Average EBITDA Margin definition
Average EBITDA Margin means, at any time of determination, an amount equal to (a) the sum of Consolidated EBITDA of AMF Bowling Centers and its Subsidiaries and Consolidated EBITDA of AMF Worldwide and its Subsidiaries divided by (b) the sum of Consolidated revenues of AMF Bowling Centers and its Subsidiaries and Consolidated revenues of AMF Worldwide and its Subsidiaries, in each case for the 12-month period reflected in the most recent Financial Statements.
Average EBITDA Margin means average Combined Adjusted EBITDA divided by Food Services Revenue for the four years from 2020 to 2023 (refer to following pages for the reconciliation).
Average EBITDA Margin means, at any time of determination, an amount equal to (a) the sum of Consolidated EBITDA of AMF Bowling Centers and its Subsidiaries and Consolidated EBITDA of AMF Worldwide and its Subsidiaries divided by (b) the sum of Consolidated revenues of AMF Bowling Centers and its Subsidiaries and Consolidated revenues of AMF Worldwide and its Subsidiaries, in each case for the 12-month period reflected in the most recent Financial Statements. "AXELs Series A Advance" has the meaning specified in Section 2.01(b). "AXELs Series A Borrowing" means a borrowing consisting of simultaneous AXEL Series A Advances of the same Type made by the AXELs Series A Lenders. "AXELs Series A Commitment" means, with respect to any AXELs Series A Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "AXELs Series A Commitment' or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as 39 9 such Lender's "AXELs Series A Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05. "AXELs Series A Facility" means, at any time, the aggregate amount of the AXELs Series A Lenders' AXELs Series A Commitments at such time. "AXELs Series A Lender" means any Lender that has an AXELs Series A Commitment. "AXELs Series A Note" means a promissory note of the Borrower payable to the order of any AXELs Series A Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such lender resulting from the AXELs Series A Advance made by such Lender. AXELs Series B Advance" means any Existing AXELs Series B Advance or any New AXELs Series B Advance. "AXELs Series B Borrowing" means a borrowing consisting of simultaneous AXELs Series B Advances of the same Type made by the AXELs Series B Lenders. "AXELs Series B Commitment" means an Existing AXELs Series B Commitment or a New AXELs Series B Commitment. "AXELs Series B Facility" means, at any time, the aggregate amount of the AXELs Series B Lenders' AXELs Series B Commitments at such time. "AXELS SERIES B Lender" means any Existing AXELs Series B Lender or any New AXELs Series B Lender. "AXELs Series B Note" means a promissory note of the Borrower payable to the order of any AXELs Series B Lender, in substantially the form of Exhibit A-3 hereto, evidencing the indebtedness of the Borrower to such Le...
Examples of Average EBITDA Margin in a sentence
Except as otherwise provided in paragraph 4(b), vested Units shall be settled in shares of Company common stock (“Stock”) on a one-for-one basis, as soon as practicable following the date on which the Compensation Committee certifies the Cumulative EBITDA and Average EBITDA Margin with respect to the Performance Year, but in no event later than the first anniversary of the last date of the Performance Period.