Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.
Annualized EBITDA for the period ending on the last day of any fiscal quarter, the product of (a) EBITDA for the two consecutive fiscal quarters ending on such last day, multiplied by (b) two.
Annualized EBITDA means, at any date of determination, EBITDA for the two (2) fiscal quarter periods then most recently ended times two (2).
Examples of Annualized EBITDA in a sentence
Comparable adjustments shall be made in connection with any determination of Annualized EBITDA.
More Definitions of Annualized EBITDA
Annualized EBITDA means earnings before interest, taxes, depreciation and amortization for all properties with other adjustments as are necessary to exclude the effect of items classified as extraordinary items in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any income earned as a result of any assets having been placed in service since the end of such period had been earned, on an annualized basis, during such period, and (ii) in the case of any acquisition or disposition by the Operating Partnership, any Subsidiary or any unconsolidated joint venture in which the Operating Partnership or any Subsidiary owns an interest, of any assets since the first day of such period, such acquisition or disposition and any related repayment of Debt had occurred as of the first day of such period with the appropriate adjustments with respect to such acquisition or disposition.
Annualized EBITDA means, as to any Person and its Consolidated Subsidiaries and for the applicable period, EBITDA for the two most recently completed fiscal quarters multiplied by two.
Annualized EBITDA means, at any date of determination, EBITDA for the two fiscal quarter periods then most recently ended times two (2).
Annualized EBITDA means, at any date of determination, EBITDA for the two fiscal quarter periods then most recently ended times two (2); provided that (x) for the purposes of calculating the Interest Coverage Ratio at December 31, 2002 and March 31, 2003, Annualized EBITDA shall mean EBITDA for the period from the first day of the fiscal quarter in which the Effective Date occurs to such date of determination and (y) for the purposes of calculating the Leverage Ratio at March 31, 2003, Annualized EBITDA shall mean EBITDA for the fiscal quarter then ended times four (4).
Annualized EBITDA means, with respect to the Borrower and its Subsidiaries on a consolidated basis, as of the last day of any fiscal quarter, the product of (i) Consolidated EBITDA for the two (2) consecutive fiscal quarters ending on such date, multiplied by (ii) two (2).
Annualized EBITDA means, for the purposes of calculating the financial ratio set forth in Section 10.1(b) for each Rolling Period ending on or prior to December 31, 2019, Borrower’s actual Consolidated EBITDA for such Rolling Period multiplied by the factor determined for such Rolling Period in accordance with the table below: Rolling Period Ending Factor June 30, 2019 4 September 30, 2019 2 December 31, 2019 4/3
Annualized EBITDA means (a) for the Fiscal Quarter ending March 31, 2023, Consolidated Adjusted EBITDA for the such Fiscal Quarter multiplied by four (4), (b) for the Fiscal Quarter ending June 30, 2023, Consolidated Adjusted EBITDA for the such Fiscal Quarter and the immediately preceding Fiscal Quarter multiplied by two (2), and (c) for the Fiscal Quarter ending September 30, 2023, Consolidated Adjusted EBITDA for the such Fiscal Quarter and the two immediately preceding Fiscal Quarters, multiplied by four-thirds (4/3).