EBITDA Reconciliation Clause Samples

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EBITDA Reconciliation. The reasonably detailed calculations with respect to the calculation of the Consolidated EBITDA for the [Fiscal Year/Fiscal Quarter] ending are attached hereto as Appendix IV (such calculation to use as a starting point the Consolidated Net Income of the Parent reported on its most recent SEC Form 10K or 10Q, as applicable). 2 Include only clause (a) or (b), as then applicable.
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EBITDA Reconciliation. The following table shows reconciliations of net income, as reflected in the consolidated statements of operations, to EBITDA: Net income $84,652 $128,364 Provision/(credit) for federal income taxes 5,752 (5,230) Interest expense 13,168 22,607 Depreciation and amortization 42,483 34,354 EBITDA $146,055 $180,095 The following table presents information with respect to OSG's capital expenditures for the three months ended March 31, 2007 and 2006. Expenditures for vessels $57,673 $4,957 Investments in and advances to affiliated companies 25,869 - Payments for drydockings 7,838 8,619 Appendix 4 - 2007 TCE Rates The Company has achieved the following average estimated TCE rates for the percentage of days booked for vessels operating through April 13, 2007. The information is based, in part, on information provided by the pools or commercial joint ventures in which the vessels participate. All numbers provided are estimates and may be adjusted for a number of reasons, including the timing of any vessel acquisitions or disposals and the timing and length of drydocks and repairs. VLCC - Spot $63,500 610 936 1,546 39% Aframax - Spot $41,500 139 864 1,003 14% Aframax - Time $27,500 333 - 333 100% Panamax - Spot $29,000 51 327 378 13% Panamax - Time $26,500 523 - 523 100% Panamax - Time $19,000 178 - 178 100% Handysize - Spot $32,000 293 409 702 42% Handysize - Time $19,000 1,807 - 1,807 100% Product Carrier $39,000 413 133 546 76% ATB and Lightering Vessels $27,000 417 447 864 48%
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EBITDA Reconciliation. The following table reconciles segment adjusted EBITDA to net income attributable to PAA (in millions): Segment adjusted EBITDA $ 2,081 $ 2,167 $ 2,212 Adjustments (1): Depreciation and amortization of unconsolidated entities (2) (45) (50) (45) Gains/(losses) from derivative activities net of inventory valuation adjustments (3) 46 (404) (110) Long-term inventory costing adjustments (4) 24 58 (99) Deficiencies under minimum volume commitments, net (5) (2) (46) — Equity-indexed compensation expense (6) (23) (33) (27) Net gain/(loss) on foreign currency revaluation (7) 26 (9) 29 Line 901 incident (8) (32) — (83) Significant acquisition-related expenses (9) (6) — — Depreciation and amortization (626) (494) (432) Interest expense, net (510) (467) (432) Other income/(expense), net (31) 33 (7) Income before tax 902 755 1,006 Income tax expense (44) (25) (100) Net income 858 730 906 Net income attributable to noncontrolling interests (2) (4) (3) Net income attributable to PAA $ 856 $ 726 $ 903
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EBITDA Reconciliation. The following table reconciles Segment Adjusted EBITDA to Net income attributable to PAGP (in millions): Segment Adjusted EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,230 $ 2,681 $2,081 Adjustments(1): Gains/(losses) from derivative activities net of inventory valuation adjustments(3) . . . . . . . . . . . . . . . . . . . . . . . . . . (160) 519 46 Long-term inventory costing adjustments(4) . . . . . . . . . . . . . . 20 (21) 24 Net gain/(loss) on foreign currency revaluation(7) . . . . . . . . . . (14) (3) 26 Unallocated general and administrative expenses . . . . . . . . . . . . (5) (4) (4) Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . (604) (521) (519)
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EBITDA Reconciliation. Below is a reconciliation of Gentiva and Healthfield’s net income to adjusted EBITDA for the last twelve months ended September 30, 2005. The reconciliation is pro forma for the Merger, but not the financing transaction. ($ in millions) Gentiva Healthfield(1) Pro Forma Net income $ 23.9 $ 17.0 $ 40.9 Provision for income taxes 5.8 10.9 16.7 Interest (income) expense, net (1.7 ) 13.0 11.3 Depreciation and amortization 7.8 6.4 14.2 EBITDA (2) $ 35.8 $ 47.3 $ 83.1 Non-recurring expenses (0.3 ) 2.4 2.1 Adjusted EBITDA (2) $ 35.5 $ 49.7 $ 85.2 (1) Pro forma for a full twelve month contribution of Capital Health and certain other companies that were acquired during the period.
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Related to EBITDA Reconciliation

  • Annual Reconciliation At the end of each Expense Year or as soon as practicable following the end of each Expense Year, Landlord shall deliver to Tenant a statement (the “Annual Reconciliation”) of: (a) the actual annual Operating Expenses and Tenant’s Percentage of Operating Expenses for the preceding year, and (b) the actual annual Real Property Taxes and Tenant’s Percentage of Real Property Taxes for the preceding year. If for any year, the sum of Tenant’s Percentage of Operating Expenses and Tenant’s Percentage of Real Property Taxes (as specified in the Annual Reconciliation) is less than the total amount of the estimated payments made by Tenant under Section 6.3.1 above for such year, then any such overpayment, or overpayments, shall be credited toward the monthly Rent next falling due after determination by Landlord of such overpayment, or overpayments (or if the Term shall have expired or terminated, shall be refunded to Tenant in a lump sum payment within thirty (30) days following the Tenant’s receipt of such Annual Reconciliation). Similarly, if for any year, the sum of Tenant’s Percentage of Operating Expenses and Tenant’s Percentage of Real Property Taxes (as specified in the Annual Reconciliation) is more than the total amount of the estimated payments made by Tenant under Section 6.3.1 above for such year, then any such underpayment, or underpayments, shall be paid by Tenant to Landlord concurrently with the next regular monthly Basic Rent payment coming due after Tenant’s receipt of the Annual Reconciliation (or if the Term shall have expired or terminated, within thirty (30) days following the Tenant’s receipt of such Annual Reconciliation).

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

  • Reconciliation In the event that the Corporate Taxpayer and a Member are unable to resolve a disagreement with respect to the matters governed by Sections 2.03, 3.01(b), 4.02 and 6.02 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and such Member agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or such Member or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer, except as provided in the next sentence. The Corporate Taxpayer and such Member shall bear their own costs and expenses of such proceeding, unless (i) the Expert substantially adopts such Member’s position, in which case the Corporate Taxpayer shall reimburse such Member for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert substantially adopts the Corporate Taxpayer’s position, in which case such Member shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.09 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be binding on the Corporate Taxpayer and such Member and may be entered and enforced in any court having jurisdiction.

  • Contract Reconciliation Grantee, within 45 calendar days after the end of each fiscal term year, will submit to the System Agency email box, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇.▇▇, financial and reconciliation reports required by System Agency in forms as determined by System Agency.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.