RMC EBITDA definition
RMC EBITDA means, in respect of any RMC Relevant Period, the consolidated profits of the RMC Group (for the avoidance of doubt but without duplication, calculated before any reduction on account of RMC Consolidated Net Interest Payable, without reference to profit derived from interests in joint ventures and associated undertakings and including any amount classified as interest in accordance with FRS 12 as referred to in the notes to the relevant financial statements under the heading "unwinding of discount", currently under the heading Interest Payable (NET)) as shown in the most recent audited and/or, as the case may be, interim consolidated financial statements currently under the heading Operating Profit (after adding back any amounts in respect of the writing off or the amortisation of goodwill and other intangible assets and depreciation and impairment of fixed assets) for the Relevant Period before the deduction of RMC Consolidated Net Interest Payable and corporation tax on the overall net income of the RMC Group payable in respect of the RMC Relevant Period plus an amount equal to the amount of RMC Cemex Capital Contributions made during such period immediately preceding the date on which it is to be calculated (up to an amount equal to the amount of RMC Royalty Expenses made in such period).
RMC EBITDA has the meaning given to it in Clause 21 (Financial Condition).