Annualized Consolidated EBITDA definition

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

Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4). “Annualized Interest Expense” means, for any quarter, the Interest Expense for that quarter multiplied by four (4).

Annualized Consolidated EBITDA means, as of any date of determination, Consolidated EBITDA for the most recently completed Fiscal Quarter multiplied by four.

Examples of Annualized Consolidated EBITDA in a sentence

• The notes were issued under an indenture, dated as of December 13, 2002, by and between Boston Properties Limited Partnership and The Bank of New York, as trustee, as supplemented, which, among other things, requires us to comply with the following limitations on incurrence of debt: Limitation on Outstanding Debt; Limitation on Secured Debt; Ratio of Annualized Consolidated EBITDA to Annualized Interest Expense; and Maintenance of Unencumbered Assets.

• The notes were issued under an indenture, dated as of December 13, 2002, by and between Boston Properties Limited Partnership and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented, which, among other things, requires us to comply with the following limitations on incurrence of debt: Limitation on Outstanding Debt; Limitation on Secured Debt; Ratio of Annualized Consolidated EBITDA to Annualized Interest Expense; and Maintenance of Unencumbered Assets.

• For purposes hereof, the Annualized Consolidated EBITDA of Supercanal shall be determined by reference to the financial statements delivered to the Administrative Agent pursuant to Section 7.1(i) hereof (or, if no such financial statements have been delivered pursuant to such Section, by reference to the financial statements delivered pursuant to the credit documents for the Syndicated Facilities or such other financial statements as shall be acceptable to the Administrative Agent).

• Permit Annualized Consolidated EBITDA to be less than $85,000,000.

• The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters, commencing with its fiscal quarter ending September 30, 2005, of (i) Consolidated Funded Indebtedness for the fiscal quarter ending on such date to (ii) Consolidated EBITDA for each Rolling Period ending on such date, or Annualized Consolidated EBITDA for such Rolling Period in the case of a Rolling Period ending on or prior to March 31, 2006, to be greater than 3.0 to 1.0.

More Definitions of Annualized Consolidated EBITDA

Annualized Consolidated EBITDA means, for purposes of calculating the financial ratio set forth in Section 8.2 for each Rolling Period ending on or prior to March 31, 2006, the Borrower’s actual Consolidated EBITDA for such Rolling Period multiplied by the factor determined for such Rolling Period in accordance with the table below: Rolling Period Ending Factor September 30, 2005 4 December 31, 2005 2 March 31, 2006 1.333

Annualized Consolidated EBITDA means Consolidated EBITDA for the Reference Period multiplied by four.

Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4), PROVIDED that any non-recurring item that is an expense shall be added back to net income in determining such Consolidated EBITDA before such multiplication and deducted once from such product, and FURTHER PROVIDED that any non-recurring item that is income shall be added to such product once and shall not be multiplied by four.

Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4), provided that any non-recurring item that is an expense shall be added back to net income in determining such Consolidated EBITDA before such multiplication and deducted once from such product, and further provided that any non-recurring item that is income shall be added to such product once and shall not be multiplied by four.

Annualized Consolidated EBITDA means: (i) for the fiscal quarter ending June 30, 2004, the product of Consolidated EBITDA for the two fiscal quarter period then ending multiplied by 2 and (ii) for the fiscal quarter ending September 30, 2004, the product of Consolidated EBITDA for the three fiscal quarter period then ending multiplied by 1 1/3.

Annualized Consolidated EBITDA means, for the purposes of calculating the financial ratio set forth in Section 9.01(b):

Annualized Consolidated EBITDA means, as of the date of determination, the Consolidated EBITDA of the Issuer for the three calendar months then most recently ended multiplied by four.