NRF Consolidated Adjusted EBITDA Clause Samples

The 'NRF Consolidated Adjusted EBITDA' clause defines how the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are calculated for the NRF entity on a consolidated basis. This typically involves specifying which revenues and expenses are included or excluded from the calculation, such as removing non-recurring items or certain extraordinary gains and losses, and aggregating the results across all subsidiaries. By standardizing the method for determining adjusted EBITDA, the clause ensures consistency and comparability in financial reporting, which is crucial for assessing financial performance, meeting covenants, or determining eligibility for certain transactions.
NRF Consolidated Adjusted EBITDA. NRF shall not permit Consolidated Adjusted EBITDA as at the end of any testing period, beginning with the one (1) month ending July 31, 2007, for the applicable period then ended to be less than the correlative amount indicated: 1 month ending July 31, 2007 $820,000 2 months ending August 31, 2007 $1,650,000 3 months ending September 30, 2007 $2,250,000 4 months ending October 31, 2007 $2,650,000 5 months November 30, 2007 $3,125,000 12 months ending December 31, 2007 $4,590,000 12 months ending March 31, 2008 $4,840,000 12 months ending June 30, 2008 $5,090,000 12 months ending September 30, 2008 $5,340,000 12 months ending December 31, 2008 $5,590,000 12 months ending March 31, 2009 $5,840,000 12 months ending June 30, 2009 $6,090,000 12 months ending September 30, 2009 $6,340,000 12 months ending December 31, 2009 $6,590,000 12 months ending March 31, 2010 $6,840,000 12 months ending June 30, 2010 $7,000,000 12 months ending September 30, 2010 $7,000,000 December 31, 2010 $7,000,000 March 31, 2011 $7,000,000 June 30, 2011 $7,000,000 September 30, 2011 $7,000,000 December 31, 2011 $7,000,000 March 31, 2012 $7,000,000 June 30, 2012 $7,000,000
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Related to NRF Consolidated Adjusted EBITDA

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of Borrower and its Subsidiaries for such period determined on a Consolidated basis.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.