Adjusted Annualized EBITDA definition

Adjusted Annualized EBITDA means the Company’s earnings before interest, taxes, depreciation and amortization, excluding unconsolidated entities and including adjustments for stock-based compensation expense, provision for loan losses, gains/losses on extinguishment of debt, gains/losses/impairments on properties, gains/losses on derivatives and financial instruments, other expenses, and additional other income for the three month period beginning on October 1, 2024 and ending on December 31, 2024, and then expressed on an annualized basis.
Sample 1
Adjusted Annualized EBITDA means, as of any date, an annualized amount determined by multiplying four (4) times the Consolidated Net Income for the most recent fiscal quarter of the Borrower for which financial results have been reported, as adjusted by (i) deducting therefrom any income attributable to Excluded Tenants; (ii) adding or deducting for, as appropriate, any adjustment made under GAAP for straight lining of rents, gains or losses from sales of assets, extraordinary items, depreciation, amortization, interest expenses, taxes and the Consolidated Group Pro Rata Share of interest, taxes, depreciation and amortization in Investment Affiliates; (iii) deducting therefrom an annual amount for capital expenditures equal to (a) $0.15 per gross leasable square foot times the weighted quarterly average gross leaseable area of retail Projects (which includes mixed-use Projects that are primarily retail) owned by the Consolidated Group during such fiscal quarter and (b) $0.25 per net rentable area of all other Projects owned by the Consolidated Group during such fiscal quarter; (iv) adding back all master lease income (not to exceed 5% of Consolidated Net Income); and (v) adding back the actual advisory fee paid to the Advisor that was deducted in determining Consolidated Net Income and deducting an assumed asset management fee and Borrower level expenses equal to 4.5% of aggregate Net Operating Income from all Projects, provided that if the Advisor is acquired by or merged into the Borrower, beginning with the second full fiscal quarter after such acquisition and for each fiscal quarter thereafter no further adjustments under this clause (v) will be made and Adjusted Annualized EBITDA will be calculated using the Borrower’s actual general and administrative expenses.
Sample 1Sample 2
Adjusted Annualized EBITDA means the Parent Member’s earnings before interest, taxes, depreciation and amortization, excluding unconsolidated entities and including adjustments for stock-based compensation expense, provision for loan losses, gains/losses on extinguishment of debt, gains/losses/impairments on properties, gains/losses on derivatives and financial instruments, other expenses, and additional other income for the three month period beginning on October 1, 20XX and ending on December 31, 20XX, and then expressed on an annualized basis.
Sample 1Sample 2

Examples of Adjusted Annualized EBITDA in a sentence

  • Accordingly, ARCP believes it is useful for investors to review net income (a GAAP measure) and EBITDA and Adjusted Annualized EBITDA (together, non - GAAP measures) together in order to (a) understand and evaluate current operating performance and future prospects in the same manner as management does through this non - GAAP measure and (b) understand the adjustments made to net income, which is a GAAP measure, to arrive at these non - GAAP measures .

  • EBITDA and Adjusted Annualized EBITDA are not calculated in accordance with GAAP .

  • EBITDA and Adjusted Annualized EBITDA, as calculated by ARCP, may not be comparable to similarly titled measures of other companies .

  • Neither EBITDA nor Adjusted Annualized EBITDA should be considered in isolation of, or as a substitute for, net income or operating income as indicators of operating performance .

  • Our net covenant leverage, as calculated under the 2020 Amended Senior Credit Facility, differs from our net total leverage as it excludes (i) lease-related liabilities, (ii) any vendor financing-related short-term liabilities and includes (iii) the Credit Facility Excluded Amount (which is the greater of €400.0 million and 0.25x Consolidated Adjusted Annualized EBITDA).

  • Our net covenant leverage, as calculated under the 2020 Amended Senior Credit Facility, differs from our net total leverage as it excludes (i) any vendor financing-related short-term liabilities, (ii) any liabilities related to the mobile spectrum licenses, yet includes (iii) the Credit Facility Excluded Amount (which is the greater of €400.0 million and 0.25x Consolidated Adjusted Annualized EBITDA) and (iv) divides Net Total Debt by the last two quarter's annualized EBITDA.

