EBDITA definition

EBDITA means consolidated net income before extraordinary charges, cumulative effect of changes in accounting principles and preferred stock dividends plus, to the extent reflected in the income statement for the period for which consolidated net income is to be determined, without duplication, (i) consolidated interest expense (including minority interest expense), (ii) income tax expense, (iii) depreciation expense, (iv) amortization expense, (v) expenses relating to postretirement health care costs which amounted to $0.478 million in 1993, and (vi) charges relating to the vesting of benefits under SARs in connection with the 1989 Mergers of $1.973 million in Holdings' 1990 historical data and $1.973 million and $4.835 million in Silgan's 1990 and 1989 historical data, respectively. The 1989 charge is not reflected in Holdings' historical data because such charge occurred prior to the 1989 Mergers.

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EBDITA means consolidated net income before extraordinary charges, cumulative effect of changes in accounting principles and preferred stock dividends plus, to the extent reflected in the income statement for the period for which consolidated net income is to be determined, without duplication, (i) consolidated interest expense (including minority interest expense), (ii) income

EBDITA means with respect to the Companies and their Subsidiaries on a consolidated basis the sum of (a) Net Earnings for the applicable period and (b) to the extent the following were deducted in determining such Net Earnings, the sum of (i) depreciation, depletion, obsolescence and amortization of property as well as any other noncash charges to Net Earnings (excluding ordinary expense accruals), (ii) interest expense, (iii) the interest portion of capitalized lease expense and (M tax expense, each for the applicable period and determined in accordance with GAAP.

Examples of EBDITA in a sentence

• The Executive shall be entitled to an incentive payout of greater of the two incentive options: i) 8% of EBDITA in a fiscal year; or ii) 33% of the total incentive pay pool allocated to the Company Employees and Directors in a fiscal year.

• Using the above definition of EBITDA , should TAM's EBDITA achieve 100% of projections in any payment period, then Mr. Golio shall receive a bonus ▇▇▇▇▇ ▇▇ 100% of the Target Bonus for that quarter.

• Interest Expense $__________ Depreciation/Amortization $__________ Minus: Capital expenditures $__________ Nonrecurring Items $__________ Equals: EBDITA (adjusted) $__________ $__________/ $__________ = __________ EBDITA(Adjusted) Interest Expense Ratio ----------------------------------------------------------------------------------------------------------------------------------- 6.

• Borrowers shall have a combined ratio of EBDITA Net Income for prior 3 months $__________ Yes No (Adjusted) to interest expense of at least 1.25:1.00, Plus: Tax Expense $__________ as of the end of each month.

• Should TAM's EBDITA exceed projections in any payment period, then Mr. Golio shall receive a bonus ▇▇▇▇▇ ▇▇ 100% of the Target Bonus for that quarter, plus the additional percentage of increase (for example should TAM's EBITDA achieve 105% of projections then, Mr. Golio shall receive a Targe▇ ▇▇▇▇▇ ▇qual to 105% of the target bonus for that quarter).

• For purposes of this Section "MATERIAL CASUALTY" shall mean a casualty: (i) causing damage in the amount of $1,000,000 or more, or (ii) resulting in an annualized anticipated decrease in the Asset's EBDITA (earnings before depreciation, interest, taxes and amortization) of $1,000,000 or more, each as reasonably determined by Buyer.

• Darkhorse shall have a ratio of EBDITA (Adjusted) Net Income for prior 3 months $__________ Yes No to interest expense of at least 1.25:1.00, as of the Plus: Tax Expense $__________ end of each month.

• Interest Expense $__________ Depreciation/Amortization $__________ Minus: Capital expenditures $__________ Nonrecurring Items $__________ Equals: EBDITA (adjusted) $__________ $__________/ $__________ = __________ EBDITA(Adjusted) Interest Expense Ratio ----------------------------------------------------------------------------------------------------------------------------------- 7.

• Mr. Golio shall receive such bo▇▇▇ ▇▇▇▇▇nts providing that TAM achieves at least 80% of its targeted EBDITA projections in any quarter.

More Definitions of EBDITA

EBDITA means, for any period, the sum of net earnings of the Company and its Subsidiaries on a consolidated basis PLUS each of the following, to the extent actually deducted in arriving at such net earnings: (a) depreciation and amortization, (b) Interest Expense and (c) Income Tax Expense.

EBDITA means, for any period, the excess of (i) the sum of (A) net income plus (B) depreciation and amortization plus (C) taxes plus

EBDITA means the earnings for the Partnership before deductions for depreciation, interest, income taxes and amortization and shall exclude nonrecurring and extraordinary items. The number of Units held by each Partner shall be adjusted automatically to reflect any change in the Partners’ Sharing Percentages under this section.

EBDITA defined as net profit before tax plus interest expense (net of capitalized interest expense), depreciation expense and amortization expense, and with "EBDITA Coverage Ratio", defined as EBDITA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt (including Junior Note Obligations). For purposes of the foregoing, outstanding Advances on the Line of Credit and the undrawn amount of Letters of Credit shall be excluded from the computation of current maturity of long-term debt.

EBDITA means, for any period, the excess of (i) the sum of (A) net income plus (B) depreciation and amortization plus (C) taxes plus (D) interest expense over (ii) the net amount of items which are classified as extraordinary items in accordance with GAAP.