Consolidated EBIDA means, for any Equipment Growth Fund, as measured as at any date of determination for any period on a consolidated basis, the sum of (a) the Consolidated Net Income of such Equipment Growth Fund, plus (b) all amounts treated as expenses for depreciation and the amortization of intangibles of any kind, plus (c) Consolidated Interest Expense, plus (d) non-liquidating cash distributions received from USPE's, and in the cases of clauses (b) and (c) above, each to the extent included in the determination of Consolidated Net Income.
Consolidated EBIDA means, for any period, the sum of the following determined on a Consolidated basis, without duplication, for the Borrower and its Subsidiaries in accordance with GAAP: (a) Consolidated Net Income for such period plus (b) the sum of the following, without duplication, to the extent deducted in determining Consolidated Net Income for such period: (i) Consolidated Interest Expense, (ii) amortization, depreciation, stock based compensation expense and other non-cash charges (except to the extent that such non-cash charges are reserved for cash charges to be taken in the future), and (iii) extraordinary losses (excluding extraordinary losses from discontinued operations) less (c) the sum of the following, without duplication, to the extent included in determining Consolidated Net Income for such period: (i) interest income, (ii) any extraordinary gains and (iii) non-cash gains or non-cash items increasing Consolidated Net Income. For purposes of calculating Consolidated EBIDA hereunder for any period during which one or more Specified Transactions occurs, such Specified Transaction (and all other Specified Transactions that have been consummated during the applicable period) shall be deemed to have occurred as of the first day of the applicable period of measurement in such test or covenant such that all income statement items (whether positive or negative) attributable to the Property or Person disposed of in a Specified Disposition shall be excluded and all income statement items (whether positive or negative) attributable to the Property or Person acquired in a Permitted Acquisition shall be included (provided that such income statement items to be included are reflected in financial statements or other financial data reasonably acceptable to the Lender and based upon reasonable assumptions and calculations which are expected to have a continuous impact).
Consolidated EBIDA means, for any Equipment Growth Fund, as measured as at any date of determination for any period on a consolidated basis, the sum of (a) the Consolidated Net Income of such Equipment Growth Fund, plus (b) all amounts treated as expenses for depreciation, including such Equipment Growth Fund's proportional share of depreciation expense related to equipment owned jointly with USPE's, and the amortization of intangibles of any kind, plus (c) Consolidated Interest Expense, plus (d) cash distributions received from USPE's, and in the cases of clauses (b) and (c) above, each to the extent included in the determination of Consolidated Net Income.
Examples of Consolidated EBIDA in a sentence
In lieu of this waiver, Borrower shall maintain a quarterly Consolidated EBIDA of a minimum of $700,000.00; however, Borrower may include the tax deduction for the amortization of goodwill in its calculation of EBIDA.
Maintain a ratio of (A) --------------------------- Consolidated EBIDA of NGP and its Subsidiaries for each period of four consecutive fiscal quarters to (B) the sum of (i) Consolidated Interest Expense of NGP during such period plus (ii) principal amounts of all Funded ---- Debt payable during such period by NGP and its Subsidiaries of not less than 2.50 to 1.00.
As such, the definition of the term "Consolidated EBIDA " appearing in Section 1.1 of the Credit Agreement is hereby amended by permitting this goodwill amortization deduction.
More Definitions of Consolidated EBIDA
Consolidated EBIDA means, with respect to the Borrower and its Subsidiaries for any period of computation thereof, the sum of, without duplication, (i) Consolidated Net Income plus, (ii) Consolidated Interest Expense for such period plus (iii) amortization for such period plus (iv) depreciation for such period, but in each case only to the extent deducted when calculating Consolidated Net Income.
Consolidated EBIDA means, for any period, the EBIDA of the Borrower, its Subsidiaries and the Approved Guarantors on a consolidated basis in accordance with GAAP.
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, and (iii) amortization, all calculated for the Borrower and its Subsidiaries on a consolidated basis. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion using such methodology as the Lender deems appropriate under the circumstances.
Consolidated EBIDA means, for any period, the EBIDA of KMG and its Subsidiaries for such period, determined on a Consolidated basis, without duplication, the components thereof being in accordance with GAAP. For purposes of this Agreement, Consolidated EBIDA shall be adjusted on a Pro Forma Basis.
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, and (iii) amortization, all calculated for the Borrower and its Subsidiaries on a consolidated basis. The calculation of Consolidated EBIDA for the four fiscal quarters ending June 30, 2000, and September 30, 2000, respectively, shall be subject to the following special provisions: (i) Consolidated EBIDA for the four fiscal quarters ending June 30, 2000, shall be determined by making the applicable calculation for the two fiscal quarters ending June 30, 2000, and then multiplying that amount by 180%; and (ii) Consolidated EBIDA for the four fiscal quarters ending September 30, 2000, shall be determined by making the applicable calculation for the three fiscal quarters ending September 30, 2000, and then multiplying that amount by 133-1/3%. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion as the Lender deems appropriate under the circumstances; provided, however, that such determination shall be based upon and shall take into account the pro forma financial information prepared in connection with such Acquisition pursuant to Regulation S-X or Regulation S-B (whichever is applicable at the time).
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense,
Consolidated EBIDA means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) depreciation, (iii) amortization, and (iv) non-cash writedowns of goodwill in accordance with the applicable accounting standards under GAAP, all calculated for the Borrower and its Subsidiaries on a consolidated basis. In calculating Consolidated EBIDA (and any other financial ratios or determinations which refer to Consolidated EBIDA) following the closing of any Acquisition which has been approved by the Required Lenders, such calculation shall be adjusted to take into account the financial impact of such Acquisition (as if such Acquisition had occurred prior to, and the Subsidiary or Property acquired pursuant to such Acquisition had been owned 5 by the Borrower throughout, the entire calculation period prior to the date as of which such calculation is being made), but the manner of making such adjustment shall be determined by the Lender in its sole discretion using such methodology as the Lender deems appropriate under the circumstances.