Normalized EBITDA definition

Normalized EBITDA means, with respect to a particular Property or Deferred Management Property, as the case may be, a non-GAAP financial measure defined as the net income from continuing operations before interest, income taxes, depreciation and amortization, excluding any non-recurring items and/or non-cash equity compensation expense, as determined by the Operating Partnership.

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Normalized EBITDA. , for any period, means BPI’s EBITDA (based on the applicable Exchange Statements) adjusted (a) by adding back any royalties paid by BPI to Royalties LP and any management fees paid by BPI to its direct or indirect parent, (b) by deducting or removing any distributions or dividends paid by Royalties LP to BPI and (c) by adding or deducting, as the case may be, the fair value gain or loss on financial assets (and for greater certainty, the distributions on Class 1 LP Units, Class 2 LP Units and, if applicable, any of the Class 3 LP Units, Class 4 LP Units or Class 5 LP Units held by Holdings LP will not be deducted from BPI’s EBITDA).

Normalized EBITDA of the Company shall be an amount equal to $71,109.00; and the "Normalized EBITDA" of CVP shall be an amount equal to $367,284.00.

Examples of Normalized EBITDA in a sentence

• For so long as any amount remains outstanding under the Acquisition Facility, and from and after the Conversion Date in respect of the Operating Facility, the Borrowers shall ensure that as at each fiscal quarter end of the Borrowers the ratio of Normalized EBITDA to Interest Expense for the four fiscal quarters then ended, calculated on the basis of the combined statements prepared and delivered in accordance with Section 8.1(n)(ii) or (iv), as the case may be, shall not be less than 2 to 1.

• If there is a dispute in the calculation of Adjusted Normalized EBITDA, the Closing of SHA Transactions shall still occur on the date of closing of the Change in Control and Buyer shall pay the Purchase Price that it calculated, but the dispute shall remain open and shall be resolved in accordance with Section 5.4 below, and such adjustments to the Purchase Price shall be paid within five (5) Business Days of resolution of such dispute.

• For example, certain options under the Issuer's share-based compensation plan were granted such that they vest only when certain targets derived from Normalized EBITDA are met.

• Normalized EBITDA is a measure used by the Issuer's management to evaluate its business performance and is defined as profit from operations before depreciation, amortisation and impairment.

• The Rent Coverage Ratio required by Article X(b) above and the Adjusted Debt to Normalized EBITDA Ratio required by Article X(c) above are collectively referred to herein as the "FINANCIAL COVENANTS".

More Definitions of Normalized EBITDA

Normalized EBITDA means, for any particular period: (i) the Net Income for that period; plus (ii) all amounts deducted in computing Net Income for such period in respect of depreciation and amortization, Interest Expense and income taxes; plus (iii) wood products, marketing and administration costs, corporate administration costs and pulp marketing and administration costs charged by ▇▇▇▇ & ▇▇▇▇▇▇ US (or any of its Affiliates) to ▇▇▇▇ & Talbot Canada or any of its Subsidiaries and deducted in computing Net Income, to a maximum of Cdn.$2,500,000 for each fiscal quarter of ▇▇▇▇ & ▇▇▇▇▇▇ Canada.

Normalized EBITDA means EBITDA after Normalizations.

Normalized EBITDA of the Company shall be an amount equal to C$256,794.00;

Normalized EBITDA of the Company shall be an amount equal to $1,520,054.

Normalized EBITDA means the result obtained by taking (x) the sum of (a) consolidated net earnings of Holdings and its Subsidiaries before (i) income taxes, (ii) interest income, (iii) interest expense, (iv) depreciation and amortization, in each case, as set forth opposite such line item on the Adjusted Statement of Earnings, as adjusted by the Accounting Referee, if applicable, (v) the amount of compensation expense recognized with respect to SARs, (vi) Non-Recurring Items and (vii) Holdings' share of Non-Recurring Items included in Holdings' equity interest in earnings or loss of each unconsolidated Person (to the extent included in computing each unconsolidated Person's net earnings or

Normalized EBITDA of the Company shall be an amount equal to $_______, which has been determined, based on information provided by the Company to Premiere, by (i) calculating the Company's earnings for the fiscal year ended [December 31, 1996] as determined in accordance with generally accepted accounting principles before expense for interest, income taxes and depreciation and amortization, and (ii) adjusting that amount to account for extraordinary or nonrecurring income and expense items taking into consideration ongoing normal operational requirements as determined based on information provided to Premiere.

Normalized EBITDA means the Company’s “EBITDA” (as reported in a standard GAAP income statement) for the fiscal year ending December 31, 2019, as adjusted for: (a) amounts accrued in 2019 relating to corrections or adjustments from prior years’ activities, subject to the consent of Buyer (not to be unreasonably withheld); (b) accrued expenses in 2019 to the extent associated revenue is not accrued in 2019, but excluding any accrued expenses for which the associated revenue is not recorded as of the Closing Date; provided that the following adjustments should also apply with respect to accrued expenses for any satellite mission for which additional capacity in such mission is unsold as of the start of such mission, but for which there is a reasonable expectation to sell such capacity after the start of such mission: (i) for missions expected to launch within three (3) months from the Closing Date, 100% of the excess capacity cost should be accrued; (ii) for missions expected to launch after three (3) months from, but before six (6) months after, the Closing Date, 75% of the excess capacity cost should be accrued; (iii) for missions expected to launch after six (6) months from, but before nine (9) after, the Closing Date,[***] of the excess capacity should be accrued; (iv) for missions expected to launch after nine (9) months from, but before twelve (12) months after, the Closing Date, [***] of the excess capacity cost should be accrued; and (v) for missions expected to launch after twelve (12) months from the Closing Date, [***] of the excess capacity cost should be accrued; and provided, further, that no additional adjustments under this clause (b), other than those consistent with Exhibit E, shall be made without Buyer’s prior written consent (not to be unreasonable withheld); (c) investments treated as expenses for GAAP purposes and subject to the consent of Buyer (not to be unreasonably withheld); provided, that no additional adjustments under this clause (c), other than those consistent with Exhibit E, shall be made without Buyer’s prior written consent (not to be unreasonably withheld); (d) corporate charges adjusted to a theoretical run-rate for the Business; (e) accrued launch vehicle-related costs for satellite missions under Contracts in effect as of December 31, 2019 between the Company and a satellite operator for the provision of launch services, for which a corresponding vendor Contract between the Company and a launch service provider was not then in effect bu...