Reported Adjusted EBITDA definition
Reported Adjusted EBITDA means, in respect of a Relevant Period, the adjusted consolidated operating profit of the Group for such period before interest, direct taxes arising as a result of profit, depreciation and intangible amortisation as reported in the most recent interim or annual report of the Issuer.
Reported Adjusted EBITDA means, for any period, “Adjusted EBITDA” for such period as determined by the Company by adding the Permitted EBITDA Add-Backs to Reported EBITDA and presented as its “Adjusted EBITDA” for such period in its public earnings release for such period, with the add-backs to Reported EBITDA used in the calculation of such Adjusted EBITDA (the “Permitted EBITDA Add-Backs”) separately categorized in a style similar to that used in the Company’s public earning release for the three-month period ended March 31, 2019 (in which the categories of add- backs were delineated as, inter alia, “Change in fair value of financial instruments,” “Stock-based compensation expense,” “Strategic-transaction, integration and realignment expenses,” “Internal-control and delayed audit expenses,” “Excess content expenses,” “Non-ordinary-course legal expenses” and “Losses on significant customer bankruptcies”), it being understood and agreed that the types of Permitted EBITDA Add-Backs and categories thereof in any period (but not the standards by which Permitted Add-Backs are determined appropriate, except variances consistent with any change to the law, rules or regulations applicable to such disclosure) may vary from those included in the Company’s public earnings release for the three month period ended March 31, 2019 and may vary from period to period. Without limiting any of the foregoing, it is hereby agreed that if in calculating Reported Adjusted EBITDA for any period, if any category of Permitted EBITDA Add-Back exceeds $5,000,000 in any fiscal quarter, the Company shall provide a written reconciliation (by general reasonable descriptive segments and not a line by line accounting) of the components of such Permitted EBITDA Add-Back in excess of such amount, which reconciliation shall be included in the officer’s certificate to be delivered to the Collateral Agent pursuant to Section 7.1(e) for such fiscal quarter or fiscal year in which such category of Permitted EBITDA Add-Back so exceeded such amount in the applicable fiscal quarter.
Reported Adjusted EBITDA means, for any period with respect to Ultimate Parent and its Subsidiaries on a consolidated basis, “Adjusted EBITDA” on its financial statements filed with the SEC for such period.
Examples of Reported Adjusted EBITDA in a sentence
For clarity, Reported Adjusted EBITDA shall not be further adjusted for foreign exchange or acquisitions/divestitures.
Ultimate Parent shall not permit Reported Adjusted EBITDA to be less than, for the fiscal quarter(s) ending (i) March 31, 2024, $5,000,000, and (ii) June 30, 2024, $5,000,000.
More Definitions of Reported Adjusted EBITDA
Reported Adjusted EBITDA means, for any period, “Adjusted EBITDA” for such period as determined by the Borrower by adding the Permitted EBITDA Add-Backs to Reported EBITDA and presented as its “Adjusted EBITDA” for such period in its public earnings release for such period, with the add-backs to Reported EBITDA used in the calculation of such Adjusted EBITDA (the “Permitted EBITDA Add-Backs”) separately categorized in a style similar to that used in the Borrower’s public earning release for the three-month period ended March 31, 2019 (in which the categories of add-backs were delineated as, inter alia, “Change in fair value of financial instruments,” “Stock-based compensation expense,” “Strategic- transaction, integration and realignment expenses,” “Internal-control and delayed audit expenses,” “Excess content expenses,” “Non-ordinary-course legal expenses” and “Losses on significant customer bankruptcies”), it being understood and agreed that the types of Permitted EBITDA Add-Backs and categories thereof in any period (but not the standards by which