EBITDAC definition
EBITDAC means the sum of net income plus (i) interest expense, (ii) taxes, (iii) depreciation and amortization, (iv) consulting fee expense and (v) the amount of any non-cash deduction to consolidated net income as a result of any grant to any members of the management or employees of such Person of any Capital Stock to the extent such deduction is included in the calculation of net income of such Person for such period.
EBITDAC set forth in ss.1.1 of that certain Revolving Credit Agreement As of February 24, 1994 By and Among APCOA, Inc., the First National Bank of Boston and Other Banks Listed on Schedule 1 [thereto], and the First National Bank of Boston as Agent for the Banks (the "Revolving Credit Agreement") plus all bank charges (other than interest) incurred by the Company for such calendar year, and (b) X equals 15% of the Company's Average Invested Capital (as defined below) for the calendar year.