EBITDA Adjustments definition

EBITDA Adjustments means, for any Property for any period, appropriate accruals for items such as taxes, insurance, or other expenses determined by Borrower (subject to the reasonable approval of Administrative Agent), a management fee equal to the greater of actual fees incurred or two percent (2%) of in place actual rents, and a reserve of $1 per square foot per year for office Properties and $0.25 per square foot for industrial Properties, all as determined in accordance with accounting principles reasonably acceptable to Administrative Agent, consistently applied.

EBITDA Adjustments means, with respect to any Loan Asset, as identified in the related Underlying Instrument and calculated as of the date on which such Underlying Instrument was executed or, if the meaning of “runrate,” “cost savings,” “synergies,” “expected revenue” or any comparable definitions in the Underlying Instrument for such Loan Asset were amended or modified, calculated as of the date on which such underlying amendment was executed, the sum of:

EBITDA Adjustments. EBITDA Value," "Majority Lenders," "Occupancy Rate," "Required Lenders," "Pro Rata Share," "Total Commitment," or "Unencumbered Property;" (v) increases any one or more Lenders' Commitment; (vi) waives compliance with, amends, or fully or partially releases the PPT Guaranty; (vii) permits Borrower to assign any of its rights hereunder; (viii) amends Section 4.1; or (ix) changes this Section 13.9(b) or any other matter specifically requiring the consent of all Lenders under this Agreement.

Examples of EBITDA Adjustments in a sentence

• Consolidated Net Income shall be increased by the amount of any projected cash distributions from such Person attributable to any applicable Material Project EBITDA Adjustments in respect of any Material Project of such Person applicable to such period.

• Consolidated EBITDA shall be increased by the amount of any applicable Material Project EBITDA Adjustments in respect of any Material Project of the Borrower and its Subsidiaries applicable to such period.

• For purposes of calculating compliance with this Section 6.09, Consolidated EBITDA may include, at the Borrower’s option, any Material Project EBITDA Adjustments as provided in the definition thereof.

• Adjusted EBITDA: Adjustments include expenses related to restructuring, acquisitions and certain other non-recurring items.

• Consolidated EBITDA shall be increased by the amount of any applicable Material Project EBITDA Adjustments in respect of any Material Project of the MLP and its Subsidiaries applicable to such period.

• The Borrower shall maintain, as of the last day of each fiscal quarter, a Consolidated Leverage Ratio of no greater than (x) during an Acquisition Period, 5.5 to 1.0 and (y) at all other times, 5.0 to 1.0. For purposes of calculating compliance with the foregoing Consolidated Leverage Ratio, Consolidated EBITDA may include, at the Borrower’s option, any Qualified Project EBITDA Adjustments as provided in the definition thereof.

• In the case of each of the foregoing (a), (b) and (c), total actual Consolidated EBITDA shall be determined without including any Material Project EBITDA Adjustments.

• Generally, EBITDA Adjustments and amortization of intangible assets have been tax effected using a federal rate of 35% and the applicable effective state rate, which was 3.30%, net of the federal tax benefit, for the three and twelve months ended December 31, 2013 and 2012, except as discussed in footnotes (i) through (l) below.

• EBITDA Adjustments and amortization of purchased intangible assets, a component of depreciation and amortization, have been tax effected using a federal rate of 35% and the applicable effective state rate, which was 3.30% for the periods presented, net of the federal tax benefit.

• For purposes of this Section 10.2, to the extent Consolidated Funded Debt includes Hybrid Securities, then an amount of such Hybrid Securities not to exceed a total of 15% of Consolidated Total Capitalization shall be excluded from Consolidated Funded Debt, and Pro Forma EBITDA may include at the Borrower’s option any Material Project EBITDA Adjustments as provided in the definition of Adjusted Consolidated EBITDA.

More Definitions of EBITDA Adjustments

EBITDA Adjustments means the following pro-rated EBTIDA amounts of Herco Jewelry Co., for each of the following fiscal quarter-end test dates: 3/31/23: $2,917,187; 6/30/23: $2,042,031; 9/30/23: $1,166,875; and 12/31/23: $291,719.

EBITDA Adjustments. Equity Issuance," "Existing Line of Credit," "Fixed Charges," "Funds from Operations," "Indebtedness," "Liabilities," "Permitted Distributions," "Permitted Recourse Debt," "Permitted Redemptions," "Recourse Debt," and "Total Assets" in their entirety and replace such definitions with the following:

EBITDA Adjustments. For the following fiscal quarters, EBITDA Adjustments shall be as follows:

EBITDA Adjustments means (a) for calculations including any fiscal quarters in the fiscal years of the Company ending October 29, 2000 and October 28, 2001, non-cash charges taken by the Company during such fiscal quarters in connection with the Company’s “Action 2000 Plan” up to an aggregate amount, for all such changes, not to exceed $11,000,000, and (b) in addition to the amounts set forth in clause (a), other non-cash charges taken by the Company during any fiscal quarter of the Company in accordance with GAAP, up to an aggregate amount for all such charges during any period of four consecutive fiscal quarters of the Company, not to exceed $8,000,000. “Consolidated Interest Expense” of the Company and its Subsidiaries for any period means, on a consolidated basis, eliminating inter-company items in accordance with GAAP the sum of (a) (i) all interest in respect of Debt of the Company and its Subsidiaries (including the interest component on Rentals on Capital Leases) accrued or capitalized during such period (whether or not actually paid during such period), (ii) all amortization of debt discount and expense on all Debt (including, without limitation, payment-in-kind, zero coupon and other like Securities) for which such calculations are being made and (iii) all program expenses under any receivables securitization program, plus (b)(i) without duplication, the interest expense for such period of Persons acquired by the Company and its Subsidiaries during the most recently completed four fiscal quarters to the extent that such interest expense of Persons acquired is confirmed by audited financial or other credible information relied upon by the Company in good faith (which other information need not be audited or auditable), minus (ii) the interest expense for such period of Persons disposed of by the Company and its Subsidiaries during the most recently completed four fiscal quarters. Computations of Consolidated Interest Expense on a pro forma basis for Debt having a variable interest rate shall be calculated at the rate in effect on the date of any determination.