) $750,000 for the quarter ending September 30, 2011, (vi) ($3,000,000) for the quarter ending September 30, 2012, (vii) $4,000,000 for the quarter ending December 31, 2012, (viii) ($3,000,000) for the quarter ending September 30, 2013 and (ix) $11,000,000 for the quarter ending December 31, 2013. With respect to the quarter ending on March 31, 2014 and each quarter thereafter, the Adjusted EBITDA covenant levels will be established by mutual agreement of Borrower and Bank based upon the Borrower’s board-approved projections and budget. With respect thereto:
(i) the failure of Bank and Borrower to mutually agree in writing (which agreement shall be set forth in a written amendment to this Agreement), no later than January 31, 2014, to any such covenant levels proposed by Bank in good faith and in accordance with Borrower’s board-approved projections and budget with respect to calendar year 2014 shall result in an immediate Event of Default for which there shall be no grace or cure period; and
(ii) the failure of Bank and Borrower to mutually agree in writing (which agreement shall be set forth in a written amendment to this Agreement), no later than January 31, 2015, to any such covenant levels proposed by Bank in good faith and in accordance with Borrower’s board-approved projections and budget with respect to calendar year 2015 shall result in an immediate Event of Default for which there shall be no grace or cure period.”
Adjusted EBITDA. The adjustments to calculate Adjusted EBITDA, as set forth in the documents incorporated by reference in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus comply with Item 10(e) of Regulation S-K of the Commission and the interpretations of the Staff of the Commission thereunder.
Adjusted EBITDA. The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.
Adjusted EBITDA. EBITDA (with adjustments mutually acceptable by Agent and Administrative Borrower) (“Adjusted EBITDA”), for the 12 month period ending December 31, 2014 shall not be less than $60,000,000.
Adjusted EBITDA. Tested as of the last day of each fiscal quarter of Borrower, an Adjusted EBITDA of at least the following amounts (or in the case of a negative, not more negative than the following negative amounts) at the following times:
Adjusted EBITDA. The Audit Committee of the Board will determine the Company’s adjusted EBITDA after reviewing the Company’s audited financial statements for the applicable year. As a general matter, adjusted EBITDA will exclude the impact of equity puts by partnership parks, acquisitions and dispositions and other one-time or extraordinary events. Form · Form. 100% of the value of the Project 350 Award will be granted in the form of restricted stock units.
Adjusted EBITDA. The Company’s Adjusted EBITDA for the Performance Period will determine the extent to which 30% of the target number of Performance Units are earned. Below Threshold Performance 0 % Threshold Performance 40 % Target Performance 100 % Maximum Performance or Above 200 % The percentage of target Performance Units earned for Adjusted EBITDA between Threshold Performance (40%) and Maximum Performance (200%) will be determined by linear interpolation.
Adjusted EBITDA. Borrower's maximum Adjusted EBITDA loss for the trailing three month periods ending on the dates set forth below shall not exceed the amount set forth below: September 30, 2017 $ (120,000 ) October 31, 2017 $ (120,000 ) November 30, 2017 $ (50,000 ) December 31, 2017 $ (50,000 ) January 31, 2018 $ (70,000 ) February 28, 2018 $ (126,000 ) March 31, 2018 $ (126,000 ) April 31, 2018 $ (86,000 )