FC EBITDA definition

FC EBITDA means, as of any Calculation Date for the preceding Calculation Period or Annual Period, as applicable: (a) Borrower’s and each Wholly-Owned Subsidiary’s earnings before interest, income taxes, depreciation, and amortization, all determined in accordance with GAAP consistently applied (excluding extraordinary or non-recurring gains or losses and excluding earnings attributable to Joint Ventures or Joint Venture Projects), plus (b) Borrower’s Equity Percentage of earnings before interest, taxes, depreciation, and amortization for Joint Ventures and Joint Venture Projects, all determined in accordance with GAAP consistently applied (excluding extraordinary gains or losses); provided, that, for purposes of this definition:

Examples of FC EBITDA in a sentence

The multiple is based on a 25% discount to F&C’s own enterprise value to EBITDA trading multiple, which will be calculated by dividing F&C’s enterprise value by the F&C EBITDA.

Borrower shall not permit the ratio of Unencumbered FC EBITDA for the Calculation Period applicable to the most-recent Calculation Date to that portion of interest expense attributable to Total Unsecured Indebtedness outstanding during the Calculation Period applicable to such Calculation Date to be less than 1.50:1.00.

Borrower shall not permit the ratio of Unencumbered FC EBITDA for the twelve month period ending as of Calculation Period applicable to the most-recent Calculation Date to that portion of interest expense attributable to Total Unsecured Indebtedness as of outstanding during the Calculation Period applicable to such Calculation Date to be less than 1.50:1.00.