EDITDA definition
Examples of EDITDA in a sentence
For the avoidance of doubt, gains or losses from repurchases are also excluded from the Original Cumulative EBITDA and, to the extent applicable, the Revised Cumulative EDITDA calculation.
In this Agreement unless the context requires another meaning: 2006 EDITDA means the earnings before interest, taxes, depreciation and amortisation of the Company for the 9 month period ending on 30 September 2006.
CONSULTANT shall also receive as additional compensation, a bonus for year 2000 in an amount equal to one percent (1%) of the audited and reported EDITDA results for SafeGuard for calendar year 2000, after accrual for CONSULTANT'S bonus and all management incentive bonuses, which amount shall be paid upon completion of SAFEGUARD'S annul certified financial audit.
If such EBITDA is 10% or more below the target EDITDA provided on Exhibit 7.7 hereto, COI may by written notice provided prior to February 28 of such year declare that such shortfall constitutes an "EBITDA Triggering Event" for purposes of this Section 7.7.
Not permit the Total Debt to Adjusted EDITDA Ratio as of the last day of any Computation Period to exceed 2.50 to 1.00.
Permit EDITDA, measured quarterly on the last day of each Fiscal Quarter, to be less than: (a) $250,000 on March 31, 2003 for the three month period then ended; (b) $1,050,000 on June 20, 2003 for the three month period then ended; (c ) $1,000,000 on September 30, 2003 for the three month period then ended; and (d) $850,000 on December 31, 2003 for the three month period then ended.
For example, (a) the minimum Net Worth required under Section 8.08 for the Fiscal Quarter ending in September 2005 would be $40,370,000 and for the Fiscal Quarter ending in December 2005 would be $44,407,000 and (b) the minimum EDITDA required under Section 8.11 for the Fiscal Quarter ending in September 2005 (together with the three preceding Fiscal Quarters) would be $19,800,000 and for the Fiscal Quarter ending in December 2005 (together with the three preceding Fiscal Quarters) would be $21,780,000.
Notwithstanding the foregoing, one-hundred percent (100%) of the shares of Restricted Stock still available for Vesting (not counting shares of Restricted Stock for prior years which did not become Vested because of the failure to meet the applicable EDITDA targets) shall become Vested if the Participant dies or becomes Disabled while still employed by the Corporation or any Subsidiary.
Borrower shall pay to Bank a fee upon the issuance of each Letter of Credit equal to two and one tenth percent (2.10%) of the face amount thereof (the “Letter of Credit Issuance Fee”); provided, however, notwithstanding the forgoing, if Borrower’s EDITDA (as defined herein) is less than $3,750,000.00, measured quarterly on a trailing four (4) quarter basis, then the Letter of Credit Issuance Fee shall be increased to two and one half percent (2.50%) of the face amount of the Letter of Credit.
EDITDA shall be defined as net earnings before interest, taxes, depreciation and amortization.