Adjusted Core EBITDA definition
Adjusted Core EBITDA means the sum, without duplication, of (a) net sales from Core Operations, minus (b) Total Core Costs, plus (c) interest and royalties received in cash, plus (d) depreciation and amortization relating to the Core Operations, plus (e) up to $20,000,000 of dividends received, in the aggregate, by any of the Borrowers from any Subsidiary which is not organized under the laws of the United States of America or a political subdivision thereof and received after July 28 , 2006 and prior to the Termination Date.
Adjusted Core EBITDA means, for any period of determination (the "Applicable Determination Period"), with respect to any acquisition proposed to be made after the Closing Date pursuant to the provisions of Section 12.6(g) hereof (each a "Proposed Acquisition"), the sum of (i) the aggregate amount of Core EBITDA for the Applicable Determination Period, plus (ii) the sum obtained by adding, for each acquisition (if any) made pursuant to the provisions of Section 12.6(g) hereof prior to the last day of the Applicable Determination Period (each Person or business acquired pursuant to any such prior acquisition, whether such acquisition was accomplished by means of an acquisition of Capital Stock or an acquisition of assets or a combination thereof, being herein called a "Previously Acquired Business"), the product obtained by multiplying (x) the Assumed Baseline EBITDA for such Previously Acquired Business for the Applicable Baseline Period therefor by (y) the Incremental Factor with respect to such Previously Acquired Business. For such purposes:
Examples of Adjusted Core EBITDA in a sentence
The Borrowers on a consolidated basis shall have, at the end of each calendar month, Adjusted Core EBITDA for the twelve calendar month period then ended of not less than $70,000,000.