EBITDA Adjustment Amount has the meaning specified in Section 2.2(a)(iii).
EBITDA Adjustment Amount means, at any time of determination, an amount equal to 80% of the aggregate amount of the EBITDA of each bowling center acquired or constructed by the Borrower or any of its Subsidiaries after the First Closing Date and acquired or constructed at least 15 months prior to such time of determination, as reflected in the certificate most recently required to be furnished to the Lender Parties pursuant to Section 5.03(b) or (c), as the case may be, provided that for purposes hereof, the time of any such acquisition shall be the date of consummation of such acquisition and the time of any such construction shall be the date of the opening of such bowling center for business.
EBITDA Adjustment Amount means, for any period, the amount, if any, by which the amount of EOI’s revenues, on a consolidated basis, taken into account in the calculation of EBITDA for such period which is attributable to “management and leasing services”, “management fees”, “Promote” and, if any, without duplication, revenues attributable to Promote from Unconsolidated Affiliates (as such term is defined in the definition of “EBITDA”) for such period, exceeds an amount equal to 30% (thirty percent) of the total revenues of EOI for such period.
Examples of EBITDA Adjustment Amount in a sentence
If the EBITDA Adjustment Amount is zero or a negative number, no amount shall be paid to the Purchaser.
In the event that the Second Closing fails to occur solely by reason other than the Seller’s default in the performance of its closing obligations in respect of the Second Closing, the Purchaser shall pay 10% of the EBITDA Adjustment Amount to the Seller within 10 Business Days after Second Closing Date.
In the event that the Adjusted EBITDA for Academic Year 2020 is less than SGD51,400,000, the Consideration will be adjusted by the EBITDA Adjustment Amount.
If it is finally determined pursuant to the provisions of this Section 2.3(c) that there is an Annualized EBITDA Deficiency, then within two (2) days after all Disputed Calculations with respect thereto have been resolved, Seller shall pay to Buyer the EBITDA Adjustment Amount that has not been paid by Seller pursuant to Section 2.3(c)(iv)(C) hereof.
Notwithstanding the foregoing, the aggregate amount of the EBITDA Adjustment Amount and the Net Book Value Adjustment Amount (collectively, “Aggregate Adjustment Amount”) shall not exceed $15 million.
More Definitions of EBITDA Adjustment Amount
EBITDA Adjustment Amount means, with respect to any Asset Sale (other than a Sale/leaseback) consummated on or after the Supplemental Indenture Effective Date involving an operating unit, or a material portion of the assets of an operating unit, of the Company and its Subsidiaries, that portion of Consolidated EBITDA attributable to such operating unit or material portion of the assets thereof for the most recent period of four consecutive fiscal quarters ending prior to the date of such Asset Sale for which the relevant financial information is available, as certified in reasonable detail to the Trustee by the Chief Financial Officer of the Company.
EBITDA Adjustment Amount means an amount equal to the ------------------------ product of 5.42 times the Annualized EBITDA Deficiency.
EBITDA Adjustment Amount means an amount, if any, equal to eight times the EBITDA Deficiency.
EBITDA Adjustment Amount means the amount (which may be positive or negative), if any, by which the WCN Baseline EBITDA Amount is more than $1,500,000 greater than the RSG Baseline EBITDA Amount (a “Positive EBITDA Amount”) or more than $1,500,000 less than the RSG Baseline EBITDA Amount (a “Negative EBITDA Amount”). For instance, if the WCN Baseline EBITDA Amount is $1,550,000 greater than the RSG Baseline EBITDA, then the Positive EBITDA Amount would be $50,000; and if the WCN Baseline EBITDA Amount is $1,550,000 less than the RSG Baseline EBITDA Amount, then the Negative EBITDA Amount would be $50,000. For purposes of calculating the EBITDA Adjustment Amount, if (A) a Positive EBITDA Amount exists, and the surplus is attributable to more than one collection, transfer station or landfill Asset included within the Assets, then such Positive EBITDA Amount shall automatically be deemed allocated first to the individual collection, transfer station or landfill Asset that has the largest EBITDA surplus and then such allocation shall automatically continue in descending order to the remaining individual collection, transfer station or landfill Assets that have an EBITDA surplus until such Positive EBITDA Amount has been fully allocated to all such Assets; and (B) a Negative EBITDA Amount exists, and the shortfall is attributable to more than one collection, transfer station or landfill Asset included within the Assets, then such Negative EBITDA Amount shall automatically be deemed allocated first to the individual collection, transfer station or landfill Asset that has the largest EBITDA shortfall and then such allocation shall automatically continue in descending order to the remaining individual collection, transfer station or landfill Assets that have an EBITDA shortfall until such Negative EBITDA Amount has been fully allocated to all such Assets; and
EBITDA Adjustment Amount as defined in Section 2.8(b).
EBITDA Adjustment Amount of the Seller Representative or Established Restaurants (which may be a positive or negative number) will be equal to the product of (i) the amount determined by subtracting the Closing EBITDA from the Estimated EBITDA, multiplied by (ii) five and one-half (5.5).
EBITDA Adjustment Amount means an amount equal to the product of (x) the amount (if any) by which the Normalized EBITDA is less than the EBITDA Target multiplied by [***] provided that in no event shall the EBITDA Adjustment Amount be in excess of [***]. For the avoidance of doubt, if the Normalized EBITDA is greater than the EBITDA Target, the EBITDA Adjustment Amount shall be zero (0).