Market Multiple definition
Market Multiple means the average EBITDA trading multiple for the Reference Automotive Manufacturers; provided that in determining the Market Multiple, any of the Reference Automotive Manufacturers whose EBITDA trading multiple differs from the average of the other Reference Automotive Manufacturers by more than one standard deviation shall be excluded and; provided further, that the Market Multiple shall not, in any event, exceed the Fiat Multiple.
Market Multiple means, for any Entity, the average EBITDA trading multiple for the Reference Automotive Manufacturers (determined by each Reference Automotive Manufacturer’s Market Enterprise Value, divided by such Reference Automotive Manufacturer’s EBITDA as reported for the four most recent fiscal quarters for which financial data has been reported); provided that in determining the Market Multiple, any of the Reference Automotive Manufacturers whose EBITDA trading multiple differs from the average of the other Reference Automotive Manufacturers by more than one standard deviation shall be excluded; and provided further that the Market Multiple shall not, in any event, exceed the Fiat Multiple.
Market Multiple means, for any Entity, the average EBITDA trading multiple for the Reference Automotive Manufacturers (determined by each Reference Automotive Manufacturer’s Market Enterprise Value, divided by such Reference Automotive Manufacturer’s EBITDA as reported for the four most recent fiscal quarters for which financial data has been reported); provided that in determining the Market Multiple, any of the Reference Automotive Manufacturers whose EBITDA trading multiple differs from the average of the other Reference Automotive Manufacturers by more than one standard deviation shall be excluded; and provided further that the Market Multiple shall not, in any event, exceed the Fiat Multiple.
Examples of Market Multiple in a sentence
This estimation was developed from the application of the Market Multiple Approach described above, wherein projected fundamentals were capitalized based on selected market multiples.
In the event of a dispute between the Class A Member or the Company, on one hand, and one or more of the Class B Members or former Class B Members, on the other hand, as to any matter pertaining to the determination, calculations, assumptions or amounts of Cash Available Before Reserves, IDR Valuation, IDR Share, Forecasted IDRs or GP Market Multiple Discount Rate, such dispute shall be resolved in accordance with the dispute resolution provisions described in Exhibit F hereto.
For purposes of this Exhibit C, the Fixed Market Multiple shall mean 10.045, as adjusted for the weighted EBITDA multiple of future acquisitions as determined by the Committee.
For purposes of this Exhibit C, the Fixed Market Multiple shall mean 10.052, as adjusted for the weighted EBITDA multiple of future acquisitions as determined by the Committee.
More Definitions of Market Multiple
Market Multiple has the meaning set forth in Section 9.11(f)(i).
Market Multiple shall be the number equal to (A) the WHP Sale Consideration proposed to paid by the purchaser in connection with such Qualifying Asset Sale divided by (B) WHP Asset Sale EBITDA (for the twelve (12)-month period ending on the most recent date of the financial statements that are available as of the execution of the definitive agreement providing for such Qualifying WHP Asset Sale and adjusted for the ownership percentage of any direct or indirect Subsidiaries of the Company that are not, directly or indirectly, wholly owned by the Company);
Market Multiple means as of the FMV Measuring Date, the quotient of (i) (A) the product of (x) the Equivalent Cash Value receivable on account of each share of ATN common stock, multiplied by (y) the number of outstanding shares of ATN’s common stock as of FMV Measuring Date, plus (B) ATN Indebtedness as of the FMV Measuring Date, minus ATN Cash as of the FMV Measuring Date, divided by (ii) ATN EBITDA as measured for the twelve-month period ending on the FMV Measuring Date.
Market Multiple means the median of the fair value divided by LTM EBITDA multiples (adjusted for acquisitions) of the companies then-included on either the Public Home Health Trading Comparable List or the Home Health Transaction Comparable List, in each case as most recently publicly reported by such company (provided that, for the companies then-included on the Public Home Health Trading Comparable List, the “fair value” shall be determined based on the average daily stock price for the last two (2) weeks of the most recently completed calendar quarter); provided, however, that LTM EBITDA of any such company shall be adjusted to account for any variation from the definition of Adjusted EBITDA, to the extent that the information necessary to make any such adjustment is publicly available. As used herein, the “Public Home Health Trading Comparable List” includes those companies in the home health business and whose securities are listed for trading on a national securities exchange, including, without limitation, HealthSouth, Kindred Healthcare, Inc., Amedisys, Inc., LHC Group, Inc. and Almost Family, Inc.; provided that the Public Home Health Trading Comparable List may be revised as reasonably agreed upon by the parties hereto to include additional home health companies that become listed on a national securities exchange or to remove companies that are no longer listed on a national securities exchange. As used herein, the “Home Health Transaction Comparable List” means, at a given time, those transactions closing in the preceding twelve months (determined on a rolling basis) that meet the following criteria: (x) more than 60% of the target company’s and its subsidiaries’ consolidated revenue is from home health services; (y) the aggregate transaction value equals or exceeds $400 million; and (z) none of HealthSouth or any of its Affiliates is a party to the transaction. As used herein, “LTM EBITDA” means “EBITDA” (as publicly reported by a given company) over the preceding period of twelve months.
Market Multiple means as of the FMV Measuring Date, the quotient of (i) (A) the product of (x) the average closing trading price of ATN's common stock as reported in The Wall Street Journal over the sixty (60) days ending on the FMV Measuring Date, multiplied by (y) the number of outstanding shares of ATN's common stock as of FMV Measuring Date, plus (B) ATN Indebtedness as of the FMV Measuring Date, minus ATN Cash as of the FMV Measuring Date, divided by (ii) ATN EBITDA as measured for the twelve-month period ending on the FMV Measuring Date.