Adjusted Cumulative EBITDA definition

Adjusted Cumulative EBITDA means the Company’s cumulative reported net earnings (loss) excluding earnings (loss) from discontinued operations, net, provision (benefit) for income taxes, total other expense, net (which is entirely comprised of interest income and expense), depreciation and amortization (EBITDA) for fiscal years 2012, 2013 and 2014, adjusted to exclude (i) non-cash impairment charges, (ii) net earnings (loss) from adjustments to useful lives, (iii) gains (losses) on disposition of assets, (iv) net earnings (loss) from divested operations (not otherwise included in discontinued operations), whenever accrued during the three-year period, (v) net earnings (loss) from acquisitions accrued during the fiscal year of the closing date of the acquisition (net of acquisition expenses), and (vi) the cumulative effect of accounting changes.
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Adjusted Cumulative EBITDA means, as to the Company for any period as to which such amount is being determined, the sum of (a) Net Income, plus (b) payment or provision for all applicable income taxes, plus (c) depreciation expense, plus (d) amortization of intangibles, plus (e) increases in deferred income taxes (to the extent taken into account in calculating Net Income for the period), plus (f) non-cash stock compensation expense, plus (g) to the extent taken into account in determining net income, pension expense, minus (h) interest income, all as determined without duplication for the Company and its Consolidated Subsidiaries.
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Adjusted Cumulative EBITDA means the adjusted cumulative EBITDA of the Company during the Earnout Period as set forth in Section 2.2
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Examples of Adjusted Cumulative EBITDA in a sentence

  • This amount, following approval of the 2013 Financial Statements by the Shareholders' Meeting, will be increased to a total of Euro 630,396 and repaid in 2014 subject to the achievement of the 2011 - 2013 Adjusted Cumulative EBITDA value.

  • Section 5.11(d) Schedule 14D-1..................................................

  • This amount, following approval of the 2013 Financial Statements by the Shareholders' Meeting, will be increased to a total of Euro 1,898,685 and repaid in 2014 subject to the achievement of the 2011 - 2013 Adjusted Cumulative EBITDA value.

  • The Cumulative EBITDA Factor will be a percentage based on Adjusted Cumulative EBITDA at the end of the Performance Period equal to 40% at Threshold, 100% at Target and 200% at Stretch, as shown in the table below, with pro rata increases, at 1/10th of 1% increments, between each listed percentage.

  • The variances shall be clearly shown on the shop drawing, descriptive sheet, and material sample or color sample; and the contractor shall certify that the substitution has no other variant features.

  • Each of Adjusted Cumulative EBITDA and any Earnout to be reflected or set forth in the Earnout Financial Statements or in the Earnout Statement shall be calculated as set forth for illustrative purposes on Exhibit E.

  • The share price, at the time of allocation of 2 September 2011, was Euro 10.63.4Following approval by the Shareholders' Meeting of the 2013 Financial Statements, given the 2011 – 2013 Adjusted Cumulative EBITDA value reached (between target and maximum), a total number of 121,380 rights may be exercised, of which 48,456 may be exercised for free and 72,924 following payment of an exercise price of Euro 0.10, i.e. the share par value.

  • The Cumulative EBITDA Factor will be a percentage based on Adjusted Cumulative EBITDA at the end of the Performance Period equal to 10% at Threshold, 50% at Target and 100% at Stretch, as shown in the table below, with pro rata increases, at 1/10th of 1% increments, between each listed percentage.

  • We noted that there were two prior instances involving violence, neither with a weapon.

  • The annual earnout payments are based on the achievement of the following adjusted cumulative EBITDA milestones: Fiscal Year Ended Adjusted Cumulative EBITDA Maximum Potential Earnout 2021 $(213,850) $— 2022 643,950 7,600,000 2023 4,365,127 9,500,000 2024 10,620,825 11,400,000 2025 19,441,483 9,500,000 The Purchase Agreement contains customary representations, warranties and covenants of Elys and the Sellers.

Related to Adjusted Cumulative EBITDA

  • 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.

  • 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.”

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

  • 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:

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • 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.

  • 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

  • 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.

  • 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 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 Revenue means revenue less Digital Platform Fulfilment Revenue.

  • 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.

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

  • 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:

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

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • 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.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

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

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

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Reference Year shall have the meaning given it in the Summary.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Total adjusted capital means the sum of: