EBITDA Definition Sample Clauses
The EBITDA Definition clause establishes how Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is calculated for the purposes of the agreement. It typically outlines which items are included or excluded from the calculation, such as adjustments for non-recurring expenses, extraordinary items, or specific accounting treatments. By providing a clear and agreed-upon method for determining EBITDA, this clause ensures consistency and prevents disputes over financial metrics that may impact covenants, pricing, or performance targets in the contract.
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EBITDA Definition. For purposes of this Agreement, “EBITDA” shall mean the Company’s earnings before interest, taxes, depreciation and amortization for a fiscal year as determined by the Committee, and as adjusted to exclude the impact of any extraordinary items as deemed appropriate by the Committee.
EBITDA Definition. The definition of “EBITDA” contained in the Definition Schedule to the Credit Agreement is hereby deleted in its entirety and replaced with the following
EBITDA Definition. The following sentence shall be added as the last sentence of the defined term “EBITDA” in Section 8.13. “EBITDA will be calculated using the same assumptions and adjustments (to the extent applicable) and the same guidance used to calculate the stated EBITDA of the Company ($7.12 million) for the year ended December 31, 2009 pursuant to Great Point Partners I, L.P.’s “quality of earnings” analysis.”
EBITDA Definition. The Loan Agreement is hereby further amended by adding, in appropriate alphabetical order, a new definition of "EBITDA" to read as follows: "EBITDA" is, for any period of determination thereof, net income before interest, taxes, depreciation, amortization expense and non-cash compensation expense, all as determined in accordance with GAAP.
EBITDA Definition. The definition of EBITDA in the Agreement shall be amended and restated to read in its entirely as follows:
EBITDA Definition. The definition of "EBITDA" set forth in Section 1.1 is hereby deleted in its entirety and the following new section is inserted in its place (with the revised portions thereof being underlined in bold below):
EBITDA Definition. The definition "EBITDA" set forth in Section 1.1 of the Credit Amendment is amended by deleting the same in its entirety and inserting in lieu thereof the following:
EBITDA Definition. (1) The third sentence in the definition of "EBITDA" in Section 1.01 of the Credit Agreement is hereby amended by deleting the "and" at the end of paragraph (D) thereof, by substituting a semicolon for the period at the end of paragraph (E) thereof and by adding the following paragraphs (F), (G), (H) and (I) thereto:
EBITDA Definition. For purposes of this Agreement, the phrase “EBITDA” shall mean earnings as reported by the Company before interest, taxes, depreciation and amortization. In connection with the EBITDA Based Bonus, EBITDA shall be solely derived from the operation of the Hospital Services segment and IPA management segment, excluding allocations of expenses paid directly by Company, other than such expenses as Company and Executive, in their reasonable good faith judgment, agree are being paid by Company for the benefit of the reporting segments.