EBITDA Formula definition

EBITDA Formula refers to the average earnings before interest, taxes, depreciation and amortization reflected on the income statement of the Company for the last 2 full fiscal year of the Company occurring before the Triggering Event multiplied by the indicated multiple minus (i) any debt on the Company’s balance sheet on the last day of the second year used to make the calculation, and (ii) any outstanding Cumulative Preferred Return and unrecovered Capital Contribution for Preferred Units on that same date.
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EBITDA Formula means (x)(I) 8.5 multiplied by Trailing Four Quarter EBITDA less
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EBITDA Formula means the determination of the baseline EBITDA margin for the calculation of each Earn-Out Payment as follows:
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Examples of EBITDA Formula in a sentence

  • The EBITDA margins set forth in the EBITDA Formula may be adjusted with the prior written consent of the parties hereto should opportunities arise that both the Purchaser and Seller agree are in the best interest of the Corporation.

  • Except as otherwise provided in this Agreement, any such issuance of Additional Units to raise equity capital shall take the form of the issuance of additional Class A Units at a price per Class A Unit equal to the greater of: (i) the price per Class A Unit paid in the most recent financing round (which shall initially be $10 per Class A Unit and thereafter shall be the price per Class A Unit calculated using this Section 3.05(c) in financings subsequent thereto) or (ii) the EBITDA Formula Price.

  • No later than ninety (90) calendar days following the end of the relevant Calculation Period, the Purchaser shall provide written notice (each, an “Earn-Out Notice”) to the Sellers setting forth its good faith calculation (including reasonable supporting detail with respect to such calculation) of the EBITDA margin in accordance with the EBITDA Formula and the Earn-Out Payment due, if any.

  • If the EBITDA for a particular Calculation Period does not exceed the applicable EBITDA margin as determined by the EBITDA Formula, no Earn-Out Payment shall be due for such Calculation Period.


More Definitions of EBITDA Formula

EBITDA Formula in Exhibit A is hereby amended to read as follows:
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