{"component": "definition", "props": {"groups": [{"samples": [{"hash": "l24JbEK4Zf0", "uri": "/contracts/l24JbEK4Zf0#ebitda-multiple", "label": "Loan Agreement (Almost Family Inc)", "score": 21.0, "published": true}, {"hash": "74nIm9Q5pvD", "uri": "/contracts/74nIm9Q5pvD#ebitda-multiple", "label": "Loan Agreement (Almost Family Inc)", "score": 21.0, "published": true}], "snippet": "for purposes of determining Borrowing Base EBITDA Availability under this Section 2.1A[4] means 3.50.", "size": 4, "snippet_links": [{"key": "for-purposes-of", "type": "clause", "offset": [0, 15]}, {"key": "borrowing-base-ebitda-availability", "type": "definition", "offset": [28, 62]}], "hash": "e23cd3f6cf6c4e7c29e8f026e8988691", "id": 1}, {"samples": [{"hash": "8thlMmMZQ28", "uri": "http://pdf.secdatabase.com/2470/0001193125-18-325662.pdf", "label": "pdf.secdatabase.com", "score": 17.2706947327, "published": false}, {"hash": "l9Vo8LD7szK", "uri": "https://www.sec.gov/Archives/edgar/data/1732036/000119312518325576/d648681dex9913.htm", "label": "General Catalyst Group IX, L.P.", "score": 13.8651609421, "published": false}, {"hash": "jjHAR4bthlT", "uri": "http://pdf.secdatabase.com/1525/0000899681-18-000068.pdf", "label": "pdf.secdatabase.com", "score": 10.1006164551, "published": false}], "snippet": "means a multiple based on Revenue Growth as depicted in Table 1 below for all calculations with respect to the Put Value for Put Notices or Call Notices, as applicable, delivered in 2022 and 2023, and thereafter as depicted in Table 2 below. For purposes of illustration, if the Revenue Growth is less than 10%, then the EBITDA Multiple shall be 9.0x.", "size": 3, "snippet_links": [{"key": "based-on", "type": "definition", "offset": [17, 25]}, {"key": "revenue-growth", "type": "definition", "offset": [26, 40]}, {"key": "table-1", "type": "clause", "offset": [56, 63]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "put-value", "type": "definition", "offset": [111, 120]}, {"key": "put-notices", "type": "clause", "offset": [125, 136]}, {"key": "call-notices", "type": "clause", "offset": [140, 152]}, {"key": "in-table-2", "type": "clause", "offset": [224, 234]}, {"key": "for-purposes-of", "type": "clause", "offset": [242, 257]}], "hash": "0d7fac42f33e4515e7d85581857097b4", "id": 2}, {"samples": [{"hash": "kgbPU8iSuX5", "uri": "/contracts/kgbPU8iSuX5#ebitda-multiple", "label": "Contribution and Assignment Agreement (WndrCo Holdings, LLC)", "score": 29.8651599884, "published": true}, {"hash": "hItrD9VzU3Z", "uri": "/contracts/hItrD9VzU3Z#ebitda-multiple", "label": "Contribution and Assignment Agreement (WndrCo Holdings, LLC)", "score": 29.8651599884, "published": true}, {"hash": "dMOJVwY9oD5", "uri": "/contracts/dMOJVwY9oD5#ebitda-multiple", "label": "Contribution and Assignment Agreement (WndrCo Holdings, LLC)", "score": 29.8651599884, "published": true}], "snippet": "means a multiple based on Revenue Growth as depicted in Table 1 below for all calculations with respect to the Put Value for Put Notices or Call Notices, as applicable, delivered in 2022 and 2023, and thereafter as depicted in Table 2 below. For purposes of illustration, if the Revenue Growth is less than 10%, then the EBITDA Multiple shall be 9.0x. \u201cRecent Financing Equity Value\u201d shall mean the equity value of the Company as implied by any bona fide equity financing or acquisition by Company in excess of $10,000,000 that closed within the 12 months preceding the Put Notice Date or Call Notice Date, as applicable; provided, that such equity value shall be