GAAP EBITDA definition

GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) Consolidated Interest Expense, and (iv) depreciation and amortization, all calculated in accordance with GAAP.
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GAAP EBITDA. With respect to any fiscal period, an amount equal to the sum of (a) Net Income of the Borrower for such fiscal period, plus (b) in each case to the extent deducted in the calculation of Net Income and without duplication, (i) depreciation and amortization for such fiscal period, plus (ii) income tax expense for such fiscal period, plus (iii) Interest Expense paid or accrued during such fiscal period, plus (iv) other noncash charges for such fiscal period (excluding LIFO reserves), all as determined in accordance with GAAP, after eliminating therefrom all extraordinary nonrecurring items of income or expense.
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GAAP EBITDA means (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income tax expense.
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Examples of GAAP EBITDA in a sentence

  • Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to ordinary shareholders and non- GAAP EBITDA reflect the company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons.

  • Borrower shall not permit the ratio of the Consolidated GAAP EBITDA of Borrower to the Consolidated Interest Expense of Borrower at the end of any fiscal quarter of Borrower to be less than 1.5 to 1.0.

  • The terms of the Acquisition imply a US GAAP Enterprise Value multiple of 16.3x 2019 US GAAP EBITDA and 10.9x 2019 US GAAP EBITDA (including estimated pre-tax synergies of £216 million) for Meggitt.

  • Should operations of MGSI for the First Earn Out Period achieve GAAP EBITDA of [CONFIDENTIAL TREATMENT REQUESTED] or less, within thirty-one (31) days from expiration of the First Earn Out Period, the Escrow Agent shall release the escrowed stock to the Buyer.

  • Should the operations of MGSI for the Second Earn Out Period achieve GAAP EBITDA of [CONFIDENTIAL TREATMENT REQUESTED] or less, within thirty-one (31) days from expiration of the Second Earn Out Period, any remaining escrowed funds left shall be released and paid to the Buyer.

  • Should MGSI achieve GAAP EBITDA of less than [CONFIDENTIAL TREATMENT REQUESTED] but more than [CONFIDENTIAL TREATMENT REQUESTED], then the sums to be released shall be the product of [CONFIDENTIAL TREATMENT REQUESTED] times a fraction, wherein the numerator is EBITDA (up to [CONFIDENTIAL TREATMENT REQUESTED]) that exceeds [CONFIDENTIAL TREATMENT REQUESTED] and the denominator is [CONFIDENTIAL TREATMENT REQUESTED].

  • Borrower shall maintain cumulative 2015 year lo date GAAP EBITDA of not less than (i) (S600,000) for the January 2015 measuring period, (ii) ($1,000,000) for the February 2015 measuring period (iii) ($250,000) for the March and April 2015 measuring periods, (iv) ($500,000) for the May 2015 measuring period and (iii) Sl.00 for each subsequent measuring period, measured monthly as of the last day of each month.

  • Should MGSI achieve GAAP EBITDA of less than [CONFIDENTIAL TREATMENT REQUESTED] but more than [CONFIDENTIAL TREATMENT REQUESTED], then the sum to be released shall be the product of [CONFIDENTIAL TREATMENT REQUESTED] times a fraction, wherein the numerator is EBITDA (up to [CONFIDENTIAL TREATMENT REQUESTED]) that exceeds [CONFIDENTIAL TREATMENT REQUESTED] and the denominator is [CONFIDENTIAL TREATMENT REQUESTED].

  • Borrower shall not permit its Consolidated GAAP EBITDA to be less than (i) $5,000,000.00 for the period beginning on January 1, 1999, and ending on Marc▇ ▇▇, ▇▇▇▇, (▇▇) $15,800,000.00 for the period beginning on January 1, 1999, and ending on June 30, 1999, (iii) $28,000,000.00 for the period beginning on January 1, 1999, and ending on September 30, 1999, and (iv) $35,000,000.00 for the period beginning on January 1, 1999, and ending on or after December 31, 1999.

