Blended EBITDA Multiple definition
Blended EBITDA Multiple means the arithmetic average of the quotients, with respect to each of the Public Comparables, of (i) the Market Capitalization as of the close of trading on the preceding December 31 and (ii) for the applicable period, consolidated net income before total interest expense (whether cash or non-cash), provisions for taxes based on income, depreciation, amortization, exploration expense and any asset impairment provision related to write-downs resulting from the full cost ceiling test. No other extraordinary gains or losses shall be included in the calculation of (ii).
Blended EBITDA Multiple means the arithmetic average of the EBITDA Multiple for each of the Public Comparables, as of December 31 of the preceding year. The "EBITDA Multiple" for a Public Comparable as of December 31 shall be determined by dividing the Enterprise Value on that date by the consolidated net income before total interest expense (whether cash or non-cash), provision for taxes based on income, depreciation, depletion and amortization, exploration expense and asset impairment provision, and excluding all other extraordinary gains or losses.
Examples of Blended EBITDA Multiple in a sentence
Fair Market Value of the Series A Common Stock at any time shall equal the average of the amounts determined by taking the arithmetic average of (A) the product of (i) the Blended EBITDA Multiple and (ii) EXCO EBITDA and (B) the product of (i) the Blended Asset Value Multiple and (ii) EXCO Asset Value.