adjusted, as appropriate to account for any preferential rights, preferences and privileges granted to the securities issued or their purchaser.", "size": 3, "snippet_links": [{"key": "based-on", "type": "definition", "offset": [17, 25]}, {"key": "revenue-growth", "type": "definition", "offset": [26, 40]}, {"key": "table-1", "type": "clause", "offset": [56, 63]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "put-value", "type": "definition", "offset": [111, 120]}, {"key": "put-notices", "type": "clause", "offset": [125, 136]}, {"key": "call-notices", "type": "clause", "offset": [140, 152]}, {"key": "in-table-2", "type": "clause", "offset": [224, 234]}, {"key": "for-purposes-of", "type": "clause", "offset": [242, 257]}, {"key": "recent-financing-equity-value", "type": "definition", "offset": [353, 382]}, {"key": "equity-value-of-the-company", "type": "definition", "offset": [399, 426]}, {"key": "bona-fide-equity-financing", "type": "definition", "offset": [445, 471]}, {"key": "company-in", "type": "clause", "offset": [490, 500]}, {"key": "put-notice-date", "type": "definition", "offset": [570, 585]}, {"key": "call-notice-date", "type": "definition", "offset": [589, 605]}, {"key": "to-account", "type": "definition", "offset": [689, 699]}, {"key": "preferential-rights", "type": "definition", "offset": [708, 727]}, {"key": "granted-to", "type": "definition", "offset": [756, 766]}, {"key": "securities-issued", "type": "clause", "offset": [771, 788]}], "hash": "1b1a67c26172e7a6c9a5bb8907dda079", "id": 3}, {"samples": [{"hash": "98zpwkjNkUY", "uri": "/contracts/98zpwkjNkUY#ebitda-multiple", "label": "Employment Agreement (Lindblad Expeditions Holdings, Inc.)", "score": 36.523613963, "published": true}, {"hash": "9MdANdb795W", "uri": "/contracts/9MdANdb795W#ebitda-multiple", "label": "Employment Agreement (Lindblad Expeditions Holdings, Inc.)", "score": 33.9856262207, "published": true}, {"hash": "rlFayQ03wi", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0001512499/01cb0700-bd7b-4929-9549-419fbe3aa58a.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 11.635181427, "published": false}], "snippet": "means 7.0.", "size": 3, "snippet_links": [], "hash": "d90ebc52b4f4983db40472b13b559a84", "id": 4}, {"samples": [{"hash": "ePpI5L5mzrk", "uri": "/contracts/ePpI5L5mzrk#ebitda-multiple", "label": "Loan Agreement (Total Entertainment Restaurant Corp)", "score": 18.0, "published": true}, {"hash": "1kIXMNbbWoa", "uri": "/contracts/1kIXMNbbWoa#ebitda-multiple", "label": "Loan Agreement (Total Entertainment Restaurant Corp)", "score": 18.0, "published": true}], "snippet": "means the factor 2.25.", "size": 2, "snippet_links": [{"key": "the-factor", "type": "definition", "offset": [6, 16]}], "hash": "7edd309449cdfaa21d5cd0d157856b94", "id": 5}, {"samples": [{"hash": "aSH8wdhVLOY", "uri": "/contracts/aSH8wdhVLOY#ebitda-multiple", "label": "Contribution and Assignment Agreement (Stanfield Michael R)", "score": 29.8295688629, "published": true}, {"hash": "6Q3P9AXLiQY", "uri": "/contracts/6Q3P9AXLiQY#ebitda-multiple", "label": "Contribution and Assignment Agreement (Stanfield Michael R)", "score": 27.8295688629, "published": true}], "snippet": "means a multiple based on Revenue Growth as depicted in Table 1 below for all calculations with respect to the Put Value for Put Notices or Call Notices, as applicable, delivered in 2022 and 2023, and thereafter as depicted in Table 2 below. For purposes of illustration, if the Revenue Growth is less than 10%, then the EBITDA Multiple shall be 9.0x. \u201cRecent Financing Equity