Recurring EBITDA definition

Recurring EBITDA for any period shall mean, the sum of EBITDA, plus or minus, all as calculated on a consolidated basis, the Borrower’s and Subsidiaries’ non-core charges or non-core income, as the case may be, with respect to the Met-Coil Bankruptcy, and legal fees and restructuring charges related to the Met-Coil Bankruptcy.
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Recurring EBITDA means, for any period, EBITDA adjusted for severance and the anticipated special charge to the bad debt provision in September 1995; provided that for the period from September 1 through December 31, 1995, Recurring EBITDA shall mean EBITDA, as adjusted for costs and charges for (a) non- cash charges such as lease terminations and charges related to the disposal of fixed assets and intangible assets associated with implementing the business plan dated October 2, 1995 delivered to Lenders on
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Examples of Recurring EBITDA in a sentence

  • The Consolidated Recurring EBITDA of Instituto and UNAB, and their subsidiaries, during 2002 is not lower than Ch$8,600,000,000.

  • Annualized Recurring EBITDA Coverage Ratio as of each fiscal quarter end not less than 1.50 to 1.0. with “Annualized Recurring EBITDA” defined as net profit before tax plus interest expense (net of capitalized interest expense).

  • Total Senior Funded Debt to Annualized Recurring EBITDA not greater than 6.00 to 1.0. As used herein “Total Senior Funded Debt” defined as the sum of all obligations for borrowed money (including the outstanding principal balance of the Line of Credit and the Revenue Bonds), plus the aggregate face amount of letters of credit issued under this Agreement, plus all capital lease obligations of Borrower; less subordinated debt, and with Annualized Recurring EBITDA defined in Section 4.9(b).

  • Borrower’s Annualized Recurring EBITDA shall be adjusted to include the Annualized Recurring EBITDA of the acquired entity which shall be subject to adjustment and qualification by Bank.

  • The sum of (i) outstanding borrowings under the Line of Credit, (ii) amounts due under the Revenue Bonds and (iii) the face amount of letters of credit issued under this Agreement (collectively, “Aggregate Borrowings”) shall not at any time exceed an aggregate of six (6) times Annualized Recurring EBITDA (as defined in Section 4.9(b)) (the “Maximum Amount”) as determined in accordance with the Borrowing Base Certificate attached hereto as Exhibit A.