EBITDAP definition

EBITDAP means, for any fiscal period of the New Borrower, an amount equal to:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

EBITDAP means, as measured at any date of determination, for any period, an amount equal to the sum of (a) Net Income (before extraordinary non-cash items and non-cash items in respect of discontinued operations), plus (b) Interest Expense, plus (c) provisions for income taxes, plus (d) depreciation, plus (e) amortization, plus (f) other non-cash expenses in an aggregate amount not to exceed $16,500,000, plus (g) Patronage Dividends. The foregoing calculation shall be adjusted on a pro forma basis to reflect an acquisition or disposition of assets involving consideration in excess of $10,000,000 that occurs after the Closing Date, for the entirety of the applicable period.

EBITDAP means, for any fiscal period of Standard Register, an amount equal to:

Examples of EBITDAP in a sentence

• The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $89,000,000 for the twelve (12) month period ending as of February 28, 2007.

• If (i) the amount of the Earn Out that becomes due under this Section 3.1(i)(A) equals Five Million Dollars ($5,000,000), and (ii) any EBITDAP Adjustment previously has been paid by Seller to Purchaser, then Purchaser shall repay Seller, in addition to the Earn Out, and at the same time of such payment, the amount of such previously paid EBITDAP Adjustment.

• As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall maintain a ratio of (x) EBITDAP for the four Fiscal Quarters of the Borrower then ended to (y) Fixed Charges for the same four Fiscal Quarters then ended of not less than 1.80 to 1.0.

• Credit Suisse calculated implied terminal values for CCR by applying to CCR’s fiscal year 2024 estimated adjusted EBITDAP a selected range of adjusted EBITDAP multiples of 4.0x to 5.0x.

• Unified shall not permit at any fiscal quarter end of Unified beginning with the fiscal quarter ending on September 30, 1999, the ratio of its EBITDAP for such fiscal quarter to its Interest Expense for such fiscal quarter to be less than 1.5 to 1.0.

• The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $190,000,000 for the twelve (12) month period ending as of February 28, 2014.

• As of the last day of each Fiscal Quarter of the Company, the Company shall not permit the ratio of (x) Indebtedness at such time to (y) Consolidated EBITDAP for the four Fiscal quarters of the Company then ended to be greater than 3.50 to 1.00.

• As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the Consolidated Total Funded Debt to EBITDAP Ratio for the four Fiscal Quarters of the Borrower then ended to be greater than 3.50 to 1; provided that the Consolidated Total Funded Debt to EBITDAP Ratio for the four Fiscal Quarters of the Borrower ending June 30, 2012 or for the four Fiscal Quarters of the Borrower ending September 29, 2012 shall not be greater than 4.0 to 1.

• If on any day an EBITDAP Deficit exists, Borrowers shall immediately pay to Agent an amount equal to such EBITDAP Deficit to be applied to the outstanding principal amount of the Term Loans and the Advances in accordance with clause (d) below.

• As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the Consolidated Total Funded Debt to EBITDAP Ratio for the four Fiscal Quarters of the Borrower then ended to be greater than 3.50 to 1; provided that the Consolidated Total Funded Debt to EBITDAP Ratio for the four Fiscal Quarters of the Borrower ending March 30, 2013 shall not be greater than the lesser of (i) 4.50 to 1 or (ii) the ▇▇▇▇ ▇▇▇▇▇▇▇ Leverage Ratio.

More Definitions of EBITDAP

EBITDAP means, with respect to any fiscal period, without duplication, Parent's and its Subsidiaries' Consolidated Net Income, minus extraordinary cash gains and non-cash pension income, plus interest expense, income taxes, depreciation and amortization, non-cash pension expense, costs or expenses paid by Borrowers in connection with Enterprise Valuations and appraisals of Inventory, Equipment and Real Property Collateral pursuant to this Agreement for such period, and the annual and servicing fees payable to Agent pursuant to the Fee Letter for such period, as determined in accordance with GAAP.

EBITDAP means for the particular Borrower or for Unified and for the period in question, the sum of (a) the Net Income of the particular Borrower or Unified for such period, (b) the Interest Expense of the particular Borrower or Unified for such period, (c) the income tax expense of the particular Borrower or Unified for such period, (c) the depreciation expense and amortization expense of the particular Borrower or Unified for such period, and (e) the patronage dividends or

EBITDAP means, as measured at any date of determination, for any period, an amount equal to the sum of (a) net income (before extraordinary non-cash items and non-cash items in respect of discontinued operations), plus (b) Interest Expense, plus (c) provisions for income taxes, plus (d) depreciation, plus (e) amortization of intangible assets, plus (f) other non-cash expenses, plus (g) Patronage Dividends, plus (h) prepayment premiums actually paid in connection with the repayment and termination of the Existing Debt, each as measured for such period.