Adjusted 1998 EBITDA definition
Adjusted 1998 EBITDA means the amount by which EBITDA for calendar year 1998 exceeds $25,000,000. "EBITDA" shall mean the Company's audited earnings from assets owned or contracted for on the date hereof before expenses
Adjusted 1998 EBITDA means 1998 EBITDA minus (i) the effects of reversing into 1998 income reserves included in the 1997 Balance Sheet, other than the $1.3 million previously disclosed to the Buyer and (ii) the amount by which 1998 Product Development Costs (as defined in the Applicable Accounting Principles) are less than $126 million.
Examples of Adjusted 1998 EBITDA in a sentence
Such amount shall be paid within ten Business Days after the determination of Adjusted 1998 EBITDA.
As used herein "Adjusted 1998 EBITDA" shall mean the amount by which EBITDA for calendar year 1998 exceeds $25,000,000.
If the Buyer disagrees in any respect with any item or amount shown or reflected in the 1998 Income Statement or the EBITDA Adjustment Certificate or with the calculation of the 1998 Net Income or the Adjusted 1998 EBITDA, the Buyer may, on or prior to the last day of the EBITDA Review Period, deliver a written notice to the Seller setting forth in reasonable detail each disputed item or amount and the basis for the Buyer's disagreement therewith (the "EBITDA Dispute Notice").