EBITDA Test Period definition

EBITDA Test Period means, for any Dividend Payment Date, the twelve (12) full months ending on such Dividend Payment Date.
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EBITDA Test Period means the 2 consecutive fiscal quarter period then or most recently ended.
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EBITDA Test Period means the period commencing on the Refinancing Term Loan Disbursement Date through December 31, 2008.
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Examples of EBITDA Test Period in a sentence

  • For each EBITDA Test Period (as defined below), Borrower shall achieve EBITDA of not less than the required amount set forth below [note: amounts shown below within pointed brackets ( < $ > ) are negative amounts]: As used herein, the term “EBITDA Test Period” means the 2 consecutive fiscal quarter period then or most recently ended.

  • Holdings will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Millions) ----------- ------------ December 31, 1999....................................................................................

  • The Borrower will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Millions) ----------- ------------ September 30, 1997 ......................

  • The Borrower will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Thousands) ----------- ------------- March 31, 1998 .

  • EBITDA certificate no later than 30 days after close of each fiscal quarter during the EBITDA Test Period, certifying the EBITDA for the twelve-month period; xiv.

  • During the EBITDA Test Period, no failure of the Applicable Minimum EBITDA has occurred and no Lock-Up Period is outstanding; v.

  • Applicable EBITDA At each distribution date during the period from Minimum the Term Loan Disbursement Date through December 31, 2008 (the "EBITDA Test Period"), trailing 12 month EBITDA (on a pro forma basis, as if all facilities had been owned for the full twelve months) shall exceed the following levels: Year Minimum EBITDA ---- -------------- 2006 $66.9 million 2007 $71.9 million 2009 $77.5 million 33.

  • The Company will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Millions) ----------- ------------- October 31, 1998 ............................

  • Based on an EBITDA of approximately $11.7 million for the EBITDA Test Period for December 31, 2004, Holder hereby waives, for all purposes under the Articles, any increase in the Dividend Rate with respect to the Dividend Period ending on March 31, 2005 as a result of the EBITDA Test Failure for the December 31, 2004 Dividend Payment Date.


More Definitions of EBITDA Test Period

EBITDA Test Period means each of the periods set forth in the table below. When used in this Agreement, a numerical reference to a specific EBITDA Test Period (for instance, “EBITDA Test Period 1”), means the EBITDA Test Period that corresponds to such numerical reference under the heading “EBITDA Test Period” in the table below. EBITDA Test Period EBITDA Test Period Begins EBITDA Test Period ends EBITDA Test Period 1 December 27, 2008 January 24, 2009 EBITDA Test Period 2 December 27, 2008 February 21, 2009 EBITDA Test Period 3 December 27, 2008 March 21, 2009 EBITDA Test Period 4 December 27, 2008 April 18, 2009 EBITDA Test Period 5 December 27, 2008 May 16, 2009 EBITDA Test Period 6 December 27, 2008 June 13, 2009 EBITDA Test Period 7 December 27, 2008 July 11, 2009 EBITDA Test Period 8 December 27, 2008 August 8, 2009 EBITDA Test Period 9 December 27, 2008 September 5, 2009 EBITDA Test Period 10 December 27, 2008 October 3, 2009 EBITDA Test Period 11 December 27, 2008 October 31, 2009 EBITDA Test Period 12 December 27, 2008 November 28, 2009 EBITDA Test Period 13 December 27, 2008 December 26, 2009 EBITDA Test Period 14 December 27, 2008 January 23, 2010 EBITDA Test Period 15 December 27, 2008 February 20, 2010 EBITDA Test Period 16 December 27, 2008 Mxxxx 00, 0000 XXXXXX Test Period 17 December 27, 2008 April 17, 2010 EBITDA Test Period 18 December 27, 2008 May 15, 2010
Sample 1

Related to EBITDA Test Period

  • Test Period on any date of determination, the period of four consecutive fiscal quarters of the Borrower (in each case taken as one accounting period) most recently ended on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.1.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Cash Flow Leverage Ratio means as of the last day of any calendar quarter the ratio of the Total Funded Debt as of such day to Adjusted EBITDA for the four calendar quarters then ended.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Adjusted EBITDA means, for the twelve (12) month period preceding the calculation date, for any Person, the sum of (a) Net Income, plus (b) to the extent deducted in determining Net Income, the sum, without duplication, of such Person’s (i) Interest Expense, (ii) income tax expense, including, without limitation, taxes paid or accrued based on income, profits or capital, including state, franchise and similar taxes and foreign withholding taxes, (iii) depreciation and amortization (including, without limitation, amortization of goodwill and other intangible assets), (iv) extraordinary losses and non-recurring non-cash charges and expenses, (v) all other non-cash charges, expenses and interest (including, without limitation, any non-cash losses in respect of Hedge Agreements, non-cash impairment charges, non-cash valuation charges for stock option grants or vesting of restricted stock awards or any other non-cash compensation charges, and losses from the early extinguishment of Indebtedness), (vi) non-recurring integration costs and expenses resulting from operational changes and improvements (including, without limitation, severance costs and business optimization expenses) and (vii) non-recurring charges and expenses, restructuring charges, transaction expenses (including, without limitation, transaction expenses incurred in connection with any merger or acquisition) and underwriters’ fees, and severance and retention payments in connection with any merger or acquisition, in each case for such period, less extraordinary gains and cash payments (not otherwise deducted in determining Net Income) made during such period with respect to non-cash charges that were added back in a prior period; provided, however, (A) with respect to any Person that became a Subsidiary of the Borrower, or was merged with or consolidated into the Borrower or any of its Subsidiaries, during such period, or any acquisition by the Borrower or any of its Subsidiaries of the assets of any Person during such period, “Adjusted EBITDA” shall, at the option of the Borrower in respect of any or all of the foregoing, also include the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such acquisition, merger or consolidation, including any concurrent transaction entered into by such Person or with respect to such assets as part of such acquisition, merger or consolidation, had occurred on the first day of such period and (B) with respect to any Person that has ceased to be a Subsidiary of the Borrower during such period, or any material assets of the Borrower or any of its Subsidiaries sold or otherwise disposed of by the Borrower or any of its Subsidiaries during such period, “Adjusted EBITDA” shall exclude the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such sale or disposition of such Subsidiary or such assets had occurred on the first day of such period.

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • LCA Test Date has the meaning assigned to such term in Section 1.06.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.