EBIDAT definition

EBIDAT means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, determined in accordance with GAAP, the sum of (a) Consolidated Net Income (Loss) for such period plus (b) all amounts deducted from net income (or net loss) for such period for depreciation or amortization, plus (c) interest expense deducted from net income (or net loss) for such period, plus (d) all accrued taxes on or measured by income to the extent included in the determination of such net income (or loss); plus (e) to the extent included in net income (or net loss) for such period, any extraordinary losses or losses from discontinued operations; plus (f) all other non-cash charges which reduced Consolidated Net Income (Loss) for such period.

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EBIDAT means earnings before interest, depreciation and taxes, all as determined and calculated under generally accepted accounting principles consistently applied.

EBIDAT. (as defined in the Credit Agreement) for the 12-month period ending on the last day of the immediately preceding calendar month for which ▇▇▇▇▇▇ has received the financial statements required to be delivered pursuant to Section 5.1(A) of the Credit Agreement, minus (ii) "Capital Expenditures" (as defined in the Credit Agreement) of Holdings and its Subsidiaries paid in cash during said 12-month period other than those Capital Expenditures financed with proceeds of the Bonds.

Examples of EBIDAT in a sentence

• Borrower shall not permit EBIDAT for the twelve (12) month period ending on the last day of each month to be less than $8,000,000.

• The effect on EBIDAT by the sale or acquisition of any cable system by Mercom during the term of the Management Agreement is specifically excluded from the calculation of the Incentive Management Fee.

• As an incentive to C-TEC to manage Mercom's ------------------------ cable systems in the most efficient manner possible, C-TEC will be entitled to earn an annual incentive management fee equal to twenty-five percent (25%) of any improvement in Mercom's EBIDAT in excess of the $5,000,000.00 base EBIDAT figure to be use in the incentive management fee calculations.

• If for any reason prior to the date of such sale (because of postponement of the date of such sale, determination of EBIDAT for any period, or otherwise) the repurchase price per share of Warrant Stock or Restricted Stock shall be reduced or the price that holders of Warrant Stock or Restricted Stock who join in the sale would have received shall be increased, the Company shall offer all holders the opportunity to join in such sale notwithstanding their previous decision not to do so.

• Date/ Period Amount ------ ------ January 31, 1998 $11,100,000 April 30, 1998 $12,500,000 July 31, 1998 $13,200,000 October 31, 1998 $13,500,000 January 31, 1999 $14,000,000 April 30, 1999 $15,100,000 On or after July 31, 1999 $15,600,000 "EBIDAT" will be calculated as illustrated on Exhibit 4.10(C).

• If such a sale or acquisition occurs, the base EBIDAT figure will be decreased or increased, as appropriate, in the amount of the budgeted EBIDAT or said system which was acquired or disposed of.

• Prior to any Asset Disposition, the Borrower shall deliver a report setting forth the EBIDAT producing assets subject to such Asset Disposition versus the non-EBIDAT producing assets.

• The success fee, when paid, shall be treated by Borrower as an interest expense for purposes of calculating EBIDAT.

• The Borrower shall not permit EBIDAT (a) for the three months ending March 31, 1997 to be less than $500,000, (b) for the six months ending June 30, 1997 to be less than $1,500,000, (c) for the nine months ending September 30, 1997 to be less than $2,250,000, (d) for the twelve months ending December 31, 1997 to be less than $3,500,000 and (e) for the twelve months ending on the last day of each quarter thereafter to be less than the prior quarter's EBIDAT covenant level plus $50,000.

• Date/ Period Amount ------ ------ 27 35 January 31, 1998 $11,100,000 April 30, 1998 $12,500,000 July 31, 1998 $13,200,000 October 31, 1998 $13,500,000 January 31, 1999 $14,000,000 April 30, 1999 $15,100,000 On or after July 31, 1999 $15,600,000 "EBIDAT" will be calculated as illustrated on Exhibit 4.10(C).

More Definitions of EBIDAT

EBIDAT means earnings before interest, depreciation, amortization, and taxes (which is a widely accepted financial indicator of a business' ability to service and/or incur debt) for a Plan year as determined by the Compensation Committee, or alternatively the full Board of Directors, of First Alert, Inc. and on which a percentage of the Plan's corporate objectives is based.

EBIDAT means, without duplication, for any period, the following, each calculated for such period: (a) Net Income; plus (b) any provision for (or less any benefit from) income or franchise taxes included in the determination of Net Income; plus

EBIDAT as applied to any Person, shall mean, for any period, determined on a consolidated basis for such Person and its Consolidated Subsidiaries, such Person's Net Income (Loss) (without deduction of income and franchise taxes accrued and determined in accordance with GAAP) for such period, PLUS (a) Interest Expense paid or accrued during such period, PLUS (b) amortization of depreciation deducted in determining Net Income (Loss) for such period.