Benchmark EBITDA definition
Examples of Benchmark EBITDA in a sentence
The Interim EBITDA Financial Statements and the Final EBITDA Financial Statements will be prepared as if FLV, FBH and FM are going concerns and on a basis consistent with the manner in which Purchaser, Parent and Sellers mutually calculated Benchmark EBITDA for the Business for purposes of this Agreement.
As a benchmark, the parties agree that EBITDA for the ten months ended October 31, 2007 was $8,220,281 (the “Benchmark EBITDA”), and EBITDA calculations hereunder shall be made in a manner consistent with that used in the determination of the Benchmark EBITDA as set forth in Schedule F attached hereto.
Determined Amount for each of the Subject Financial Years shall be the difference, which may be a negative number, between (a) the excess of (i) the EBITDA for such Subject Financial Year over (ii) the Benchmark EBITDA and (b) the Investment Charge.
As calculated in accordance with paragraphs (b) and (c) of this Section, the ---------------------- respective variances between Adjusted EBITDA and Benchmark EBITDA, and between Final EBITDA and Benchmark EBITDA, will form the basis for Closing and post- Closing adjustments of the Cash Component.
No Cash Component adjustment will be made under this paragraph (b) if Adjusted EBITDA does not vary by more than 5% from Benchmark EBITDA.
No Cash Component adjustment will be made under this PARAGRAPH (B) if Adjusted EBITDA does not vary by more than 5% from Benchmark EBITDA.
No Cash Component adjustment will be made under this paragraph (b) if Adjusted ------------- EBITDA does not vary by more than 5% from Benchmark EBITDA.
As calculated in accordance with paragraphs (b) and (c) of this Section, the respective variances between Adjusted EBITDA and Benchmark EBITDA, and between Final EBITDA and Benchmark EBITDA, will form the basis for Closing and post-Closing adjustments of the Cash Component.
EBITDA means earnings of the Company and its subsidiaries and all other operations affiliated with the Company that are under the supervision of ▇▇▇ ▇▇▇▇▇▇▇ before interest, taxes, depreciation and amortization determined in accordance with generally accepted accounting principles consistently applied and in a manner consistent with the manner in which the Benchmark EBITDA has been calculated by Bank Machine Limited for the financial year ended December 31, 2004.
As calculated in accordance with PARAGRAPHS (B) AND (C) of this Section, the respective variances between Adjusted EBITDA and Benchmark EBITDA, and between Final EBITDA and Benchmark EBITDA, will form the basis for Closing and post-Closing adjustments of the Cash Component.