EBITDDA definition
EBITDDA means, for any period for which a determination thereof is to be made, without duplication, the sum of the amounts for such period of (i) Consolidated Net Income, (ii) Consolidated Interest Expense, (iii) depreciation expense and depletion expense, (iv) amortization expense, (v) federal and state taxes, (vi) other non-cash charges and expenses and (vii) any losses arising outside of the ordinary course of business which have been included in the determination of Consolidated Net Income less any gains arising outside of the ordinary course of business which have been included in the determination of Consolidated Net Income, all as determined on a consolidated basis for the Company and the Consolidated Subsidiaries.
EBITDDA means for any period, the sum of (a) Income Before Taxes, plus (b) Net Interest Expense to the extent included in the determination of Income Before Taxes, plus (c) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind to the extent included in the determination of Income Before Taxes, plus (d) all amounts treated as expenses for the depletion of Timber from the Timberlands owned by the Borrower or any of its consolidated Subsidiaries to the extent included in the determination of Income Before Taxes, plus (e) non-cash special charges that will not be settled in cash in subsequent periods, not to exceed $100,000,000 in the aggregate from the Closing Date, to the extent deducted in computing Income Before Taxes.
EBITDDA means for any period, the net income (or net loss) for such period, excluding any extraordinary gains or losses and taxes associated therewith, plus, to the extent deducted in the determination of net income, the sum of (a) interest expense, (b) income tax expense, (c) depreciation expense, (d) depletion expense, and (e) amortization expense, in each case determined for the Company and its consolidated Subsidiaries on a combined basis in accordance with GAAP for such period.
Examples of EBITDDA in a sentence
At no time shall the ratio of the Parent's Consolidated Total Indebtedness to its Consolidated EBITDDA for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, exceed 2.50 to 1.00.
At no time shall the ratio of the Parent's Consolidated EBITDDA for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, to its Consolidated Interest Expense for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, be less than 4.00 to 1.00.
The Parent shall not permit the ratio of (i) EBITDDA to (ii) Consolidated Interest Expense for any four consecutive calendar quarters ending on the last day of any calendar quarter to be less than 3.70 to 1.0.
As used herein "EBITDDA" means for any period, the net income (or net loss) for such period, excluding any extraordinary gains or losses and taxes associated therewith, plus, to the extent deducted in the determination of net income, the sum of (a) interest expense, (b) income tax expense, (c) depreciation expense, (d) depletion expense, and (e) amortization expense, in each case determined for the Company and its consolidated Subsidiaries on a combined basis in accordance with GAAP for such period.
As used herein "Interest Coverage Ratio" means for the four consecutive fiscal quarter period ending on the date of determination, the ratio of (i) EBITDDA to (ii) the combined interest expense (including capitalized interest and the interest portion of capital lease obligations) of the Company and its Subsidiaries for such four fiscal quarter period.
More Definitions of EBITDDA
EBITDDA means, for any fiscal quarter, the sum of (a) Net Income, plus ------- --- ----
EBITDDA means, with reference to any period, Consolidated Net Income for such period plus all amounts deducted in arriving at Consolidated Net Income in respect of (i) Interest Expense for such period, plus (ii) federal, state and local income taxes of the Borrower and its Subsidiaries for such period, plus (iii) all amounts properly charged for depreciation, depletion and/or amortization of assets during such period on the books of the Borrower and its Subsidiaries The foregoing to the contrary notwithstanding, for all purposes of this Agreement EBITDDA for the calendar quarter ending March 31, 1998 shall be deemed to be $3,800,000, for the calendar quarter ended June 30, 1998 shall be deemed to be $11,400,000, and for the calendar quarter ended September 30, 1998 shall be deemed to be $15,200,000.
EBITDDA means, for any period for which a determination thereof is to be made, without duplication, the sum of the amounts for such period of (i) Consolidated Net Income, (ii) Consolidated Interest Expense, (iii) depreciation expense and depletion expense, (iv) amortization expense, (v) federal and state taxes, (vi) other non-cash charges and expenses and (vii) any losses arising outside of the ordinary course of business which have been
EBITDDA for any period of determination means with respect to any Person the sum of income from operations before the effect of changes in accounting principles, nonrecurring charges and extraordinary items, net interest expense, income taxes, depreciation, depletion and amortization for such period determined in accordance with GAAP. For purposes of calculating the Fixed Charge Coverage Ratio and the Leverage Ratio: (i) EBITDDA of Arch Western and its Subsidiaries, including the Appropriate Percentage of EBITDDA of Canyon Fuel, shall be assumed to be $39,200,000 for the fiscal quarter ended March 31, 1998, and (ii) EBITDDA for Arch Western and its Subsidiaries, including the Appropriate Percentage of EBITDDA of Canyon Fuel for the months of April and May, 1998, shall be determined based upon the results from the operations of the business of such Persons for such months by ARCO as set forth in an income statement with respect to such months prepared by ARCO and reasonably acceptable to Lessor and each Certificate Purchaser, shall take into account the $1,000,000 per month reduction in overhead resulting from the consummation of the Acquisition, shall assume that operating lease expense of Arch Western and its Subsidiaries, including Canyon Fuel, shall be $970,000 per month and shall assume that interest expense for such Persons for such months shall be zero, with such calculation of EBITDDA for Arch Western and its Subsidiaries for such months to be reasonably acceptable to the Agents. Further, for purposes of calculating the Fixed Charge Coverage Ratio and the Leverage Ratio for the fiscal quarters ended June 30, 1998, and September 30, 1998, EBITDDA of Arch Western and its Subsidiaries, including the Appropriate Percentage of EBITDDA of Canyon Fuel, shall be deemed to be an amount equal to: (i) for the fiscal quarter ended June 30, 1998, the product of, (x) without duplication, EBITDDA of Arch Western and its Subsidiaries for the two fiscal quarters then ended determined on a consolidated basis in accordance with GAAP, plus the Appropriate Percentage of EBITDDA of Canyon Fuel, for the two fiscal quarters then ended, determined on a consolidated basis in accordance with GAAP, multiplied by (y) two (2); and (ii) for the fiscal quarter ended September 30, 1998, the product of, (x) without duplication, EBITDDA of Arch Western and its Subsidiaries for the three fiscal quarters then ended determined on a consolidated basis in accordance with GAAP, plus the Appropriat...
EBITDDA means, as calculated for STP, on a consolidated basis (including Pioneer), for any period as of any date of determination, the sum of (a) Net Income, plus (b) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind to the extent included in the determination of Net Income, plus (c) all amounts treated as expenses for the depletion of Timber from the Timberlands owned by STP and its consolidated Subsidiaries, plus (d) Net Interest Expense to the extent included in the determination of Net Income, plus (e) net taxes on income attributable to the business of STP and its Subsidiaries (including Pioneer).
EBITDDA has the meaning set forth in Section 7.15.
EBITDDA means, for any period, the sum of (a) Net Income, plus (b) Net Interest Expense to the extent included in the determination of Net Income, plus (c) provision for income taxes of the Borrower and its consolidated Subsidiaries, plus (d) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind to the extent included in the determination of Net Income, plus (e) all amounts treated as expenses for the depletion of Timber from the Timberlands owned by the Borrower or any of its consolidated Subsidiaries to the extent included in the determination of Net Income.