Value\u201d shall mean the equity value of the Company as implied by any bona fide equity financing or acquisition by Company in excess of $10,000,000 that closed within the 12 months preceding the Put Notice Date or Call Notice Date, as applicable; provided, that such equity value shall be adjusted, as appropriate to account for any preferential rights, preferences and privileges granted to the securities issued or their purchaser. \u201cRevenue\u201d shall mean total revenue of the Company for the specified period determined in accordance with US GAAP, but excluding all FIG Revenue. \u201cFIG Revenue\u201d shall mean any revenue received by Company from subscribers or customers serviced under agreements with financial institution clients; provided that such subscribers or customers, and the relevant agreements, existed on the date of the letter agreement that this Put/Call Term Sheet is attached to. By way of example, the FIG Revenue during the period January through September 2018 is set forth on Appendix A hereto.", "size": 2, "snippet_links": [{"key": "based-on", "type": "definition", "offset": [17, 25]}, {"key": "revenue-growth", "type": "definition", "offset": [26, 40]}, {"key": "table-1", "type": "clause", "offset": [56, 63]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "put-value", "type": "definition", "offset": [111, 120]}, {"key": "put-notices", "type": "clause", "offset": [125, 136]}, {"key": "call-notices", "type": "clause", "offset": [140, 152]}, {"key": "in-table-2", "type": "clause", "offset": [224, 234]}, {"key": "for-purposes-of", "type": "clause", "offset": [242, 257]}, {"key": "recent-financing-equity-value", "type": "definition", "offset": [353, 382]}, {"key": "equity-value-of-the-company", "type": "definition", "offset": [399, 426]}, {"key": "bona-fide-equity-financing", "type": "definition", "offset": [445, 471]}, {"key": "company-in", "type": "clause", "offset": [490, 500]}, {"key": "put-notice-date", "type": "definition", "offset": [570, 585]}, {"key": "call-notice-date", "type": "definition", "offset": [589, 605]}, {"key": "to-account", "type": "definition", "offset": [689, 699]}, {"key": "preferential-rights", "type": "definition", "offset": [708, 727]}, {"key": "granted-to", "type": "definition", "offset": [756, 766]}, {"key": "securities-issued", "type": "clause", "offset": [771, 788]}, {"key": "total-revenue", "type": "definition", "offset": [830, 843]}, {"key": "specified-period", "type": "definition", "offset": [867, 883]}, {"key": "in-accordance-with", "type": "definition", "offset": [895, 913]}, {"key": "us-gaap", "type": "clause", "offset": [914, 921]}, {"key": "but-excluding", "type": "clause", "offset": [923, 936]}, {"key": "fig-revenue", "type": "definition", "offset": [941, 952]}, {"key": "received-by", "type": "definition", "offset": [991, 1002]}, {"key": "financial-institution", "type": "definition", "offset": [1072, 1093]}, {"key": "provided-that", "type": "clause", "offset": [1103, 1116]}, {"key": "relevant-agreements", "type": "clause", "offset": [1156, 1175]}, {"key": "date-of", "type": "clause", "offset": [1192, 1199]}, {"key": "the-letter-agreement", "type": "clause", "offset": [1200, 1220]}, {"key": "term-sheet", "type": "definition", "offset": [1240, 1250]}, {"key": "during-the-period", "type": "clause", "offset": [1302, 1319]}, {"key": "september-2018", "type": "clause", "offset": [1336, 1350]}, {"key": "appendix-a", "type": "clause", "offset": [1367, 1377]}], "hash": "996c7ff9a236e4543f5bdfffec4c3555", "id": 