  • The Seller and the Purchaser shall have agreed on the Adjusted Annualized EBITDA Schedule.

  • Our net covenant leverage, as calculated under the 2020 Amended Senior Credit Facility, differs from our net total leverage as it excludes (i) any vendor financing-related short-term liabilities and includes (ii) the Credit Facility Excluded Amount (which is the greater of €400.0 million and 0.25x Consolidated Adjusted Annualized EBITDA).

  • The Adjusted Annualized EBITDA of the Seller for the three consecutive months most recently ended prior to the Closing shall be no less than $3,519,000.

  • The aggregate amount of the Merger Financing cannot exceed an amount equal to 4.00 times the Company’s consolidated Adjusted Annualized EBITDA (as defined in the Merger Commitment Letter) for the most recently ended 13 accounting periods of the Company.


More Definitions of Adjusted Annualized EBITDA

Adjusted Annualized EBITDA means, as of any date, an annualized amount equal to the sum of (i) the Adjusted Annualized NOI attributable to all Projects owned by Borrower or another member of the Consolidated Group during the most recent fiscal quarter of Borrower for which financial results have been reported, plus (ii) the Consolidated Group Pro Rata Share of the Adjusted Annualized NOI attributable to all Projects owned by an Investment Affiliate during the most recent fiscal quarter of Borrower for which financial results have been reported as adjusted by, without duplication (a) deducting any income attributable to Excluded Tenants; (b) adding interest and dividend income (or the Consolidated Group Pro Rata Share of such items in the case of interest and dividend income of Investment Affiliates) for such fiscal quarter multiplied by four (4); and (c) deducting an amount on account of general and administrative expenses of the Consolidated Group for such fiscal quarter multiplied by four (4).
Sample 1
Adjusted Annualized EBITDA means, with respect to any fiscal period, Annualized EBITDA for that fiscal period PLUS (a) any Cash Equity Contributions (OTHER THAN Cash Equity Contributions required pursuant to the Completion Guaranty or which are a Qualified Capital Source) made to Borrower during that fiscal period PLUS (b) any Supplemental Loans made to Borrower pursuant to Section 2.01(a) of the Supplemental Loan Agreement during that fiscal period.
Sample 1
Adjusted Annualized EBITDA means, as of any date, an annualized amount equal to the sum of (i) the Adjusted Annualized NOI attributable to all Projects owned by Borrower or another member of the Consolidated Group during the most recent fiscal quarter of Borrower for which financial results have been reported, plus (ii) the Consolidated Group Pro Rata Share of the Adjusted Annualized NOI attributable to all Projects owned by an Investment Affiliate during the most recent fiscal quarter of Borrower for which financial results have been reported as adjusted by, without duplication (i) adding interest and dividend income (or the Consolidated Group Pro Rata Share of such items in the case of interest and dividend income of Investment Affiliates) for such fiscal quarter multiplied by four (4); and (ii) deducting an amount on account of general and administrative expenses of the Consolidated Group for such fiscal quarter multiplied by four (4), using either (A) actual general and administrative expenses for such quarter, or (B) for the first period of four (4) full fiscal quarters after the Agreement Execution Date, the lesser of such actual and general administrative expenses or six percent (6%) of the gross revenues of the Consolidated Group for such fiscal quarter.
Sample 1
Adjusted Annualized EBITDA means the EBITDA of the Seller for the three consecutive months most recently ended prior to the Closing, calculated and annualized in accordance with the Adjusted Annualized EBITDA Schedule, provided that the Purchaser’s calculation of Adjusted Annualized EBITDA will be final and conclusive absent manifest mathematical error.
Sample 1

Related to Adjusted Annualized EBITDA

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.

  • Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Consolidated Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • EBITDAR means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the sum of the amounts for such period, without duplication, of (i) EBITDA and (ii) Rentals.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.