Over-Achievement EBITDA definition

Over-Achievement EBITDA means: (i) if the Average Global Rig Count is greater than 1,725, the difference between (A) the product of the Average Global Rig Count and $957,300, less (B) $1,320,200,000; and (ii) if the Average Global Rig Count is less than or equal to 1,725, the product of the Entry EBITDA and 1.28.
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Examples of Over-Achievement EBITDA in a sentence

  • The Over-Achievement EBITDA would be $414,427,600 (1,812*$957,300, minus $1,320,200,000).