Subtracted Historical Adjustment. For purposes of determining Adjusted EBITDA for determining compliance with Sections 6.11, 6.12 and 6.13 for any period that includes any of the fiscal quarters ended in 2004, Adjusted EBITDA shall be calculated on a quarterly basis in good faith by management of the Borrower in a manner consistent with the calculation in the Offering Memorandum.
Appears in 2 contracts
Samples: Credit Agreement (Hughes Communications, Inc.), Credit Agreement (Skyterra Communications Inc)
Subtracted Historical Adjustment. For purposes of determining Adjusted EBITDA for determining compliance with Sections 6.11, 6.12 and 6.13 for any period that includes any of the fiscal quarters ended in 2004, Adjusted EBITDA shall be calculated on a quarterly basis in good faith by management of the Borrower in a manner consistent with the calculation in the Offering Memorandum.
Appears in 2 contracts
Samples: Credit Agreement (Hughes Communications, Inc.), Second Lien Credit Agreement (Skyterra Communications Inc)
