Deemed EBITDA definition

Deemed EBITDA has the meaning set forth in the definition of “EBITDA”.
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Deemed EBITDA means, for any of the months set forth below, “Adjusted Consolidated EBITDA” in the amount set forth below opposite such month (and if the calculation period of determination includes additional months not set forth below, then Adjusted Consolidated EBITDA for such calculation period shall be determined as (x) the sum of the portion of such calculation period that includes the months set forth below, plus (y) the Adjusted Consolidated EBITDA for the portion of such calculation period that does not include the months set forth below as determined in accordance with the definition of Adjusted Consolidated EBITDA): August 2024 $ 279,068.43 September 2024 $ 1,127,538.58 October 2024 $ (992,969.54 ) November 2024 $ (1,610,541.55 ) December 2024 $ (1,878,059.51 ) January 2025 $ (1,459,228.72 ) February 2025 $ (1,863,857.48 ) March 2025 $ 572,585.60 April 2025 $ (985,702.17 ) May 2025 $ (1,241,075.24 ) June 2025 $ 593,359.60 July 2025 $ (1,433,862.80 )
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Deemed EBITDA means that portion, if any, of Cash Equity ------------- Contributions made pursuant to the Keep-Well Agreement that is attributable to the amount added to the denominator of the Leverage Ratio pursuant to Section 2(a) of the Keep-Well Agreement or the amount added to the numerator of the Fixed Charge Coverage Ratio pursuant to Section 2(b) of the Keep-Well Agreement, whichever is applicable.
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Examples of Deemed EBITDA in a sentence

  • The Schedules to the Loan Agreement are hereby supplemented by adding Schedules 1.1 (Deemed EBITDA), 1.2 (Ineligible Lenders), 8.1.24 (Material Contracts), 9.2.1 (Debt), 9.2.2 (Permitted Liens), and 9.2.9 (Investments) and by supplementing the existing Schedules with the Schedules attached hereto as Exhibit A.

  • In addition, the amount thereof attributable to the amounts added to the denominator of the Leverage Ratio or the amount added to the numerator of the Fixed Charge Coverage Ratio, as applicable, shall be "Deemed EBITDA" for the applicable fiscal quarter for purposes of determining future compliance with both such financial ratio covenants (but not for determining the Applicable Pricing Level).