Annualised EBITDA definition

Annualised EBITDA has the meaning given to it in Clause 17.1 (Financial definitions). Anti-Terrorism Law means each of:

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Annualised EBITDA has the meaning given to it in Clause 17.1 (Financial definitions).

Annualised EBITDA means with respect to any Quarter Date, the consolidated EBITDA of the UK Group, for the Relevant Period ended on such Quarter Date, multiplied by two.

Examples of Annualised EBITDA in a sentence

• The ratio of the Total Net Debt on each of the Quarter Dates specified in column one below to the Annualised EBITDA of the UK Group for the Relevant Period ended on that date shall be no greater than the ratio set out in column two below corresponding to that date.

• The ratio of the UK Group Net Senior Debt on each of the Quarter Dates specified in column one below to the Annualised EBITDA of the UK Group for the Relevant Period ended on that date shall be no greater than the ratio set out in column two below corresponding to that date.

• Annualised EBITDA of the Borrower Group used in such calculations by subtracting the Annualised EBITDA attributable to persons or assets disposed of since the end of the Latest Ratio Period and the Annualised EBITDA attributable to the person or asset the subject of such disposal, in each case for the Latest Ratio Period, those financial ratios would not be breached.

• Amend Clause 10.3 (Mandatory Prepayment from Disposal Proceeds) such that it is that there shall be no requirement to make a prepayment if the financial ratio set out in Clause 20.2 (Net Total Debt to Consolidated Annualised EBITDA) was not required to be tested for the most recent Measurement Period ending prior to (i) the receipt of such Net Proceeds or (ii) the Reinvestment End Date (as applicable).

• The ratio of the Target Group Net Senior Debt on each of the Quarter Dates specified in column one below to the Annualised EBITDA of the Target Group for the Relevant Period ended on that date shall be no greater than the ratio set out in column two below corresponding to that date.

More Definitions of Annualised EBITDA

Annualised EBITDA means in respect of any Ratio Period, two times EBITDA of the Borrower Group based for that Ratio Period adjusted to take into account any Acquisitions or disposals made after the relevant Ratio Period but before the delivery of the relevant compliance certificate in respect of that Ratio Period under Clause 16.2(d) (Financial information).

Annualised EBITDA shall have the meaning as set out in Clause 22 (Financial Condition).

Annualised EBITDA means, at any relevant time, the EBITDA for the three month period ending on such date multiplied by four (4).

Annualised EBITDA means the annualised earnings before interest, tax, depreciation and amortisation (calculated on the same basis as Consolidated Annualised EBITDA).

Annualised EBITDA means twice the aggregate EBITDA in respect of the last two (2) Quarters immediately preceding the relevant calculation date.

Annualised EBITDA means, in respect of any Ratio Period, two times EBITDA of the Borrower Group for that Ratio Period. EBITDA means, in respect of any period or person, the Net Income of that person (plus, in the case of the Borrower Group, any amount attributable to non-cash compensation payable to employees or directors of members of the Borrower Group deducted in calculating Net Income, any depreciation, amortisation, other non-cash charges (such as deferred Taxes), accrued Management Fees (whether or not paid), fees accrued (whether or not paid) in respect of Financial Indebtedness and interest expense and other charges in respect of Financial Indebtedness) for such period adjusted as follows:

Annualised EBITDA means the EBITDA during the preceding twelve months.