EBITDA Adjustments definition

EBITDA Adjustments means, with respect to any Loan Asset, as identified in the related Underlying Instrument and calculated as of the date on which such Underlying Instrument was executed or, if the meaning of "runrate," "cost savings," "synergies," "expected revenue" or any comparable definitions in the Underlying Instrument for such Loan Asset were amended or modified, calculated as of the date on which such underlying amendment was executed, the sum of:

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EBITDA Adjustments means, for any Property for any period, appropriate accruals for items such as taxes, insurance, or other expenses determined by Borrower (subject to the reasonable approval of Administrative Agent), a management fee equal to the greater of actual fees incurred or two percent (2%) of in place actual rents, and a reserve of $1 per square foot per year for office Properties and $0.25 per square foot for industrial Properties, all as determined in accordance with accounting principles reasonably acceptable to Administrative Agent, consistently applied.

EBITDA Adjustments means, with respect to any Loan Asset, as identified in the related Underlying Instrument and calculated as of the date on which such Underlying Instrument was executed (such calculation shall include any unrealized “runrate” earnings or cost savings (excluding adjustments to owner’s or management compensation) and expected revenue or unrealized cost synergies (excluding adjustments to owner’s or management compensation) and any other adjustments as determined by the Servicer in accordance with the Servicing Standard) or, if the meaning of “runrate,” “cost savings,” “synergies,” “expected revenue” or any comparable definitions in the Underlying Instrument for such Loan Asset were amended or modified, calculated as of the date on which such underlying amendment was executed, the sum of:

Examples of EBITDA Adjustments in a sentence

For purposes of this Agreement, the Consolidated Leverage Ratio and components thereof shall be calculated in accordance with the Credit Agreement, including the inclusion of Material Project EBITDA Adjustments and pro forma concepts to the extent permitted by the Credit Agreement.
For purposes of calculating compliance with this Section 6.09, Consolidated EBITDA may include, at the Borrower’s option, any Material Project EBITDA Adjustments as provided in the definition thereof.
The Borrower shall maintain, as of the last day of each fiscal quarter, a Consolidated Leverage Ratio of no greater than (x) during an Acquisition Period, 5.5 to 1.0 and (y) at all other times, 5.0 to 1.0. For purposes of calculating compliance with the foregoing Consolidated Leverage Ratio, Consolidated EBITDA may include, at the Borrower’s option, any Qualified Project EBITDA Adjustments as provided in the definition thereof.
Material Project EBITDA Adjustments for Subject Period: $ Attach detailed explanation identifying each Material Project and indicating Material Project EBITDA Adjustments attributable to it C.
Description of EBITDA Adjustments Description of items that are added to Unadjusted EBITDA to determine Adjusted EBITDA.
The EBITDA Certificate in question, after giving effect to any EBITDA Adjustments and to the resolution of disputed matters by the Accounting Firm, shall be final and binding.
The Borrower shall maintain, as of the last day of each fiscal quarter commencing with the last day of the fiscal quarter ending September 30, 2013, a Consolidated Leverage Ratio of no greater than (x) during an Acquisition Period, 5.5 to 1.0 and (y) at all other times, 5.0 to 1.0. For purposes of calculating compliance with the foregoing Consolidated Leverage Ratio, Consolidated EBITDA may include, at the Borrower’s option, any Qualified Project EBITDA Adjustments as provided in the definition thereof.
The Issuer shall have delivered to the Purchasers a copy of the certificate provided to the lenders under the Credit Agreement, which sets forth the Material Project EBITDA Adjustments that have been made in accordance with Credit Agreement in connection with the calculation of Consolidated EBITDA for the period of four (4) fiscal quarters ending on June 30, 2008.
Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower (or, if ENLC is a Guarantor, ENLC) (i) occurring other than during an Acquisition Period, to be greater than 5.00 to 1.00, or (ii) occurring during an Acquisition Period, to be greater than 5.50 to 1.00; provided that, for purposes of this Section 7.08(a), Consolidated EBITDA may include, at Borrower’s option, any Material Project EBITDA Adjustments.
The Borrower will not permit the Leverage Ratio, as of the last day of any fiscal quarter commencing with the first full fiscal quarter ending after the Effective Date, (i) occurring other than during an Acquisition Period, to be greater than 5.00 to 1.00, or (ii) occurring during an Acquisition Period, to be greater than 5.50 to 1.00; provided that for purposes of this Section 6.17, EBITDA may include, at Borrower’s option, any Material Project EBITDA Adjustments.

More Definitions of EBITDA Adjustments

EBITDA Adjustments. EBITDA Value," "Majority Lenders," "Occupancy Rate," "Required Lenders," "Pro Rata Share," "Total Commitment," or "Unencumbered Property;"

EBITDA Adjustments. For the following fiscal quarters, EBITDA Adjustments shall be as follows:

EBITDA Adjustments means (a) for calculations including any fiscal quarters in the fiscal years of the Company ending October 29, 2000 and October 28, 2001, non-cash charges taken by the Company during such fiscal quarters in connection with the Company’s “Action 2000 Plan” up to an aggregate amount, for all such changes, not to exceed $11,000,000, and (b) in addition to the amounts set forth in clause (a), other non-cash charges taken by the Company during any fiscal quarter of the Company in accordance with GAAP, up to an aggregate amount for all such charges during any period of four consecutive fiscal quarters of the Company, not to exceed $8,000,000. “Consolidated Interest Expense” of the Company and its Subsidiaries for any period means, on a consolidated basis, eliminating inter-company items in accordance with GAAP the sum of (a) (i) all interest in respect of Debt of the Company and its Subsidiaries (including the interest component on Rentals on Capital Leases) accrued or capitalized during such period (whether or not actually paid during such period), (ii) all amortization of debt discount and expense on all Debt (including, without limitation, payment-in-kind, zero coupon and other like Securities) for which such calculations are being made and (iii) all program expenses under any receivables securitization program, plus (b)(i) without duplication, the interest expense for such period of Persons acquired by the Company and its Subsidiaries during the most recently completed four fiscal quarters to the extent that such interest expense of Persons acquired is confirmed by audited financial or other credible information relied upon by the Company in good faith (which other information need not be audited or auditable), minus (ii) the interest expense for such period of Persons disposed of by the Company and its Subsidiaries during the most recently completed four fiscal quarters. Computations of Consolidated Interest Expense on a pro forma basis for Debt having a variable interest rate shall be calculated at the rate in effect on the date of any determination.

EBITDA Adjustments. Equity Issuance," "Existing Line of Credit," "Fixed Charges," "Funds from Operations," "Indebtedness," "Liabilities," "Permitted Distributions," "Permitted Recourse Debt," "Permitted Redemptions," "Recourse Debt," and "Total Assets" in their entirety and replace such definitions with the following:

EBITDA Adjustments means the following pro-rated EBTIDA amounts of Herco Jewelry Co., for each of the following fiscal quarter-end test dates: 3/31/23: $2,917,187; 6/30/23: $2,042,031; 9/30/23: $1,166,875; and 12/31/23: $291,719.