EBITDA shall definition

EBITDA shall mean with respect to any Person for any period the sum of (i) Net Income, (ii) Interest Expense, (iii) depreciation and amortization of assets (excluding any depreciation and amortization applicable to Discontinued Operations as of such day), and (iv) federal, state and local income taxes, in each case of such Person for such period, computed and calculated in accordance with GAAP consistently applied.

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EBITDA shall mean Affiliate's consolidated earnings before interest expense, taxes, depreciation, and amortization, on a Trailing Basis (provided, that Affiliate's EBITDA may be adjusted, for purposes of financial covenant calculation and Margins, to include the historical results of new acquisitions if such adjustments are supported by unqualified opinions of certified public accountants acceptable to Bank).

EBITDA shall mean with respect to any Person for any period the sum of (i) Net Income, (ii) Interest Expense, (iii) depreciation and amortization of assets, and (iv) federal, state and local income taxes, in each case of such Person for such period, computed and calculated in accordance with GAAP consistently applied. ELIGIBILITY RESERVES shall mean such amounts as the Lender, in the exercise of its sole discretion, may from time to time establish against the gross amounts of Eligible Receivables or Eligible Inventory to reflect risk or contingencies arising after the Closing Date which may affect such items.

Examples of EBITDA shall in a sentence

• Notwithstanding the foregoing, no decline in revenue or EBITDA shall constitute mismanagement if a comparable decline in revenue or EBITDA has affected Anaren’s Space & Defense Group.

• All determinations of EBITDA shall be derived from the Company’s annual audited financial statements and determined by the Compensation Committee, whose determination shall be conclusive and final.

• Any ratio calculated hereunder that includes Consolidated EBITDA shall look to Consolidated EBITDA for the most recently completed Measurement Period.

• Any determination of Consolidated EBITDA shall be made by reference to the Test Period most recently ended on or prior to the relevant date of determination.

• The term "EBITDA" shall mean earnings before interest, taxes, depreciation, amortization, Leadership Team bonuses, and loss or gain on sale or disposal of assets outside of the ordinary course of business (including sales of stores), all as reflected on the Company's financial statements as regularly and consistently prepared.

• The Certified Applicable EBITDA shall be deemed to be the Applicable EBITDA for the purposes of this Article VIII, and the Certified Cash Flows shall be deemed to be the Cash Flows for the applicable Fiscal Year for the purposes of Exhibit 9.

• For purposes of calculating the Interest Coverage Ratio, Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with the requirements of clause (iii) of the definition of Pro Forma Basis contained herein and Consolidated Interest Expense shall be determined on a Pro Forma Basis in accordance with the requirements of clauses (i) and (ii) of the definition of Pro Forma Basis contained herein as related to applicable Indebtedness.

• EBITDA attributable to equity interests shall be excluded but EBITDA shall include a Person’s Equity Percentage of net income (or loss) from Unconsolidated Affiliates plus its Equity Percentage of interest, depreciation and amortization expense from Unconsolidated Affiliates.

• Each item used in calculating EBITDA shall be determined in accordance with generally accepted accounting principles, consistent with that used in prior periods.

• For purposes of calculating the Net Leverage Ratio, Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the definition of Pro Forma Basis contained herein and Consolidated Net Indebtedness shall be determined on a Pro Forma Basis in accordance with the requirements of the definition of Pro Forma Basis contained herein.

More Definitions of EBITDA shall

EBITDA shall mean for any fiscal quarter, determined for the Borrower and its Subsidiaries in accordance with GAAP on a consolidated basis, the net income for such quarter (as a positive number) adjusted as follows: (i) increased by adding back to such amount, the amount of each of the following expenses actually deducted during such fiscal quarter in the determination of such net income: interest expense, income taxes, depreciation, amortization and noncash items of expense; (ii) if the fiscal quarter for which EBITDA is being determined is the fiscal quarter of the Borrower ended December 31, 2003, then increased by adding back to such amount, the amount equal to the lesser of (y) $5,200,000, and (z) the actual amount of non-recurring charges related to the closing of the Borrower's Brussels, Belgium operations and write off of future lease obligations related to the abandonment of the 28th floor in FreeMarkets Center, which charges are actually deducted during such fiscal quarter in the determination of such net income; (iii) if the fiscal quarter for which EBITDA is being determined is the fiscal quarter of the Borrower ended March 31, 2004 or June 30, 2004, then increased by adding back to such amount, the amount equal to the lesser of (a) $5,000,000, and (b) the actual aggregate amount of any restructuring charges incurred by the Borrower; and (iv) reduced by subtracting from such amount the amount of non-cash income actually included during such fiscal quarter in the determination of such net income. "

EBITDA shall mean Borrower's earnings before charges against income ------ consisting of depreciation of real and personal property, amortization or write-off of goodwill and other intangibles, other non-cash charges (such as the expense of purchased research and development), interest expense, income tax expense, and extraordinary gains or losses. 1.13 Eligible Accounts shall mean on any given date those Accounts in which Bank holds a perfected first lien security interest which are: