Guarantor’s EBITDA Clause Samples
Guarantor’s EBITDA. The Guarantor’s consolidated Adjusted EBITDA (as calculated on a rolling four quarter basis) is less than $400,000,000.
Guarantor’s EBITDA. Guarantor shall maintain a ratio of "Earnings Before Interest, Taxes, Depreciation and Amortization of Deferred Charges" (EBITDA) to cash interest expense liabilities incurred of not less than 1.25 to 1.00 measured on a consolidated basis as of the end of each fiscal quarter. "EBITDA" means, calculated for the period of the previous four fiscal quarters, the consolidated net earnings of Guarantor plus the aggregate amounts deducted in determining such net income in respect of interest expenses, taxes, depreciation and amortization; but not, however, giving effect to extraordinary losses or gains in calculating net income.