Management EBITDA definition

Management EBITDA means, for any period, the sum, without duplication, of (x) the aggregate amount of EBITDA for Borrowers and their Subsidiaries attributable to their management of multi-family apartment projects or other real estate projects or provision of Ancillary Services during such period, plus (y) Unconsolidated Subsidiaries EBITDA generated by the Management Entities.

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Management EBITDA means, for any period, an amount equal to:

Management EBITDA of the Management Group Members for any trailing period of twelve months shall mean the Combined Net Income for such period plus, in each case without duplication and to the extent the respective amounts described in clauses (a) through (m) below reduced such Combined Net Income (and were not excluded therefrom) for the respective period for which Management EBITDA is being determined, the sum of

Examples of Management EBITDA in a sentence

Permit, as of the last day of each calendar quarter, the ratio of (i) Unencumbered Property NOI plus Unencumbered Management EBITDA for such calendar quarter to (ii) Interest Expense on Total Unsecured Outstanding Indebtedness for the same calendar quarter to be less than 2.00 to 1.00.
Permit, as of the last day of each calendar quarter, the ratio of (i) Unencumbered Property NOI plus Unencumbered Management EBITDA for such calendar quarter to (ii) Interest Expense on Total Unsecured Outstanding Indebtedness for the same calendar quarter to be less than 1.75 to 1.00.
The Parent and the Borrower shall not permit the ratio of (i) the sum of (x) Unencumbered Adjusted NOI for any period of twelve consecutive calendar months plus (y) Unencumbered Management EBITDA to (ii) Unsecured Interest Expense of the Parent and its Subsidiaries for such period of twelve consecutive calendar months, to be less than 1.75 to 1.00 as of the last day of such period of twelve consecutive calendar months.
Subject to the Company’s obligation to make the pro-rated payment described in Section 2.3, for each fiscal quarter of the Company, beginning with the fiscal quarter ending March 31, 2012, that is completed before the date this Agreement is terminated, Employee will receive a cash payment from the Company equal to 11% of Asset Management EBITDA (as hereinafter defined) for the applicable period.
If the Asset Management EBITDA falls below $30,000,000, between the date of Employee’s termination date and December 31st of that year, then Employee is not entitled to a payment under this Section 3.3. If the Asset Management EBITDA is above $30,000,000 on Employee’s termination date and falls to a number at or above $30,000,000 by December 31st, then Employee will be entitled to a payment based on the Asset Management EBITDA on December 31st.
The Reviewed DiverseyLever Statement of Management EBITDA does not treat as exceptional items or restructuring charges any material expenses that should be treated as operating expenses before exceptional items under United Kingdom generally accepted accounting principles.
The Company agrees to calculate Asset Management EBITDA in good faith and in accordance with generally accepted accounting principles in the United States, as consistently applied by the Company.
Unencumbered Management EBITDA for the previous four consecutive fiscal quarters (See Schedule I) multiplied by six (or, if the Calculation Date follows the second anniversary of the Closing Date, five): $ C.
Notwithstanding anything to the contrary contained herein, if Employee’s employment terminates for reasons other than “Cause” prior to December 31st of the fiscal year, then Employee will be entitled to a payment under this Section 3.3 on March 15th of the following year so long as the Asset Management EBITDA is at or above $30,000,000 both on the date of Employee’s termination and on December 31st of that year.
The Company shall calculate the Asset Management EBITDA promptly for each respective period.

More Definitions of Management EBITDA

Management EBITDA means, with respect to any Person for any period:

Management EBITDA means, with respect to any Person for any period: (a) the Consolidated Net Income of such Person for such period, plus (b) without duplication, the sum of the following amounts for such period to the extent deducted (other than clause (ix) below) in the calculation of Consolidated Net Income for such period: (i) any provision for United States federal income taxes or other taxes measured by net income, (ii) Consolidated Net Interest Expense, (iii) any depreciation and amortization expense, - 40 - 143426813v4 full “run rate” benefits of such savings, reductions, improvements and synergies are anticipated by the Parent (in the good faith determination of the Parent) to be fully realized within 12 months of the date on which such action is taken, (C) such savings, reductions, improvements and synergies are reasonably identifiable, factually supportable, reasonably attributable to the actions taken and reasonably anticipated to result from such actions taken and (D) have been set forth in reasonable detail by the Parent in the applicable Compliance Certificate delivered hereunder for the relevant period, (x) any other non-cash expenditure, charge or loss for such period (other than any non-cash expenditure, charge or loss relating to write-offs, write-downs or reserves with respect to accounts and Inventory), and (xi) the amount of any negative EBITDA attributable to the Falcon Subsidiaries and Star Advantage Limited t/a Alta World Tour, in each case, from and after the Disposition thereof (calculated on a pro forma basis as though such Disposition was consummated on the first day of such period), to the extent such adjustment pursuant to this clause (xi) has been set forth in reasonable detail by the Parent in the applicable Compliance Certificate delivered hereunder for the relevant period, minus (c) without duplication, the sum of the following amounts for such period to the extent included in the calculation of such Consolidated Net Income for such period: (i) any credit for United States federal income taxes or other taxes measured by net income, (ii) any gain from extraordinary, unusual or non-recurring items, (iii) any aggregate net gain from the Disposition of property (other than accounts and Inventory) outside the ordinary course of business, and (iv) any other non-cash gain, including any reversal of a charge referred to in clause (b)(ix) above by reason of a decrease in the value of any Equity Interest; in each case, determined on a consolidated ba...

Management EBITDA means net income attributable to Polymer Group, Inc. (“Net Income”), as disclosed in accordance with GAAP or IFRS as applicable:

Management EBITDA contained in subsection 1.1 of the Credit Agreement is hereby amended by (i) deleting "; and" at the end of paragraph (y) thereof and substituting the punctuation "." therefor and (ii) deleting paragraph (z) therefrom.

Management EBITDA means, for any period, an amount equal to (a) the aggregate sum of revenues for such period earned by the Parent and its Subsidiaries from Private Capital Management Business, including asset management revenue, performance revenue, structuring revenue, advisor’s participation in cash flow (if any), interest income, advisory and dealer manager fees and compensation or any revenue earned as stipulated in a Management Contract and booked for financial reporting purposes, together with appropriate adjustments for minority interests and excluding revenue related to reimbursed costs but including distributions received for such period related to the ownership of shares in managed funds and Managed REITs, minus (b) operating expenses and other costs of the Parent and its Subsidiaries (including, without limitation, all general and administrative expenses, but excluding costs incurred on behalf of the Parent to the extent such costs have been reimbursed, and excluding one-time expenses resulting from the ▇▇▇▇ Merger, including retention bonuses paid) arising from the Private Capital Management Business for such period. Notwithstanding the foregoing, (i) Management EBITDA shall be calculated giving effect to the ▇▇▇▇ Merger using historical financial statements of the target companies for the period of time prior to the consummation of the ▇▇▇▇ Merger, all in a manner acceptable to the Administrative Agent, and (ii) for the first four fiscal quarters following completion of the Spin-Off, management fees paid by SpinCo shall be annualized in a manner acceptable to the Administrative Agent.