Cash Basis EBITDA definition

Cash Basis EBITDA is, for any period of measurement, EBITDA minus (a) unfinanced Capital Expenditures; plus (b) non-recurring cash expenses related to the PEX Acquisition approved by Bank, in its reasonable discretion, on a case-by-case basis.
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Cash Basis EBITDA means, for any period and without duplication, the sum of the following for the Company and its Subsidiaries: (a) net income (or loss) after taxes for such period, plus (b) to the extent reflected in net income (or loss) after taxes for such period, the aggregate for such period of (i) interest expense on all Indebtedness of the Company and its Subsidiaries, (ii) provision for income taxes, (iii) depreciation and amortization expense, and (iv) any other non-cash expenses; minus (c) to the extent reflected in net income (or loss) after taxes for such period, the aggregate for such period of (i) extraordinary gains (or plus any extraordinary losses) for such period, (ii) all amounts which reflect increases in equity accounts or asset values (whether due to write-ups or otherwise) which are not directly related to cash investments; (iii) dividends or other distributions to the Company or its Subsidiaries which have been declared or allocated but which have not yet been paid to the Company or its Subsidiaries or which have been paid in some form other than cash (e.g. stock dividends); and (iv) any other non-cash revenues. For the purposes of this definition, "net income (or loss)" shall mean net income (or loss) as calculated in accordance with GAAP.
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Examples of Cash Basis EBITDA in a sentence

  • On a quarterly basis, as of the last day of each fiscal quarter of the Borrower, measured on a trailing three month basis, Borrower shall maintain a ratio of (i) Cash Basis EBITDA for such period dividedby (ii) Fixed Charges of at least 1.50:1.00.

  • On a quarterly basis, as of the last day of each fiscal quarter of Borrower, measured on a trailing three month basis, Borrower shall maintain a ratio of (i) Cash Basis EBITDA for such period dividedby (ii) Fixed Charges of at least 1.15:1.00.

  • On a quarterly basis, as of the last day of each fiscal quarter of the Borrower, measured on a trailing three month basis, Borrower shall maintain a ratio of (i) Cash Basis EBITDA for such period divided by (ii) Fixed Charges of at least 1.25:1.00.

  • On a quarterly basis, as of the last day of each fiscal quarter of the Borrower, measured on a trailing three month basis, EMEA and its Foreign Subsidiaries shall maintain a ratio of (i) Cash Basis EBITDA for such period dividedby (ii) Fixed Charges of at least 1.50:1.00.

  • On a quarterly basis, as of the last day of each fiscal quarter of the Borrower, measured on a trailing three month basis, GTTI and its Domestic Subsidiaries shall maintain a ratio of (i) Cash Basis EBITDA for such period dividedby (ii) Fixed Charges of at least 1.50:1.00.

  • Permit its ratio, as of the last day of any month, of Cash Basis EBITDA for such month, to the amount of interest expense incurred by the Company during such month with respect to (i) Investor Obligations, (ii) Obligations and (iii) any other Indebtedness of the Company owed to financial institutions with respect to term loans or revolving credit facilities under which the Company is a borrower, to be less than 1:15:1.0.