Adjusted Combined EBITDA definition

Adjusted Combined EBITDA means an amount equal to (i) Combined EBITDA for any period, MINUS (ii) Recurring Land Sales of the Borrower and its wholly owned subsidiaries for the same period as Combined EBITDA is measured, MINUS (iii) the portion of Recurring Land Sales of Minority Holdings allocable to the Borrower for the same period as Combined EBITDA is measured, MINUS (iv) Service Revenues of the Borrower and its wholly owned subsidiaries for the same period as Combined EBITDA is measured, MINUS (v) the portion of Service Revenues of Minority Holdings allocable to the Borrower for the same period as Combined EBITDA is measured, PLUS (vi) to the extent any debt is actually outstanding under a construction loan made to a Minority Holding which is guaranteed by Borrower, the EBITDA or total revenues or total expenses for the same period as Combined EBITDA is measured, as applicable, allocable to non-Investment Grade rated partners or members with Borrower in such Minority Holdings, from such time as any of such debt shall be outstanding until such time as the guaranty of payment has been reduced to the percentage of such loan equal to the percentage ownership of the Borrower in such Minority Holding.
Sample 1
Adjusted Combined EBITDA means, as of any date, for the most recent four ------------------------ (4) fiscal quarters for which financial results then have been reported, then- current Combined EBITDA adjusted by (i) eliminating that portion of Combined EBITDA attributable to any Properties or entities not owned by a member of the Consolidated Group or an Investment Affiliate as of the date of determination, (ii) eliminating that portion of Combined EBITDA attributable to any Properties or entities acquired by a member of the Consolidated Group after the beginning of the last fiscal quarter in such four (4) quarter period, and (iii) adding to Combined EBITDA for such four (4) quarter period on account of Properties (including any renovation or expansion of an existing Property) or entities owned by a member of the Consolidated Group or an Investment Affiliate and in service for more than the full last fiscal quarter of such period but less than such full four (4) quarter period, the Combined EBITDA that would have been generated by such Property or entity if it had been owned and in service for such full four (4) quarter period determined by annualizing the actual Combined EBITDA attributed to such Property or entity for the portion of such period that such Property or entity was actually so owned and in service.
Sample 1
Adjusted Combined EBITDA means, as of any date, for the most recent four (4) fiscal quarters for which financial results then have been reported, then-current Combined EBITDA adjusted by (i) eliminating that portion of Combined EBITDA attributable to (A) any Properties or entities not owned by a member of the Consolidated Group or an Investment Affiliate as of the date of determination, (B) any Properties or entities acquired by a member of the Consolidated Group or an Investment Affiliate during such four (4) quarter period, (C) any Properties owned by a member of the Consolidated Group or an Investment Affiliate which were first placed in service during such four (4) quarter period, and (D) any expansion or renovation of existing Properties or properties owned by a member of the Consolidated Group or an Investment Affiliate which renovations or expansions were completed during such four (4) quarter period, (ii) adding to Combined EBITDA for such four (4) quarter period on account of Properties or entities acquired by a member of the Consolidated Group or an Investment Affiliate during such four (4) quarter period, the Combined EBITDA that would have been generated by such Properties or entities for such four (4) quarter period if such Properties or entities had been owned by the Consolidated Group or an Investment Affiliate for such four (4) quarter period determined by the Borrower on a pro forma basis, substantiated to the satisfaction of the Administrative Agent, (iii) adding to Combined EBITDA for such four (4) quarter period on account of (A) new Properties owned by a member of the Consolidated Group or an Investment Affiliate which were first placed in service during such full four (4) quarter period and (B) any renovation or expansion of existing Properties or properties owned by entities owned by a member of the Consolidated Group or an Investment Affiliate completed during such full four (4) quarter period, the estimated Combined EBITDA that would have been generated by such new Properties and by such expansions and renovations if they had been operational and in service for such full four (4) quarter period determined by the Borrower on a pro forma basis, as substantiated to the satisfaction of the Administrative Agent.
Sample 1

Examples of Adjusted Combined EBITDA in a sentence

  • As a result of our company’s adoption of this new standard, the amount of Pro forma Adjusted Combined EBITDA (non-GAAP) shown above for fiscal 2017 and 2016 differs from the amounts previously included in the company’s proxy statements filed in connection with the company’s 2017 and 2018 annual stockholder meetings.

  • Adjusted Combined EBITDA for Mill Operations The following table provides Adjusted Combined EBITDA (as defined in the “Pro Forma Credit Statistics” section above) for the years ended December 31, 2007, 2006 and 2005, and for the nine months ended September 30, 2008 and 2007, which has been allocated by : (1) Bowater U.S. mill operations (Bowater Fixed Asset Collateral Operations); (2) Newsprint South mill operations; and (3) other Bowater mill operations and eliminations.


