Operating EBITDA means a measure used by the Company’s management to measure performance and is defined as net earnings less interest income plus loss (earnings) from discontinued operations, interest expense, taxes, and depreciation and amortization, and further adjusted for other charges and other adjustments as determined by the Company (consistent with the provisions of Section 13(b) of the 2009 Plan to the extent applicable) and as approved by the Committee.
Operating EBITDA means, for any period, the sum for the Borrower and its Subsidiaries, determined on a consolidated basis of (a) operating earnings before other (expenses) income, net, and (b) depreciation and amortisation expense, in each case determined in accordance with Applicable GAAP of the Borrower, subject to the adjustments herein, consistently applied for such period and adjusted for Discontinued Operating EBITDA as follows: if the amount of Discontinued Operating EBITDA is a positive amount, then Operating EBITDA shall increase by such amount, and if the amount of Discontinued Operating EBITDA is a negative amount, then Operating EBITDA shall decrease by the absolute value of such amount. For the purposes of calculating Operating EBITDA for any applicable period pursuant to any determination of the Consolidated Leverage Ratio (but not the Consolidated Coverage Ratio):
Operating EBITDA means “Segment Income” as reported in the Company’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “Form 10-K”) reduced by (1) the impact from re-measuring to current exchange rates any monetary assets and liabilities which are denominated in a currency other than the functional currency of the reporting unit, net of realized and unrealized derivative instruments; and adjusted by (2) the impact on cost of working capital management activities to the extent caused by any excess or shortfall of Free Cash Flow described in paragraph 7(b)(iii) below.
Examples of Operating EBITDA in a sentence
If in any fiscal year during the Term the Operating EBITDA (as hereinafter defined) margin of MHS exceeds a baseline annual margin of eight percent (8%), the Lessee shall make a payment to the City equal to five percent (5%) of the incremental Operating EBITDA over such eight percent (8%) base margin (the “Margin Sharing Payments”).
More Definitions of Operating EBITDA
Operating EBITDA means, for any period, with respect to the Group Members:
Operating EBITDA means GAAP net income or loss plus interest expense, income tax expense, depreciation, amortization, and stock-based compensation expenses, plus the change in deferred revenues.
Operating EBITDA means, for any period, with respect to Ultimate Parent and its Subsidiaries (but excluding the Borrowing Base Loan Parties and their Subsidiaries and 6 Brands and any of its Subsidiaries):
Operating EBITDA. Has the meaning set out in, and shall be calculated in accordance with Clause 10A and Clause 10B, as appropriate.
Operating EBITDA means, with respect to any Person and for any period (without duplication) the amount equal to (i) Net Income plus (ii) to the extent deducted in calculating such Net Income, the sum of (a) Interest Expense plus (b) Tax expense plus (c) depreciation and amortization from its continuing operations, plus (iii) reserves booked in a period for losses expected to be incurred in connection with discontinued operations, not to exceed Five Hundred Thousand Dollars ($500,000) in the aggregate during the term of this Agreement, minus (iv) to the extent included in calculating such Net Income, any gains or losses from investments, any income or loss of Detection Systems or of any Entity whose stock is held as a Permitted Public Company Holding which is reported by Parent as income or loss in its financial statements, any gains or losses from foreign currency conversion rates or translations, any gains that are extraordinary items, any insurance proceeds included in Net Income and any LIFO inventory changes.
Operating EBITDA means, for any fiscal or calendar period, without duplication, (a) consolidated operating income before corporate items of the Consolidated Entities for such period, plus (b) the amount of all depreciation and amortization, including amortization of any goodwill or other intangibles, for such period, to the extent deducted in determining consolidated operating income in clause (a) above, all determined in a manner consistent with the projections prepared by the Borrower and presented to the Lenders on October 2, 2003 and otherwise consistent with the historical accounting practices of the Borrower."
Operating EBITDA with respect to any period shall mean the EBITDA (earnings before interest, taxes, depreciation and amortization) net of other income (expense); extraordinary items; gains or losses on the sale of assets; fees and expenses related to the amendment, restatement, repayment or refinancing of debt; any deduction for minority interest expense; expenses of litigation of any kind (including administrative proceedings); all professional fees, fines, damages and settlement payments; restructuring charges (including, without limitation, professional fees and expenses, employee severance and incentive payments, costs of operations discontinued or identified to be discontinued and cure payments for assumed contracts or leases as well as any other costs that should not be assigned to on-going operations); plus estimated cost savings anticipated but not yet realized from cost reduction programs that have already been implemented; less any contribution to EBITDA of assets that are the subject of fully executed sale agreements that have not yet closed; in each case, for such period.