{"component": "definition", "props": {"groups": [{"snippet": "means, as of each month end, as calculated for Parent Entity on a consolidated basis, the sum of (a) the total Parent Consolidated Net Income during the proceeding twelve months, plus (b) the total interest expense of Parent Entity and its consolidated subsidiaries accrued and all other debt issuance costs incurred by Parent Entity and its consolidated subsidiaries during the proceeding twelve months, plus (c) the total tax expense accrued by Parent Entity and its consolidated subsidiaries during the proceeding twelve months, plus (d) the total depreciation and amortization expense accrued by Parent Entity and its consolidated subsidiaries during the proceeding twelve months plus (e) all non-cash stock compensation and warrant expenses.", "samples": [{"hash": "5Kz64iB3dbd", "uri": "/contracts/5Kz64iB3dbd#ttm-adjusted-ebitda", "label": "Loan and Security Agreement (Katapult Holdings, Inc.)", "score": 33.1998631075, "published": true}, {"hash": "l7S7THoNMu1", "uri": "/contracts/l7S7THoNMu1#ttm-adjusted-ebitda", "label": "Loan and Security Agreement (Katapult Holdings, Inc.)", "score": 32.9589322382, "published": true}, {"hash": "gr4LImPKhV7", "uri": "/contracts/gr4LImPKhV7#ttm-adjusted-ebitda", "label": "Loan and Security Agreement (FinServ Acquisition Corp.)", "score": 32.2498288843, "published": true}], "snippet_links": [{"key": "month-end", "type": "definition", "offset": [18, 27]}, {"key": "parent-entity", "type": "definition", "offset": [47, 60]}, {"key": "consolidated-basis", "type": "clause", "offset": [66, 84]}, {"key": "sum-of", "type": "clause", "offset": [90, 96]}, {"key": "the-total", "type": "clause", "offset": [101, 110]}, {"key": "parent-consolidated-net-income", "type": "definition", "offset": [111, 141]}, {"key": "twelve-months", "type": "definition", "offset": [164, 177]}, {"key": "total-interest-expense", "type": "definition", "offset": [192, 214]}, {"key": "consolidated-subsidiaries", "type": "definition", "offset": [240, 265]}, {"key": "costs-incurred", "type": "definition", "offset": [302, 316]}, {"key": "by-parent", "type": "clause", "offset": [317, 326]}, {"key": "tax-expense", "type": "definition", "offset": [424, 435]}, {"key": "depreciation-and-amortization-expense", "type": "definition", "offset": [551, 588]}, {"key": "compensation-and", "type": "clause", "offset": [712, 728]}], "size": 7, "hash": "b2c1fb166e30182ffb24df8187355e85", "id": 1}, {"snippet": "means, as of any date of determination, the Company\u2019s trailing three (3) month Adjusted EBITDA, based upon the Company\u2019s financial statements or other written evidence reasonably satisfactory to the Holder Majority.", "samples": [{"hash": "dXyzFyAv0fu", "uri": "/contracts/dXyzFyAv0fu#ttm-adjusted-ebitda", "label": "Note Purchase Agreement (Leafly Holdings, Inc. /DE)", "score": 36.0417522245, "published": true}, {"hash": "4Py6yhBjiHc", "uri": "https://www.sec.gov/Archives/edgar/data/1785592/000095017025006032/lfly-ex10_2.htm", "label": "Leafly Holdings, Inc. /DE", "score": 20.0417522245, "published": false}, {"hash": "iSsgGG5bld", "uri": "https://www.sedarplus.ca/csa-party/records/document.html?id=49f393d5dd2531dc132e8b5ea5df838b62e9618210d5c8a4e543b3eb156f2a32", "label": "www.sedarplus.ca", "score": 19.846940488, "published": false}], "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "adjusted-ebitda", "type": "clause", "offset": [79, 94]}, {"key": "upon-the-company", "type": "definition", "offset": [102, 118]}, {"key": "financial-statements", "type": "clause", "offset": [121, 141]}, {"key": "written-evidence", "type": "clause", "offset": [151, 167]}, {"key": "holder-majority", "type": "definition", "offset": [199, 214]}], "size": 3, "hash": "6f0624640c4067d4033b6582e9d36e4c", "id": 2}, {"snippet": "means $3,081,243.", "samples": [{"hash": "iBfHMbm9Gck", "uri": "/contracts/iBfHMbm9Gck#ttm-adjusted-ebitda", "label": "Equity Purchase Agreement (Genesis Group Holdings Inc)", "score": 23.9267624914, "published": true}, {"hash": "6j9FdiXTmSN", "uri": "/contracts/6j9FdiXTmSN#ttm-adjusted-ebitda", "label": "Equity Purchase Agreement (Genesis Group Holdings Inc)", "score": 23.8829568789, "published": true}], "snippet_links": [], "size": 