6}, {"samples": [{"hash": "a5pUeyPEOPQ", "uri": "/contracts/a5pUeyPEOPQ#ebitda-multiple", "label": "Loan Agreement (Eldorado Resorts, Inc.)", "score": 29.7474327087, "published": true}, {"hash": "eyMClnxuVn7", "uri": "https://investor.caesars.com/static-files/bc9c49cf-0b41-480f-8d78-13eaf1f7afdd", "label": "investor.caesars.com", "score": 10.0143737793, "published": false}], "snippet": "means (i) during the period commencing on the Closing Date and ending on the day prior to the first anniversary of the Closing Date, 11, (ii) during the period commencing on the first anniversary of the Closing Date and ending on the day prior to the second anniversary of the Closing Date, 10.79, and (iii) during any extension period, the applicable EBITDA Multiple derived by dividing 1.0 by the Note Rate applicable to such extension period.", "size": 2, "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [10, 27]}, {"key": "commencing-on-the-closing-date", "type": "clause", "offset": [28, 58]}, {"key": "the-day", "type": "definition", "offset": [73, 80]}, {"key": "prior-to-the", "type": "clause", "offset": [81, 93]}, {"key": "first-anniversary", "type": "clause", "offset": [94, 111]}, {"key": "second-anniversary", "type": "definition", "offset": [251, 269]}, {"key": "extension-period", "type": "clause", "offset": [319, 335]}, {"key": "applicable-ebitda-multiple", "type": "definition", "offset": [341, 367]}, {"key": "applicable-to", "type": "clause", "offset": [409, 422]}], "hash": "2621d84923c7fcd25069204487b83e1f", "id": 7}, {"samples": [{"hash": "jfiEvo19Smz", "uri": "/contracts/jfiEvo19Smz#ebitda-multiple", "label": "Loan Agreement (Total Entertainment Restaurant Corp)", "score": 18.0, "published": true}, {"hash": "f718GDHEreg", "uri": "/contracts/f718GDHEreg#ebitda-multiple", "label": "Loan Agreement (Total Entertainment Restaurant Corp)", "score": 18.0, "published": true}], "snippet": "means the factor 2.5 from the date of this Agreement until March 31, 1999, and the factor 2.25 commencing April 1, 1999.", "size": 2, "snippet_links": [{"key": "the-factor", "type": "definition", "offset": [6, 16]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [30, 52]}, {"key": "april-1", "type": "definition", "offset": [106, 113]}], "hash": "d937272c1915d5266902a15546281bef", "id": 8}, {"samples": [{"hash": "eNUxImk3LfA", "uri": "/contracts/eNUxImk3LfA#ebitda-multiple", "label": "Revolving Credit Agreement (Nuco2 Inc /Fl)", "score": 18.0, "published": true}], "snippet": "Gross Margin\", \"Gross Margin Factor\", \"Revolving Loan Commitment\" or \"Required Lenders\", to amend or modify Schedule 1.01, or the provisions of Section 10.07 or of this Section 10.02;", "size": 2, "snippet_links": [{"key": "gross-margin", "type": "definition", "offset": [0, 12]}, {"key": "margin-factor", "type": "definition", "offset": [22, 35]}, {"key": "revolving-loan-commitment", "type": "definition", "offset": [39, 64]}, {"key": "required-lenders", "type": "clause", "offset": [70, 86]}, {"key": "to-amend", "type": "definition", "offset": [89, 97]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [126, 151]}], "hash": "0e84f65735b87ef817aec972a302d80e", "id": 9}, {"samples": [{"hash": "7ihfPDBvrm0", "uri": "/contracts/7ihfPDBvrm0#ebitda-multiple", "label": "Equity Purchase Agreement (Caseys General Stores Inc)", "score": 33.5653648376, "published": true}], "snippet": "has the meaning set forth on Schedule 1.1(a).", "size": 1, "snippet_links": [{"key": "on-schedule", "type": "definition", "offset": [26, 