EBITDA Run Rate definition

EBITDA Run Rate means an amount equal to the sum of (i) the product of (x) two and (y) the aggregate "Per Contract EBITDA" (as defined below) for the period from July 1, 2001 through December 31, 2001 resulting from each contract which constitutes New Business commencing on or before June 30, 2001, and (ii) the product of (x) two and (y) the aggregate "Per Contract EBITDA" for the first six months of operations resulting from each contract which constitutes New Business commencing on or after July 1, 2001. For purposes of this definition, the term "Per Contract EBITDA" shall mean an amount equal to (i) revenue from each contract constituting New Business, minus (ii) the direct costs and expenses related to each contract constituting New Business, minus (iii) an allocated portion of all other expenses taken into account in calculating EBITDA (other than direct costs and expenses related to contracts not constituting New Business), which allocation shall be based upon the number of claims processed under each such contract constituting New Business as compared to the number of claims processed under all contracts, including both contracts which constitute New Business and contracts which do not constitute New Business.
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Examples of EBITDA Run Rate in a sentence

  • Within 75 calendar days after April 1, 2002, the Buyer shall prepare, the Accountants shall review, and the Buyer shall deliver to AHG a statement reflecting the EBITDA Run Rate (the "Run Rate Statement"), which statement will be determined on a basis consistent with the financial statements of the Buyer and the Parent for the fiscal years ending September 30, 1999, 2000 and 2001.

  • The Year 3 Run Rate Earn-Out, if any, shall be paid within 5 Business Days of final determination of the EBITDA Run Rate pursuant to Section 3.3(c) and shall be paid to AHG, in cash by wire transfer of immediately available funds.

  • The "run rate" will be determined by the Buyer in good faith and consistent with the methodology used for computing the EBITDA Run Rate.