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