More Definitions of Adjusted Combined EBITDA

Adjusted Combined EBITDA means an amount equal to (i) Combined EBITDA for any period, minus (ii) to the extent included in Combined EBITDA, Recurring Land Sales of the Borrower and its wholly owned subsidiaries for the same period as Combined EBITDA is measured, minus (iii) to the extent included in Combined EBITDA, the portion of Recurring Land Sales of Minority Holdings allocable to the Borrower for the same period as Combined EBITDA is measured, minus (iv) to the extent included in Combined EBITDA, Service Revenues of the Borrower and its wholly owned subsidiaries for the same period as Combined EBITDA is measured, minus (v) to the extent included in Combined EBITDA, the portion of Service Revenues of Minority Holdings allocable to the Borrower for the same period as Combined EBITDA is measured, plus (vi) to the extent any debt is actually outstanding under a construction loan made to a Minority Holding which is guaranteed by Borrower, the EBITDA or total revenues less total expenses for the same period as Combined EBITDA is measured, as applicable, allocable to non-Investment Grade rated partners or members with Borrower in such Minority Holdings, from such time as any of such debt shall be outstanding until such time as the guaranty of payment has been reduced to the percentage of such loan equal to the percentage ownership of the Borrower in such Minority Holding.
Sample 1

Related to Adjusted Combined EBITDA

  • 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:

  • Combined EBITDA means, for any period, Economic Net Income less, without duplication and to the extent otherwise included in Economic Net Income, (a) (i) performance fees and allocations (other than Realized Incentive Carry and Realized Incentive Fees), (ii) investment income and (iii) non-recurring gains plus, without duplication (including with respect to any item already added back to Combined Segment Net Income in calculating Economic Net Income) and to the extent deducted in arriving at Economic Net Income, (b) (i) depreciation and amortization, (ii) interest expense, (iii) if positive, equity-based compensation, (iv) carry plan compensation expense and minority interests in performance fees, (v) expenses and charges relating to equity or debt offerings, acquisitions, investments and dispositions, (vi) non-recurring expenses, losses and charges, (vii) non-cash expenses and charges and (viii) Realized Incentive Fees; provided that any cash payment made with respect to any non-cash expenses or charges added back in computing Combined EBITDA for any earlier period pursuant to this clause (vii) shall be subtracted in computing Combined EBITDA for the period in which such cash payment is made (in the case of clauses (a)(i), (a)(ii) and (b)(iv), whether positive or negative), in each case determined on a combined segment basis for the Guarantors and Subsidiaries in accordance with GAAP. For purposes of calculating Combined EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”), if at any time during such Reference Period (and after the Effective Date) a Guarantor or any of the Subsidiaries shall have made any Material Acquisition or Material Disposition (each as defined below), the Combined EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition or Material Disposition occurred on the first day of such Reference Period. For purposes of this definition, whenever pro forma effect is to be given to a transaction, the pro forma

  • 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.

  • 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

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

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

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • EBITDA means earnings before interest, taxes, depreciation and amortization.

  • Consolidated EBITR means, for the Borrower and its Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period, plus (ii) to the extent deducted in determining the Consolidated Net Income for such period (x) Consolidated Interest Expense, (y) income tax expense, and (z) Consolidated Rent Expense, in each case determined on a consolidated basis in accordance with GAAP.

  • 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:

  • 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.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • 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 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.”

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

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • 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.

  • 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.

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • 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 Consolidated Net Income means, for any period, the aggregate net income (or loss) of the Company and its Restricted Subsidiaries for such period determined in conformity with GAAP; provided that the following items shall be excluded in computing Adjusted Consolidated Net Income (without duplication): (i) the net income of any Person that is not a Restricted Subsidiary, except to the extent of the amount of dividends or other distributions actually paid to the Company or any of its Restricted Subsidiaries by such Person during such period; (ii) solely for the purposes of calculating the amount of Restricted Payments that may be made pursuant to clause (C) of the first paragraph of Section 4.04 (and in such case, except to the extent includable pursuant to clause (i) above), the net income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the Company or any of its Restricted Subsidiaries or all or substantially all of the property and assets of such Person are acquired by the Company or any of its Restricted Subsidiaries; (iii) the net income of any Restricted Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such net income is not at the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Restricted Subsidiary; (iv) any gains or losses (on an after-tax basis) attributable to Asset Sales; (v) except for purposes of calculating , the amount of Restricted Payments that may be made pursuant to clause (C) of the first paragraph of Section 4.04, any amount paid or accrued as dividends on Preferred Stock of the Company or any Restricted Subsidiary owned by Persons other than the Company and any of its Restricted Subsidiaries; and (vi) all extraordinary gains and extraordinary losses (on an after-tax basis).

  • 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:

  • 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.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • 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:

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.