Combined EBITDA. The pro forma calculation of Annual EBITDA for the acquired Property shall be added to the calculation of Combined EBITDA.
Combined EBITDA. Combined EBITDA shall exclude the effect of non-recurring extraordinary items or asset sales or write-ups or forgiveness of indebtedness (both gains and losses) and impairment charges, and costs and expenses incurred during such period with respect to acquisitions or mergers consummated during such period. Combined EBITDA also shall exclude dividends, distributions and other payments from Securities. For purposes of newly opened Projects which are no longer capitalized, the Annual EBITDA shall be based upon twelve-month projections, until such time as actual performance data for a twelve-month period is available.
Combined EBITDA. For purposes of newly opened Projects which are no longer capitalized, the Annual EBITDA shall be based upon twelve-month projections of contractual rental revenues multiplied by the EBITDA profit margin of the Borrower property type (i.e. regional mall or community center) as such profit margin is reported in the most recently published annual report or 10-K for the Company, until such time as actual performance data for a twelve-month period is available.
Combined EBITDA. Effective from and after the first Test Date occurring after the Fifth Amendment Effective Date, the definition of "Combined EBITDA" is hereby amended by deleting the amount "$1.651 billion" appearing therein and by inserting in lieu thereof the amount "$1.608 billion."
Combined EBITDA. The definition of “Combined EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by (x) replacing the phrase “any other non-cash charges” with the phrase “any non-cash charges” and (y) replacing the phrase “December 31, 2013” with the phrase “December 31, 2015”.
Combined EBITDA. For any fiscal period, the Combined Net Income (or Deficit) for such period plus to the extent deducted in determining Combined Net Income (or Deficit), the sum of Combined Total Interest Expense, taxes, depreciation and amortization, in each case of the Borrowers and the Guarantors for such period on a combined basis, all determined in accordance with GAAP plus to the extent not included in determining Combined Net Income (or Deficit), cash Distributions actually received during such period by the Borrowers and the Guarantors from Subsidiaries that are not Borrowers or Guarantors or from the European Subsidiary . Combined Net Income (or Deficit). With respect to any fiscal period, the combined net income (or deficit) of the Borrowers and the Guarantors, after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP, after eliminating therefrom all extraordinary nonrecurring items of income, and also excluding therefrom any non-cash charges or gains, determined in accordance with GAAP, related to hedging contracts (permitted under ss.9.14) until such time as such contracts are settled.
Combined EBITDA. Combined EBITDA shall exclude the effect of non-recurring extraordinary items or asset sales or write-ups or forgiveness of indebtedness (both gains and losses) and impairment charges. For purposes of newly opened Projects which are no longer capitalized, the Annual EBITDA shall be based upon twelve-month projections, until such time as actual performance data for a twelve-month period is available.
Combined EBITDA. A. Combined Net Income for such period: $_______
Combined EBITDA. 48 --------------- SECTION 9.11. Consolidated EBITDA................................................................................48 ------------------- SECTION 9.12.
Combined EBITDA. The Borrowers shall have on a combined basis, as of the end of each Fiscal Quarter, EBITDA of not less than $2,250,000.
