Definition of Consolidated EBITDA. The definition of "Consolidated EBITDA" in Section 1.01 of the Existing Agreement shall be amended by (x) deleting the proviso at the end thereof in its entirety and (y) substituting the following therefor: "provided that the Borrower may add back to Consolidated EBITDA any non-cash charges incurred in connection with plant closings, restructurings and downsizings which do not exceed $30,000,000 in the aggregate and any non-cash charges relating to the carrying value of goodwill or deferred tax assets.".
Appears in 2 contracts
Sources: Five Year Credit Agreement (Ironton Iron Inc), Five Year Credit Agreement (Intermet Corp)