Annual EBITDA. Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower's pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first fiscal quarter following such acquisition, multiplied by 8.25% and (ii) for the succeeding three fiscal quarters, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by 8.25%, or (B) the actual EBITDA from such acquired Property during the period following Borrower's (direct or indirect) acquisition, computed on an annualized basis, provided that such annualized EBITDA shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) 8.25%.
Annual EBITDA. For up to four (4) fiscal quarters post acquisition, Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower’s pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first fiscal quarter following such acquisition, multiplied by the applicable Capitalization Rate, and (ii) for the succeeding three fiscal quarters, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by the applicable Capitalization Rate, or (B) the actual EBITDA from such acquired Property during the period following Borrower’s (direct or indirect) acquisition, computed on an annualized basis, provided that such annualized EBITDA shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) the applicable Capitalization Rate.
Annual EBITDA. For up to six (6) fiscal quarters post acquisition, Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower’s pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first fiscal quarter following such acquisition, multiplied by 6.75%, and (ii) for the succeeding three fiscal quarters, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by 6.75%, or (B) the actual EBITDA from such acquired Property during the period following Borrower’s (direct or indirect) acquisition, computed on an annualized basis, provided that such annualized EBITDA shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) 6.75%.
Annual EBITDA. Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower’s pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first partial fiscal quarter following such acquisition, multiplied by the applicable Capitalization Rate, (ii) for the first full fiscal quarter after such acquisition, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by the applicable Capitalization Rate, or (B) the actual EBITDA from such acquired Property for such full fiscal quarter multiplied by 4, (iii) for the second full fiscal quarter after such acquisition, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by the applicable Capitalization Rate, or (B) the actual EBITDA from such acquired Property for such two full fiscal quarters multiplied by 2, and (iv) for the third full fiscal quarter after such acquisition, Annual EBITDA shall be deemed the actual EBITDA from such acquired Property for such three full fiscal quarters multiplied by 4/3; provided that such annualized EBITDA determined pursuant to clauses (ii), (iii) and (iv) above shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) the applicable Capitalization Rate.
Annual EBITDA. The Miners Entities produce annual earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately FOUR MILLION DOLLARS ($4,000,000), adjusted for a one-time bad debt expense of the Waste Company of approximately EIGHT HUNDRED THOUSAND DOLLARS ($800,000), as is reflected on the Financial Statements.
Annual EBITDA. As of the last day of each fiscal quarter the Borrower (commencing with the fiscal quarter ending on or about March 31, 2000), the Borrower shall maintain EBITDA for the four fiscal quarters then ended at not less than $62,500,000."
Annual EBITDA. The definition of "Annual EBITDA" is hereby deleted and the following substituted therefor:
Annual EBITDA. Company produces an EBITDA of approximately Four Million Two Hundred Thousand And No/100 Dollars ($4,200,000).
Annual EBITDA. For up to six (6) fiscal quarters post acquisition, Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower’s pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first fiscal quarter following such acquisition, multiplied by 7.75%, in the case of Annual EBITDA generated by (a) retail properties with sales per square foot of less than $400 per annum, and (b) non-retail properties, or 7.0%, in the case of Annual EBITDA generated by retail properties with sales per square foot of $400 or more per annum, and (ii) for the succeeding three fiscal quarters, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by 7.75%, in the case of Annual EBITDA generated by (a) retail properties with sales per square foot of less than $400 per annum, and (b) non-retail properties, or 7.0%, in the case of Annual EBITDA generated by retail properties with sales per square foot of $400 or more per annum, or (B) the actual EBITDA from such acquired Property during the period following Borrower’s (direct or indirect) acquisition, computed on an annualized basis, provided that such annualized EBITDA shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) 7.75%, in the case of Annual EBITDA generated by retail properties with sales per square foot of less than $400 per annum, or 7.0%, in the case of Annual EBITDA generated by retail properties with sales per square foot of $400 or more per annum.
Annual EBITDA. Annual EBITDA for the acquired Property shall be deemed to be an amount equal to (i) the net purchase price of the acquired Property (or the Borrower's pro rata share of such net purchase price in the event of an acquisition by a Minority Holding) for the first fiscal quarter following such acquisition, multiplied by 8.25%, in the case of Annual EBITDA generated by malls with sales per square foot of less than $400 per annum, or 7.0%, in the case of Annual EBITDA generated by malls with sales per square foot of $400 or more per annum, and (ii) for the succeeding three fiscal quarters, Annual EBITDA shall be deemed the greater of (A) the net purchase price multiplied by 8.25%, in the case of Annual EBITDA generated by malls with sales per square foot of less than $400 per annum, or 7.0%, in the case of Annual EBITDA generated by malls with sales per square foot of $400 or more per annum, or (B) the actual EBITDA from such acquired Property during the period following Borrower's (direct or indirect) acquisition, computed on an annualized basis, provided that such annualized EBITDA shall in no event exceed the final product obtained after multiplying (1) the net purchase price by (2) 1.1, and then by (3) 8.25 , in the case of Annual EBITDA generated by malls with sales per square foot of less than $400 per annum, or 7.0%, in the case of Annual EBITDA generated by malls with sales per square foot of $400 or more per annum. 105
