Weighted Average EBITDA definition

Weighted Average EBITDA means, as of any date, the number obtained by dividing:
Sample 1Sample 2Sample 3
Weighted Average EBITDA means, as of any date of determination, the weighted average of EBITDA of the Obligors related to the Eligible Collateral Loans on such day, weighted according to the proportion of the Principal Balance that each such Eligible Collateral Loan included in the Collateral represents.
Sample 1Sample 2Sample 3
Weighted Average EBITDA means, as of any date, with respect to all Eligible Collateral Assets other than MRR Loans, the number obtained by dividing:
Sample 1Sample 2

Examples of Weighted Average EBITDA in a sentence

  • See Appendix “Middle-Market Loan Portfolio Company Weighted Average EBITDA and Net Leverage” herein for further information.


More Definitions of Weighted Average EBITDA

Weighted Average EBITDA means the weighted average EBITDA for the 36 months prior to the month in which the Call Notice or the a Put Notice is delivered (“Month of Exercise”) calculated as (x) the sum of (A) 3 times the EBITDA for months 25-36 preceding the Month of Exercise, (B) 4 times the EBITDA for months 13-24 preceding the Month of Exercise, and (C) 5 times the EBITDA for months 1-12 preceding the Month of Exercise, divided by (y) 12.
Sample 1
Weighted Average EBITDA means the weighted average of the Issuers’ EBITDA for the thirty-six (36) months prior to the month in which the Issuer Call Option or Purchaser put option pursuant to Section 4.10 is exercised (the “Month of Exercise”) calculated as (A) the sum of (x) three (3) times the Issuers’ EBITDA for months twenty-five-thirty-six (25-36) preceding the Month of Exercise, plus (y) four (4) times the Issuers’ EBITDA for months thirteen-twenty-four (13-24) preceding the Month of Exercise, plus five (5) times the Issuers’ EBITDA for months one-twelve (1-12) preceding the Month of Exercise, divided by (B) twelve (12).
Sample 1

Related to Weighted Average EBITDA

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.