37]}], "hash": "a7c46f47f20c991b6f27fcb235cbcdc1", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYZWJpdGRhLW11bHRpcGxlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "EBITDA Multiple", "snippet": "for purposes of determining Borrowing Base EBITDA Availability under this Section 2.1A[4] means 3.50.", "size": 47, "id": "ebitda-multiple", "examples": ["For purposes of illustration, if the Revenue Growth is less than 10%, then the <strong>EBITDA Multiple</strong> shall be 9.0x.", "The \u201cPut Value\u201d shall mean, as of the Put Notice Date, the greatest of (a) the Revenue Multiple multiplied by Revenue for the prior calendar year, (b) the <strong>EBITDA Multiple</strong> multiplied by EBITDA, and (c) the Recent Financing Equity Value.", "Business\u2019 total originations for such trailing twelve months and (B) either (1) the Qualifying Target <strong>EBITDA Multiple</strong> paid by Cendant if such multiple is less than *CONFIDENTIAL, or (2) *CONFIDENTIAL if the Qualifying Target <strong>EBITDA Multiple</strong> paid by Cendant is *CONFIDENTIAL or greater.", "Fair Market Value of the Series A Common Stock at any time shall equal the average of the amounts determined by taking the arithmetic average of (A) the product of (i) the Blended <strong>EBITDA Multiple</strong> and (ii) EXCO EBITDA and (B) the product of (i) the Blended Asset Value Multiple and (ii) EXCO Asset Value.", "On or before seventy five (75) days from the last day of the <strong>EBITDA Multiple</strong> Amount calculation date, Buyer shall deliver to Seller a statement specifying the EBITDA and, based thereon, Buyer\u2019s calculation of the Earnout, if any (the \u201cFirst Earnout Statement\u201d).", "Within the similar time frame following the <strong>EBITDA Multiple</strong> Amount calculation date for each of the four years thereafter, Buyer shall deliver to Seller a statement specifying the EBITDA Excess Amount and, based thereon, Buyer\u2019s calculation of the Earnout, if any (such statements, together with the First Earnout Statement, are each referred to herein as an \u201cEarnout Statement\u201d).", "The results of these analyses are summarized as follows: Era EV / NTM <strong>EBITDA Multiple</strong> Over Last 25th Percentile .", "Determined Value and <strong>EBITDA Multiple</strong> in connection with the Right to Put shall be determined as set forth in ss.", "Remedent represents and warrants that even though a Change of Control of Den-Mat has occurred under Section 11.1 of the DLMA, the Exit Fee calculated under Section 11.2 of the DLMA is zero when using the <strong>EBITDA Multiple</strong> as defined in Schedule 1(j) of the DLMA and that Remedent has had a full and fair opportunity to review, and will not challenge, such calculation.", "If the Acquired Companies Final EBITDA, as finally determined pursuant to either Section 2.7(a)(i) or Section 2.7(a)(ii) above, is greater than the Acquired Companies Initial EBITDA, Buyer shall pay to each Seller, in accordance with Section 2.7(c), the product of (i) such excess, multiplied by (ii) such Seller\u2019s Percentage Share, multiplied by (iii) such Seller\u2019s <strong>EBITDA Multiple</strong> (the \u201cEBITDA Excess Adjustment Amount\u201d)."], "related": [["adjusted-ebitda-margin", "Adjusted EBITDA Margin", "Adjusted EBITDA Margin"], ["ebitda-margin", "EBITDA Margin", "EBITDA Margin"], ["ltm-ebitda", "LTM EBITDA", "LTM EBITDA"], ["cumulative-ebitda", "Cumulative EBITDA", "Cumulative EBITDA"], ["severance-multiple", "Severance Multiple", "Severance Multiple"]], "related_snippets": [], "updated": "2025-07-13T05:45:30+00:00"}, "json": true, "cursor": ""}}