Examples of Average EBITDA in a sentence
The fair value of the put and call agreement is based on a multiple of the Average EBITDA, net of Net Debt, of the two last years of the put and call agreement ending no sooner than 2021 and payable in the following year.
The Committee will determine the Average EBITDA by adding the EBITDA for each Year of the Adjusted Performance Period and dividing the sum by the number of whole or partial Years in the Adjusted Performance Period.
The Company shall give to the holders of the said Preference Shares a notice in writing of the Company’s intention to redeem the same and fixing the time (not less than 15 days ahead) and place for the redemption and surrender of the shares to be redeemed.
See Appendix “Middle-Market Loan Portfolio Company Weighted Average EBITDA and Net Leverage” herein for further information.
The fair value of the put and call agreement is based on a multiple of the Average EBITDA over the period 2016-2017, payable in 2018.