Consolidated EBIDA means, for any Equipment Growth Fund, as measured as at any date of determination for any period on a consolidated basis, the sum of (a) the Consolidated Net Income of such Equipment Growth Fund, plus (b) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind, plus (c) Consolidated Interest Expense, plus (d) non-liquidating cash distributions received from USPE's, and in the cases of clauses (b) and (c) above, each to the extent included in the determination of Consolidated Net Income.
Consolidated EBIDA means, for any period, the sum of the following determined on a Consolidated basis, without duplication, for the Borrower and its Subsidiaries in accordance with GAAP: (a) Consolidated Net Income for such period plus (b) the sum of the following, without duplication, to the extent deducted in determining Consolidated Net Income for such period: (i) Consolidated Interest Expense, (ii) amortization, depreciation, stock based compensation expense and other non-cash charges (except to the extent that such non-cash charges are reserved for cash charges to be taken in the future), and (iii) extraordinary losses (excluding extraordinary losses from discontinued operations) less (c) the sum of the following, without duplication, to the extent included in determining Consolidated Net Income for such period: (i) interest income, (ii) any extraordinary gains and (iii) non-cash gains or non-cash items increasing Consolidated Net Income. For purposes of calculating Consolidated EBIDA hereunder for any period during which one or more Specified Transactions occurs, such Specified Transaction (and all other Specified Transactions that have been consummated during the applicable period) shall be deemed to have occurred as of the first day of the applicable period of measurement in such test or covenant such that all income statement items (whether positive or negative) attributable to the Property or Person disposed of in a Specified Disposition shall be excluded and all income statement items (whether positive or negative) attributable to the Property or Person acquired in a Permitted Acquisition shall be included (provided that such income statement items to be included are reflected in financial statements or other financial data reasonably acceptable to the Lender and based upon reasonable assumptions and calculations which are expected to have a continuous impact).
Consolidated EBIDA means as measured as at any date of determination for any period on a consolidated basis, the sum of (a) the Consolidated Net Income of Borrower, plus (b) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind, plus (c) Consolidated Interest Expense, plus (d) non-liquidating cash distributions received from Special Purpose Entities, and in the cases of clauses (b) and (c) above, each to the extent included in the determination of Consolidated Net Income.
Examples of Consolidated EBIDA in a sentence
In lieu of this waiver, Borrower shall maintain a quarterly Consolidated EBIDA of a minimum of $700,000.00; however, Borrower may include the tax deduction for the amortization of goodwill in its calculation of EBIDA.
Maintain a ratio of (A) --------------------------- Consolidated EBIDA of NGP and its Subsidiaries for each period of four consecutive fiscal quarters to (B) the sum of (i) Consolidated Interest Expense of NGP during such period plus (ii) principal amounts of all Funded ---- Debt payable during such period by NGP and its Subsidiaries of not less than 2.50 to 1.00.
As such, the definition of the term "Consolidated EBIDA " appearing in Section 1.1 of the Credit Agreement is hereby amended by permitting this goodwill amortization deduction.
More Definitions of Consolidated EBIDA
Consolidated EBIDA means, for any Equipment Growth Fund, as measured as at any date of determination for any period on a consolidated basis, the sum of (a) the Consolidated Net Income of such Equipment Growth Fund, plus (b) all amounts treated as expenses for depreciation, including such Equipment Growth Fund's proportional share of depreciation expense related to equipment owned jointly with USPE's, and the amortization of intangibles of any kind, plus (c) Consolidated Interest Expense, plus (d) cash distributions received from USPE's, and in the cases of clauses (b) and (c) above, each to the extent included in the determination of Consolidated Net Income.
Consolidated EBIDA means, for any period, the EBIDA of the Borrower, its Subsidiaries and the Approved Guarantors on a consolidated basis in accordance with GAAP.
Consolidated EBIDA. Consolidated Interest Expense," "Consolidated Net Income," "Consolidated Total Liabilities" and other accounting or financial terms (including any item expressly added to or deducted or excluded from any such financial term), and any determination of whether the Borrower is in compliance with Article VI hereof shall be made on a consolidated basis in accordance with GAAP as in effect on the Closing Date and applied in a manner consistent in all material respects with the most recent financial statements delivered to the Agent prior to the date hereof. Financial statements and other information furnished to the Agent or any Lender pursuant to Section 5.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation. No "Accounting Changes" (as defined below) shall affect financial covenants, standards or terms in this Agreement; provided, however, that the Borrower shall prepare footnotes to each Compliance Certificate and the financial statements required to be delivered hereunder that show the differences between the financial statements delivered (which reflect such Accounting Changes) as the basis for calculating financial covenant compliance (without reflecting such Accounting Changes). "Accounting Changes" means: (a) changes in accounting principles required by GAAP and implemented by the Borrower; (b) changes in accounting principles recommended by the Borrower's certified public accountants; and (c) changes in carrying value of the Borrower's (or any of its Subsidiaries') assets, liabilities or equity accounts resulting from (i) the application of purchase accounting principles (A.P.B. 16 and/or 17 and EITF 88-16 and FASB 109) to the Related Transactions or (ii) as the result of any other adjustments that, in each case, were applicable to, but not included in, the Pro Forma. All such adjustments resulting from expenditures made subsequent to the Closing Date (including, but not limited to, capitalization of costs and expenses or payment of pre-Closing Date liabilities) shall be treated as expenses in the period the expenditures are made and deducted as part of the calculation of Consolidated EBIDA in such period.
Consolidated EBIDA means, for any period, the EBIDA of KMG and its Subsidiaries for such period, determined on a Consolidated basis, without duplication, the components thereof being in accordance with GAAP. For purposes of this Agreement, Consolidated EBIDA shall be adjusted on a Pro Forma Basis.
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, and (iii) amortization, all calculated for the Borrower and its Subsidiaries on a consolidated basis. The calculation of Consolidated EBIDA for the four fiscal quarters ending June 30, 2000, and September 30, 2000, respectively, shall be subject to the following special provisions: (i) Consolidated EBIDA for the four fiscal quarters ending June 30, 2000, shall be determined by making the applicable calculation for the two fiscal quarters ending June 30, 2000, and then multiplying that amount by 180%; and (ii) Consolidated EBIDA for the four fiscal quarters ending September 30, 2000, shall be determined by making the applicable calculation for the three fiscal quarters ending September 30, 2000, and then multiplying that amount by 133-1/3%. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion as the Lender deems appropriate under the circumstances; provided, however, that such determination shall be based upon and shall take into account the pro forma financial information prepared in connection with such Acquisition pursuant to Regulation S-X or Regulation S-B (whichever is applicable at the time).
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, and (iii) amortization, all calculated for the Borrower and its Subsidiaries on a consolidated basis. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion using such methodology as the Lender deems appropriate under the circumstances.
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, (iii) amortization, and (iv) non-cash writedowns of goodwill in accordance with the applicable accounting standards under GAAP, all calculated for the Borrower and its Subsidiaries on a consolidated basis. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition which has been approved by the Required Lenders, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned 5 by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion using such methodology as the Lender deems appropriate under the circumstances.