Core EBITDA definition

Core EBITDA means, for any period, (a) Core Net Income plus (b) to the extent deducted in determining such Core Net Income, the sum of standalone (i) interest expense for such period, (ii) income taxes (including Permitted Tax Distributions) accrued with respect to such period, (iii) all amounts attributable to depreciation and amortization for such period and (iv) non-recurring transaction expenses incurred in connection with the incurrence of the Term Loans.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Core EBITDA means, for any period, “Consolidated Adjusted EBITDA” calculated in accordance with this definition but without giving effect to clauses (a)(viii) and (b)(ii) hereof.

Core EBITDA means, with respect to the Borrower, EBITDA, exclusive of any gains or losses attributable to operations of any Unconsolidated Affiliates.

Examples of Core EBITDA in a sentence

• However, if Core EBITDA Targets (as set forth on Schedule II hereto) are not achieved, an overachievement in acquisitions may offset (and similarly, if acquisitions are not achieved, an overachievement in non-acquisition Adjusted EBITDA may offset) the decrease in Adjusted EBITDA.

• Shall maintain Core EBITDA of no less than $25,000, tested quarterly at the end of each calendar quarter, commencing with the calendar quarter ending December 31, 2005.

• The Borrowers on a consolidated basis shall have, at the end of each calendar month, Adjusted Core EBITDA for the twelve calendar month period then ended of not less than $70,000,000.

• Except as provided below in the case of a Change in Control, Fixed Charge Coverage Ratio shall mean Core EBITDA divided by [interest expense + preferred dividends + capitalized interest].

• Make any investment in any person, firm or corporation, including, without limitation, in any Affiliates or from any Affiliates or subsidiaries not existing on the date hereof; except that Borrower may make such investments to such persons, firms or corporations in the aggregate amount of up to $500,000 provided that Borrower is in compliance with the Core EBITDA covenant set forth in Section 15.23 for two (2) consecutive quarters, and except for the investments permitted pursuant to Section 15.25 hereof.

More Definitions of Core EBITDA

Core EBITDA means, as of each date of determination, Borrower's ----------- consolidated net income for the four fiscal quarter period ending on that date from continuing operations and investments, determined in accordance with generally accepted accounting principles consistently applied, plus, to the extent deducted (or subtracted) in arriving at such net income, Borrower's consolidated income tax expense or credit, interest expense, minority interest, depreciation and amortization, provided that in computing "Core -------- EBITDA" the results of operations of the Subsidiary Borrower shall be excluded.

Core EBITDA means the consolidated total income of THE A CONSULTING TEAM, INC., and its subsidiaries (including INTERNATIONAL OBJECT TECHNOLOGY, INC.), excluding, however, any income/loss attributable to Always-On Software, Inc., and Methoda, Ltd., whether by ownership or otherwise) before interest expense, Collateral Management Fee, Facility Fee, loan modification fee of $20,000, taxes, depreciation, any non-cash writedowns of goodwill and amortization (other than any writeoffs occurring after April 1, 2001 with respect to any assets other than trade Receivables owned by THE A CONSULTING TEAM, INC., and INTERNATIONAL OBJECT TECHNOLOGY, INC., on the date hereof), all calculated in accordance with Generally Accepted Accounting Principles. 1.7 Section 2.5 of the 2001 Loan Agreement is hereby amended so that, effective the date hereof, said Section 2.5 shall now provide as follows (it being intended by such amendment to reflect the fact that, effective the date hereof, the records of LENDER shall also evidence the outstanding amount of the Revolving Loan):

Core EBITDA means, for any period, EBITDA of the Group Parent and its Subsidiaries for such period, excluding (without duplication) the following: (a) EBITDA of the Belize Bank and its Subsidiaries for such period, (b) EBITDA to the extent generated by any financial services or similar business, and (c) any dividend or distribution paid by a Subsidiary of the Parent that is not a Group Company.”

Core EBITDA means Borrowers' consolidated total income and their subsidiaries (excluding, however, any non-cash income/loss attributable to Always-On Software, Inc., and Methoda, Ltd., whether by ownership or otherwise) after interest expense, Collateral Management Fee, Facility Fee, loan extension fee, taxes, depreciation, amortization and any non-cash writedowns of goodwill, all calculated in accordance with Generally Accepted Accounting Principles.

Core EBITDA means, for any period, Borrower's consolidated net income for that period from continuing operations and investments, determined in accordance with generally accepted accounting principles consistently applied, plus, to the extent deducted (or subtracted) in arriving at such net income, Borrower's consolidated income tax expense or credit, interest expense, minority interest, depreciation and amortization, provided that in computing "Core EBITDA" the results of operations of Quantum and the Quantum Division of Borrower shall be excluded.

Core EBITDA means, for any period, EBITDA of the Group Parent and its Subsidiaries for such period, provided that, in calculating Core EBITDA:

Core EBITDA means EBITDA, exclusive of any amounts which would otherwise comprise EBITDA arising out of the operation, management or Disposition of, or otherwise attributable to, Limited Purpose Subsidiary Assets Held For Sale.