2, "hash": "faa298de3bc5debac29acd748af826a6", "id": 3}, {"snippet": "means, as of any date of determination, the EBITDA of Parent and its Subsidiaries for the 12 consecutive month period most recently ended on or prior to such date of determination; provided, however, that for any months ended prior to the Closing Date, TTM Adjusted EBITDA shall be calculated by reference to the amounts set forth on Schedule T-1.", "samples": [{"hash": "ctGmjUa6UR0", "uri": "/contracts/ctGmjUa6UR0#ttm-adjusted-ebitda", "label": "Loan and Security Agreement (Interdent Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "most-recently-ended", "type": "definition", "offset": [118, 137]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [226, 251]}, {"key": "ebitda-shall", "type": "definition", "offset": [266, 278]}, {"key": "reference-to", "type": "clause", "offset": [296, 308]}, {"key": "on-schedule", "type": "definition", "offset": [331, 342]}], "size": 1, "hash": "60dbb2501b7d0a5e09b2ddf0cd71a186", "id": 4}, {"snippet": "means (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income tax expense, plus (e) non-cash stock compensation expenses less (f) one-time income, determined on a trailing 12-month basis.", "samples": [{"hash": "kVhfgIhEcMt", "uri": "/contracts/kVhfgIhEcMt#ttm-adjusted-ebitda", "label": "Loan and Security Agreement (Cutera Inc)", "score": 29.424366872, "published": true}], "snippet_links": [{"key": "interest-expense", "type": "definition", "offset": [31, 47]}, {"key": "to-the-extent", "type": "clause", "offset": [58, 71]}, {"key": "calculation-of-net-income", "type": "clause", "offset": [88, 113]}, {"key": "depreciation-expense", "type": "clause", "offset": [115, 135]}, {"key": "amortization-expense", "type": "definition", "offset": [140, 160]}, {"key": "income-tax-expense", "type": "definition", "offset": [171, 189]}, {"key": "compensation-expenses", "type": "definition", "offset": [215, 236]}], "size": 1, "hash": "e3d7aa5a4e5af17ca3be5dc76dd55ee3", "id": 5}, {"snippet": "means, at any time with respect to any Person, Adjusted EBITDA of such Person for the twelve (12) month period then ended.", "samples": [{"hash": "lEX0sqKN1CO", "uri": "/contracts/lEX0sqKN1CO#ttm-adjusted-ebitda", "label": "Credit Agreement (Nevada Gold & Casinos Inc)", "score": 21.5722108145, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "with-respect-to", "type": "clause", "offset": [19, 34]}, {"key": "any-person", "type": "clause", "offset": [35, 45]}, {"key": "adjusted-ebitda", "type": "clause", "offset": [47, 62]}], "size": 1, "hash": "c102d34252cb0195a4840a6506d4328a", "id": 6}, {"snippet": "means, as of any date of determination, Adjusted EBITDA for the most recently completed 12 month period (which period may include the date of measurement).", "samples": [{"hash": "eud123Ldttr", "uri": "/contracts/eud123Ldttr#ttm-adjusted-ebitda", "label": "Credit Agreement (Trizetto Group Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "adjusted-ebitda", "type": "clause", "offset": [40, 55]}], "size": 1, "hash": "937900667c39a48f4b928fdbf668c3db", "id": 7}, {"snippet": "means, as of any date of determination, Adjusted EBITDA for the twelve (12) month period most recently ended. Notwithstanding the foregoing, (i) TTM Adjusted EBITDA for the twelve (12) month period ending January 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending January 31, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, (ii) TTM Adjusted EBITDA for the twelve (12) month period ending April 30, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending April 30, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, (iii) TTM Adjusted EBITDA for the twelve (12) month period ending July 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending July 31, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, and (iv) TTM Adjusted EBITDA for the twelve (12) month period ending October 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending October 31, 2012 times (B) a fraction, the numerator of which is three hundred and sixty five (365) and the denominator of which is the number of days in such period.", "samples": [{"hash": "uXsUELS1Gf", "uri": "/contracts/uXsUELS1Gf#ttm-adjusted-ebitda", "label": "Credit