Addback definition
Examples of Addback in a sentence
Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability for such Taxable Year attributable to the Basis Adjustments, Common Basis (limited, in the case of Subsequently Acquired Assets, to the Common Basis Addback Amount for such Taxable Year), Section 704(c) Items, and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a).
If the Statement Payment Amount determined pursuant to Section 2.3(c) is positive (meaning that the sum of Closing Indebtedness plus the Closing CAL plus the Statement CSL is greater than the amount of Statement Cash Addback), then within ten (10) days after the Closing Statement is finalized Seller shall pay to Buyer an amount in cash equal to the Statement Payment Amount.
In addition, for purposes of calculating the covenant set forth in Section 10.1 (but not the Pricing Ratio), for each fiscal quarter referenced in the table contained in the definition of "BROOKLYN TRANSFER STATION ADDBACK AMOUNT", EBITDA shall include, without duplication, the Brooklyn Transfer Station Addback Amount applicable for such fiscal quarter.
The Preliminary Closing Statement shall set forth the Buyer’s good faith calculation of the actual Company Closing Cash, Company Closing Indebtedness, Company Net Working Capital and Company Transaction Expenses, the Company Specified Addback and the Buyer’s calculation of the corresponding Company Adjustment Amount.
If the Statement Payment Amount determined pursuant to Section 2.3(c) is negative (meaning that the sum of Closing Indebtedness plus the Closing CAL plus the Statement CSL is less than the amount of Statement Cash Addback), then within ten (10) days after the Closing Statement is finalized Buyer shall pay to Seller an amount in cash equal to the absolute value of the Statement Payment Amount.
The maximum permissible amount of each of such non-going forward expense items identified by the Principal Companies for each of such monthly accounting periods and approved by the Administrative Agent is specified in Section 4.1 of the Disclosure Schedule (collectively, “Permitted EBITDA Addback Adjustments”).
Adjusted EBITDA shall mean, with respect to any Person and its Subsidiaries for any test period and without duplication, the sum of EBITDA, plus the New Equity Addback for such test period (to the extent Borrower elects in writing to utilize such New Equity Addback to increase Adjusted EBITDA pursuant to this definition, and without duplication of any portion of such New Equity Addback utilized by Borrowers to decrease unfinanced Capital Expenditures.
If after the Closing Statement Date any amount of Cash Addback arises under clause (iii) of the definition thereof, then Buyer shall within ten (10) days after receipt thereof pay such amount in cash over to Seller (without any reduction or offset).
COMMON STOCK SUBJECT TO PLAN 3 2.1 Common Stock Subject to Plan 3 2.2 Add-back of Grants 3 ARTICLE 3.
By:________________________ Name: Title: ASSOCIATED RODEO RIDERS ON WHEELS By:________________________ Name: Title: SCHEDULE 1 ---------- EBITDA Add-Backs ---------------- Description Amount ----------- ------ Reserve 100% for sale of slow moving inventory $321,495 Increased reserve for advertising receivables $221,626 Increased reserve for magazine returns $161,687 Increased reserve for pension plan $ 65,000 -------- Total Add-back $769,808 Sch.