Annualized EBITDA. The Borrower and the Operating Subsidiaries will not permit Annualized EBITDA at the end of any of the calendar quarters set forth on Schedule 10.3 to be less than the amount set forth opposite such date on such Schedule.
Annualized EBITDA. 86 Section 10.4
Annualized EBITDA. At any date of determination, the product of (a) the sum (determined without duplication in accordance with generally accepted accounting principles ("GAAP"), consistently applied and consistent with Seller's financial statements) of the following: (i) the aggregate gross operating revenue for the six (6) most recently consecutive completed months derived in the ordinary course of business in respect of the Systems (including revenues arising from second outlets and remotes and advertising revenues, and including pay-per-view revenues and installation fees, but excluding interest income, programming launch incentives and extraordinary items) minus (ii) all operating expenses for such period, including, without limitation, technical, programming (no credit shall be given for launch incentives), selling and general administration expenses, and management fees, but excluding (to the extent included in operating expenses) interest expense, amortization, depreciation, income and withholding taxes, other non-cash charges and extraordinary gains or losses plus (iii) to the extent included in operating expenses, actual management fees paid, said amount not to exceed the lesser of: (x) three and one-half percent (3 1/2 %) of Seller's gross operating revenue for such period; or (y) the sum of $400,000, plus (iv) to the extent included in operating expenses, actual home office expenses for Seller's headquarters in Pittsburgh, Pennsylvania, said amount not to exceed $100,000, times (b) two (2).
Annualized EBITDA. As of any date of determination, EBITDA for the two ----------------- most recently completed fiscal quarters (including the fiscal quarter ending on such date of determination) multiplied by two.
Annualized EBITDA. For any fiscal quarter, (a) Location Cash Flow derived from the DBS Subsidiaries for such fiscal quarter, multiplied by four (4), plus (b) Location Cash Flow derived from the other Subsidiaries for such fiscal quarter and the immediately preceding three (3) fiscal quarters minus (c) corporate overhead charges for all of the Borrower's Subsidiaries for such fiscal quarter and the immediately preceding three (3) fiscal quarters, all determined on a consolidated basis, after eliminating intercompany items, in accordance with GAAP. Applicable Margin. See Section 1.03.
Annualized EBITDA. Neither Holdings nor the Borrower will permit the Annualized EBITDA of Holdings and its Consolidated Subsidiaries (including, without limitation, the Borrower) for any of the calendar quarters set forth on Schedule 10.5 to be less than the amount set forth opposite such date on such Schedule.
Annualized EBITDA. Until June 29, 2003, the Borrower ----------------- will not permit Annualized EBITDA at the end of any calendar quarter during any of the periods set forth below to be less than the amount set forth opposite such date: Period Annualized EBITDA ------ ----------------- From the Effective Date through September 30, 2000 ($24,270,000) From October 1, 2000 through December 31, 2000 ($30,600,000) From January 1, 2001 through March 31, 2001 ($38,940,000) From April 1, 2001 through June 30, 2001 ($31,260,000) From July 1, 2001 through September 30, 2001 ($45,250,000) From October 1, 2001 through December 31, 2001 ($61,100,000) From January 1, 2002 through March 31, 2002 ($50,760,000) From April 1, 2002 through June 30, 2002 ($21,090,000) From July 1, 2002 through September 30, 2002 ($8,510,000) From October 1, 2002 through December 31, 2002 ($10,880,000) From January 1, 2003 through June 29, 2003 $1,150,000"
Annualized EBITDA. For any fiscal quarter, EBITDA for such fiscal quarter, multiplied by four (4).
Annualized EBITDA. A definition of the term “Annualized EBITDA” is hereby inserted in Section 1.01 of the Financing Agreement, in appropriate alphabetical order, to read in its entirety as follows:
Annualized EBITDA. The Target's annualized EBITDA, on a pro forma basis, based upon the nine-month period ended September 30, 2000, was approximately $2.2 million (with $200 thousand in bonuses paid added back) on annualized gross revenues, on a pro forma basis, of approximately $19.4 million.
