Realized EBITDA Percentage definition
Realized EBITDA Percentage means, for the applicable Earn-Out Period, a percentage equal to 100 percent less one percentage point for every one full percentage point that EBITDA for such Earn-Out Period is less than either (i) the 2021 EBITDA Target for purposes of Period 1 Earn-Out Payment or (ii) the 2022 EBITDA Target for purposes of the Period 2 Earn-Out Payment. For example, if 2021 EBITDA is 80.2 percent of the 2021 EBITDA Target, then the Realized EBITDA Percentage for such Earn-Out Period would be 81%.
Realized EBITDA Percentage means, for the applicable Payment Year, the percentage (not to exceed 100%) obtained by dividing the Actual EBITDA, by the EBITDA Target.
Realized EBITDA Percentage means, as of the Closing Date, an amount equal to (i) the amount of actual cumulative EBITDA earned by the Acquired Companies through the last day of the month immediately preceding the Closing Date, divided by (ii) the amount of cumulative EBITDA budgeted to have been earned by the Acquired Companies through the last day of the month immediately preceding the Closing Date, multiplied by (iii) one hundred percent (100%).
Examples of Realized EBITDA Percentage in a sentence
In each of the 1st, 2nd and 3rd Payment Years, the Eligible Company Equityholders will be entitled to receive, in the aggregate, a number of Company Earnout Shares equal to (A) the Maximum Base Earnout Shares, multiplied by (B) the Realized EBITDA Percentage.