Common use of Calculation of EBITDA Clause in Contracts

Calculation of EBITDA. For purposes of lines 1(a) and 2(b) above, and line 4(b) below, Consolidated EBITDA is calculated as follows: (a) Consolidated Net Income $____________ (b) plus Consolidated Interest Expense $____________ (c) plus federal, state and local taxes $____________ (d) plus depreciation, amortization and other non-cash charges $____________ (e) plus or minus extraordinary gains or losses $____________ (f) plus or minus discontinued operations gains or losses $____________ (g) plus or minus gains or losses from asset sales $____________ (h) plus or minus non-cash adjustments to stock investments $____________ (i) total adjustments (sum of lines 3(b) through 3(h)) $____________ (j) Consolidated EBITDA (line 3(a) plus line 3(i)) $____________