Common use of EBITDA Adjustment Event Clause in Contracts

EBITDA Adjustment Event. Notwithstanding any other provision of this Section 7.3(b) to the contrary, in the event that ATS or any of its Affiliates acquires another printer business that ATS, Buyer and Selling Shareholders agree to consolidate with the Business (an "EBITDA Adjustment Event"), ATS, Buyer and Selling Shareholders shall mutually agree in writing in advance on an adjustment to the Target Amount and in the calculation of EBITDA to be used from and after the date of such EBITDA Adjustment Event in order to reflect the additional revenue resulting from such EBITDA Adjustment Event.

Appears in 1 contract

Sources: Asset Purchase Agreement (American Tonerserv Corp.)

EBITDA Adjustment Event. Notwithstanding any other provision of this Section 7.3(b) 7.4 to the contrary, in the event that ATS or any of its Affiliates acquires another printer business that ATS, Buyer and Selling Shareholders Members agree to consolidate with the Printer Business (an "EBITDA Adjustment Event"), ATS, Buyer and Selling Shareholders Members shall mutually agree in writing in advance on an adjustment to the Target Amount and in the calculation of EBITDA to be used from and after the date of such EBITDA Adjustment Event in order to reflect the additional revenue resulting from such EBITDA Adjustment Event.

Appears in 1 contract

Sources: Asset Purchase Agreement (American Tonerserv Corp.)