Specified Ready Mix EBITDA Addbacks definition

Specified Ready Mix EBITDA Addbacks means the amount of “run rate” cost savings, operating expense improvements, synergies, restructurings, and cost savings initiatives (net of the amount of actual benefits realized during such period from such actions) related to the Specified Ready Mix Plant Assets that are reasonably identifiable, factually supportable and projected by the Borrower in good faith to result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Borrower), in an amount equal to $1,000,000 for the fiscal quarter ending on June 30, 2024, $500,00 for the fiscal quarter ending on September 30, 2024 and $0 for the fiscal quarter ending on December 31, 2024.
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Related to Specified Ready Mix EBITDA Addbacks

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Exchange Act means the Securities Exchange Act of 1934, as amended.

  • Company has the meaning set forth in the Preamble.

  • Securities Act means the Securities Act of 1933, as amended.