  • For example, if the ▇▇▇▇ Entities’ Adjusted GAAP EBITDA for the 2023 Earn-Out Period is $[***] and the ▇▇▇▇ Entities’ Adjusted GAAP EBITDA for the 2024 Earn-Out Period is $[***], then the final ▇▇▇▇ Entities’ Adjusted GAAP EBITDA for the 2024 Earn-Out Period shall be $[***] and after this adjustment, the Earn-Out Payment for the 2024 Earn-Out Period shall be $54,000,000.


More Definitions of GAAP EBITDA

GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) Consolidated Interest Expense, (iv) depreciation and amortization, all calculated in accordance with GAAP, (v) [Reserved], (vi) any non-cash charges solely related to stock-based compensation; provided, that, to the extent any non-cash expense under this clause (vi) subsequently requires any cash disbursement, such disbursement expense will be subtracted from GAAP EBITDA in the applicable period, (vii) [Reserved], (viii) a one-time non-cash charge of up to $30,000,000 taken by the Borrower between July 2, 2003 and June 30, 2004 in connection with the sale of receivables (it being agreed that if any such non-cash charge shall subsequently become a cash charge, the amount of such cash charge shall be deducted at such time in calculating GAAP EBITDA), (ix) the cumulative non-cash charge resulting from a change in accounting principles, (x) for any period that includes the Borrower’s fourth fiscal quarter in 2003, up to $10,000,000 of charges related to non-recurring year end audit adjustments and (xi) non-cash charges solely related to the matters set forth in the Disclosure Letter.
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GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) consolidated interest expense, determined in accordance with GAAP, (iv) depreciation, amortization and impairment charges, all calculated in accordance with GAAP, (v) any non-cash compensation charges, including any such charges related to stock-based compensation, including, without limitation, stock options, restricted stock grants or other equity-incentive programs and similar arrangements (including any repricing, amendment, modification, substitution or change of any such stock, stock option, stock appreciation rights or similar arrangements); provided, that, to the extent any non-cash expense under this clause (v) subsequently requires any cash disbursement, such disbursement expense will be subtracted from GAAP EBITDA in the applicable period, (vi) the cumulative non-cash charge resulting from a change in accounting principles (including, but not limited to, changes in lease accounting), (vii) GAAP rent expense reflected on the consolidated income statement for the period of determination in excess of cash rental expense, (viii) with respect to any discontinued operation, any non-cash loss resulting therefrom, (ix) expenses incurred by the Borrower or any Subsidiary to the extent reimbursed in cash by a third party, (x) any financial advisory fees, accounting fees, legal fees and other similar fees and related costs, charges and expenses in respect of the financing under this Agreement and certain severance payments made to members of the Borrower’s senior management in August 2006, (xi) any financial advisory fees, accounting fees, legal fees and other similar fees and related costs, charges and expenses in respect of any restructuring transaction, including, but not limited to, the early retirement of Debt, the extension, refinancing, restructuring, redemption or exchange of the Subordinated Debt or the Senior Unsecured Notes, Investments, dispositions permitted hereunder (including, without limitation, Permitted Asset Sales and Permitted Sale/Leasebacks) and the issuance of Capital Stock or Debt permitted hereunder to the extent not deferred and amortized, (xii) certain professional fees and expenses and other charges consistent with the Borrower’s presentation of cash con...
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GAAP EBITDA means the SELLERS earnings before interest taxes depreciation and amortization as computed by the formula used in SELLERS September 30, 2005 financial statements which have been reviewed by ▇▇▇▇▇▇▇ and ▇▇▇▇ CPAs and attached hereto pursuant to schedule “5.8”.
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GAAP EBITDA. ACQUIRED EBITDA"
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Related to GAAP EBITDA

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Adjusted EBITDA Margin means Adjusted EBITDA calculated as a percentage of Adjusted Revenue.