Common use of EBIDA Clause in Contracts

EBIDA. For any period, Net Income of Borrower for such period, plus, without duplication and to the extent deducted in calculating Net Income for such period, the sum of (a) Interest Expense for such period, (b) the amount of depreciation and amortization expense deducted in determining Net Income, (c) any extraordinary or non-recurring items reducing Net Income for such period, (d) losses on the sale of securities, and (e) any non-cash items reducing Net Income for such period, minus (i) gains on the sale of any securities, (ii) any extraordinary or non-recurring items increasing Net Income for such period and (iii) any non-cash items increasing Net Income for such period.