Agreement (Nevada Gold & Casinos Inc)", "score": 22.8206707734, "published": true}], "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "most-recently-ended", "type": "definition", "offset": [89, 108]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [110, 139]}, {"key": "period-ending", 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"date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "adjusted-ebitda", "type": "clause", "offset": [40, 55]}, {"key": "pro-forma-basis", "type": "clause", "offset": [72, 87]}, {"key": "most-recent", "type": "definition", "offset": [96, 107]}, {"key": "computation-period", "type": "clause", "offset": [108, 126]}, {"key": "financial-statements", "type": "clause", "offset": [137, 157]}, {"key": "pursuant-to-section", "type": "clause", "offset": [209, 228]}, {"key": "prior-to-the", "type": "clause", "offset": [260, 272]}, {"key": "delivery-of", "type": "clause", "offset": [279, 290]}, {"key": "period-of", "type": "clause", "offset": [326, 335]}], "size": 1, "hash": "eee20bcd60536289ea749edcf0ee2f30", "id": 9}, {"snippet": "means, as of any date of determination, EBITDA for the trailing twelve months ended on such date plus an amount equal to the amounts received on Receivables and applied to the recovery of basis under the cost recovery accounting method as determined in accordance with GAAP.", "samples": [{"hash": "5OZlWcER9ky", "uri": "/contracts/5OZlWcER9ky#ttm-adjusted-ebitda", "label": "Credit Agreement (CompuCredit Holdings Corp)", "score": 23.1464750171, "published": true}], "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "twelve-months", "type": "definition", "offset": [64, 77]}, {"key": "equal-to", "type": "definition", "offset": [112, 120]}, {"key": "received-on", "type": "clause", "offset": [133, 144]}, {"key": "recovery-of", "type": "clause", "offset": [176, 187]}, {"key": "cost-recovery", "type": "definition", "offset": [204, 217]}, {"key": "accounting-method", "type": "definition", "offset": [218, 235]}, {"key": "in-accordance-with", "type": "definition", "offset": [250, 268]}], "size": 1, "hash": "614fbc9c7afc0430901f72fd518f319a", "id": 10}], "next_curs": 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["As of the last day of the second fiscal quarter in 2019, <strong>TTM Adjusted EBITDA</strong> not less than Four Million Dollars ($4,000,000).", "There will be no minimum <strong>TTM Adjusted EBITDA</strong> for the Contingent Payment calculation (i.e., a <strong>TTM Adjusted EBITDA</strong> of $0 will not result in a negative adjustment to the Purchase Price).", "The Contingent Payment will be calculated at a 2.5 multiple of trailing 12-month (TTM) Adjusted EBITDA.", "Borrower acknowledges that there is an existing and uncured Event of Default arising from Borrower\u2019s failure to comply with Section 6.7(b) (Minimum <strong>TTM Adjusted EBITDA</strong>) of the Agreement as of the last day of the fiscal quarter ended June 30, 2018 (the \u201cExisting Default\u201d).", "Bank and Borrower have agreed, subject to and in accordance with the terms of this Amendment, to modify the Revolving Line to be an aggregate principal amount not to exceed Fifteen Million Dollars ($15,000,000) available if and when Borrower delivers a Compliance Certificate showing <strong>TTM Adjusted EBITDA</strong> not less than Ten Million Dollars ($10,000,000).", "At all times, a maximum ratio of Funded Debt to <strong>TTM Adjusted EBITDA</strong> of 2.00 to 1.00.", "As of the last day of each fiscal quarter thereafter, <strong>TTM Adjusted EBITDA</strong> not less than Ten Million Dollars ($10,000,000).", "As of the last day of the first fiscal quarter in 2019, <strong>TTM Adjusted EBITDA</strong> not less than Four Million Dollars ($4,000,000).", "A ceiling of $2,000,000 in <strong>TTM Adjusted EBITDA</strong> will be set for the Contingent Payment.", "Senior Debt to <strong>TTM Adjusted EBITDA</strong>, measured on the last day of each fiscal quarter, not to exceed the ratio set forth in the following table for the applicable ratio date set forth opposite thereto: If the Revolver Usage is $60,000,000 or more on any one day of the subject fiscal quarter, then this covenant shall be 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