Reported EBITDA has the meaning given in the Transfer and Servicing Agreement.
Reported EBITDA means the consolidated earnings before interest, tax, depreciation and amortisation of the applicable person, calculated on the same basis as Available EBITDA.
Reported EBITDA for any period shall mean the Borrower’s consolidated “EBITDA” for such period as determined by the Borrower and presented as its “EBITDA” in its public earnings release for such period in all cases calculated as net income (loss) before interest, taxes, depreciation and amortization (each of which to be determined consistently with the Borrower’s historic reporting practices, except variances consistent with any change to the law, rules or regulations applicable to such disclosure).
Examples of Reported EBITDA in a sentence
The Company provides Reported EBITDA ranges for the Mountain and Lodging segments, as well as for the two combined.
Readers are cautioned to recognize that the low end of the expected ranges provided for the Lodging and Mountain segments, while possible, do not sum to the low end of the Resort Reported EBITDA range provided because we do not necessarily expect or assume that we will actually hit the low end of both ranges, as the actual Resort Reported EBITDA will depend on the actual mix of the Lodging and Mountain components.
Similarly, the high end of the ranges for the Lodging and Mountain segments do not sum to the high end of the Resort Reported EBITDA range.
Lodging Reported EBITDA includes approximately $2 million of stock-based compensation.
The low and high of the expected ranges provided for the Mountain and Lodging segments, while possible, do not sum to the high or low end of the Resort Reported EBITDA range provided because we do not expect or assume that we will hit the low or high end of both ranges.
More Definitions of Reported EBITDA
Reported EBITDA for any period shall mean the Company’s consolidated “EBITDA” for such period as determined by the Company and presented as its “EBITDA” in its public earnings release for such period in all cases calculated as net income (loss) before interest, taxes, depreciation and amortization (each of which to be determined consistently with the Company’s historic reporting practices, except variances consistent with any change to the law, rules or regulations applicable to such disclosure).
Reported EBITDA means, without duplication, for any period for which such amount is being determined (i) the net income of Wyndham Worldwide plus provision for taxes based on income, depreciation expense, interest expense, amortization expense, other non-cash items reducing net income (and increasing EBITDA) minus (ii) any cash expenditure during such period to the extent such cash expenditures did not reduce net income for such period and were applied against reserves that constituted non-cash items which reduced net income during prior periods, calculated in each case in a manner consistent with such number as reported by Wyndham Worldwide in its combined financial statements filed by Wyndham Worldwide under Form 10-K for the most recent fiscal year preceding such 10-K filing, and in each year as filed under Form 10-Q for the period from the beginning of the most recent fiscal year through the end of the fiscal quarter preceding such 10-Q filing.
Reported EBITDA shall have the meaning as indicated in Exhibit D.
Reported EBITDA prior to the Effective Date means, without duplication, for any period for which such amount is being determined (i) the combined net income of the Hospitality and Timeshare Segments (which shall for purposes of this calculation be determined in the same manner and including the sources of income as those included therein as of November 14, 2005 without regard to changes in reporting practices after such date and, specifically shall include, without limitation Resort Condominiums International, LLC and Vacation Rental Group) plus provision for taxes based on income, depreciation expense, interest expense, amortization expense, other non-cash items reducing net income (and increasing EBITDA) minus (ii) any cash expenditure during such period to the extent such cash expenditures did not reduce net income for such period and were applied against reserves that constituted non-cash items which reduced net income during prior periods all as determined on a combined basis for the Hospitality and Timeshare Segments, in each case in a manner consistent with such number as reported in Cendant’s consolidated financial statements filed by Cendant with the Securities and Exchange Commission under Form 10-K for the most recent fiscal year preceding such 10-K filing, and under Form 10-Q for the period from the beginning of the most recent fiscal year through the end of the fiscal quarter preceding such 10-Q filing.
Reported EBITDA means, for any period, the “operating income” as reflected in the Financial Statements for such period, plus (1) depreciation and amortization, any loss on sale of assets and any extraordinary losses and minus (2) any gain on sale of assets and any extraordinary gains (in the case of each of clause (1) and (2), to the extent included in determining operating income for the period).
Reported EBITDA means, without duplication, for any period for which such amount is being determined (i) the net income of Wyndham Worldwide plus provision for taxes based on income, depreciation expense, interest expense, amortization expense, other non-cash items reducing net income (and increasing EBITDA) minus (ii) any cash expenditure during
Reported EBITDA means (1) consolidated net income, plus (2) interest expense, plus (3) income tax expenses, and plus (4) depreciation and amortization expense, calculated based solely on the Audited Financial Statements.