Consolidated Pro Forma EBITDA definition

Consolidated Pro Forma EBITDA means the Pro Forma EBITDA of the Company and its Restricted Subsidiaries, determined on a consolidated basis.

Consolidated Pro Forma EBITDA means the sum of (a) Consolidated EBITDA, plus (b)(i) without duplication, the EBITDA of Companies acquired by Borrower and its Subsidiaries during the most recently completed four (4) fiscal quarters to the extent that such EBITDA of Companies acquired is confirmed by audited financial or other information satisfactory to Agents, minus (ii) EBITDA of Companies disposed of by Borrower and its Subsidiaries during the most recently completed four (4)

Consolidated Pro Forma EBITDA means, for any Person, for any period, without duplication, Consolidated EBITDA of such Person, (i) plus the Consolidated EBITDA for such period of any Subsidiary of Person acquired during such period, as if acquired on the first day of such period and (ii) minus the Consolidated EBITDA for such period of any Subsidiary of such Person disposed of during such period, as if disposed of on the first day of such period, determined in a manner reasonably satisfactory to Administrative Agent.

Examples of Consolidated Pro Forma EBITDA in a sentence

• The leverage ratio is defined in the credit facility as the ratio of Consolidated Funded Indebtedness (as defined in the credit facility) on the last day of any trailing four quarter period to Consolidated Pro Forma EBITDA (as defined in the credit facility) for such period.

• The debt service coverage ratio is defined in the credit facility as the ratio of Consolidated Pro Forma EBITDA less the sum of capital distributions paid in cash (other than those made with respect to the preferred stock issued under the Operating Agreement), Consolidated Unfunded Capital Expenditures (as defined in the credit facility), and net cash income taxes to the sum of cash interest expense, any dividends on the preferred stock paid in cash, and scheduled principal payments on funded indebtedness.

• Xxxxxxx to the Borrowers, Consolidated Pro Forma EBITDA shall be calculated after giving pro forma effect to the acquisition of the M/V Xxx X.

• The “Applicable Vesting Factor” shall be equal to either (i) the sole Vesting Factor that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above in the event there is no Vesting Factor Range, or (ii) the sum of (A) the lowest Vesting Factor in the applicable Vesting Factor Range that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above, plus (B) the ProRata Vesting Factor Increase.

• The parties hereto agree with the Administrative Agent that for each period that Consolidated Pro Forma EBITDA is calculated after the delivery of the M/V Xxx X.

More Definitions of Consolidated Pro Forma EBITDA

Consolidated Pro Forma EBITDA is defined in the Compliance Certificate.

Consolidated Pro Forma EBITDA means, for purposes of calculating the Consolidated Leverage Ratio in respect of any four Fiscal-Quarter period, Consolidated Adjusted EBITDA for such period calculated on a pro forma basis after giving effect to any acquisitions of new Subsidiaries by Company or any of its Subsidiaries during such period as if such acquisitions had been consummated on the first day of such period.

Consolidated Pro Forma EBITDA has the meaning given to it in Clause 21.3 (Financial Definitions);

Consolidated Pro Forma EBITDA means, for any Person, for any period, without duplication, Consolidated EBITDA of such Person, (i) plus the Consolidated EBITDA for such period of any Subsidiary of such Person acquired during such period, as if acquired on the first day of such period and (ii) minus the Consolidated EBITDA for such period of any Subsidiary of such Person disposed of during such period, as if disposed of on the first day of such period, determined in a manner reasonably satisfactory to US Administrative Agent.

Consolidated Pro Forma EBITDA means, with reference to any period, Consolidated Net Income plus, without duplication and to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) expense for income taxes paid or accrued, (iii) depreciation, (iv) amortization, (v) extraordinary or non-recurring non-cash expenses or losses incurred other than in the ordinary course of business, (vi) non-cash expenses related to stock based compensation, all calculated for the Parent and its Subsidiaries in accordance with GAAP on a consolidated basis. For the purposes of calculating Consolidated Pro Forma EBITDA for any Reference Period, (i) if at any time during such Reference Period the Parent or any Subsidiary shall have made any Material Disposition, the Consolidated Pro Forma EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated Pro Forma EBITDA (if positive) attributable to the property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated Pro Forma EBITDA (if negative) attributable thereto for such Reference Period, and (ii) if during such Reference Period the Parent or any Subsidiary shall have made a Material Acquisition, Consolidated Pro Forma EBITDA for such Reference Period shall be calculated after giving effect thereto on a pro forma basis as if such Material Acquisition occurred on the first day of such Reference Period.

Consolidated Pro Forma EBITDA means for any Relevant Period the Consolidated EBITDA, adjusted to:

Consolidated Pro Forma EBITDA for any Relevant Period, means Consolidated EBITDA plus the EBITDA generated by Permitted Acquisitions completed during that Relevant Period from the date falling on the beginning of the Relevant Period through to the date on which such Permitted Acquisitions were closed and (i) in respect of each Quarter Period during 2005, plus EUR2,250,000; (ii) in respect of the Relevant Period ending on 31 December 2006, plus EUR10,600,000 and (iii) in respect of the Relevant Period ending on 31 March 2007, plus EUR5,300,000;