Base EBITDA definition

Base EBITDA means, for the MB Business, for any 12 month period the lesser of (i) its EBITDA for such period and (ii) $7.3 Million;

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Base EBITDA means the Adjusted EBITDA for the three-month period ending June 30, 2001, as further detailed on Exhibit B attached hereto.

Base EBITDA means the average of the Company's EBITDA for the three years preceding the year for which the Bonus Pool is being calculated.

Examples of Base EBITDA in a sentence

• In the event that a Base EBITDA Target is not met for either the 2008 or the 2009 fiscal year, such one third (1/3rd) of the original number of Performance Optioned Shares shall not become Vested Optioned Shares unless and until the Company meets the Base EBITDA Target for the following fiscal year.

• In the event that a Base EBITDA Target is met or exceeded for a given fiscal year, one third (1/3rd) of the original number of Performance Optioned Shares shall become “Vested Optioned Shares” upon the completion of the Company’s audited financial statements for such year demonstrating that such Base EBITDA Target has been met or exceeded for such year.

• For the avoidance of doubt, if the 2021 EBITDA is less than (x) the lesser of $22,466,667 and the 2020 EBITDA or (y) the Base EBITDA, then the Seller shall not be entitled to any 2021 Earnout Amount.

• For the purpose of calculating the Business Development Bonus, the Year 1 Base EBITDA shall be an amount equal to 115% of the stated EBITDA generated by the Company during the twelve calendar month period ending on the last day of the month in which the Effective Date occurs (the “Base EBITDA”), and the Year 2 Base EBITDA shall be an amount equal to 115% of the Year 1 Base EBITDA.

• The target Base EBITDA Bonus shall be one hundred fifty percent (150%) of the Base Salary (the “Target EBITDA Bonus”).

More Definitions of Base EBITDA

Base EBITDA means (a) on the First Issue Date and until (but excluding) the second Test Interim Report has been published, SEK 6,602,004 and (b) from (and including) the second Test Interim Report, EBITDA for the Reference Period covered by the most recent Test Interim Report.

Base EBITDA shall be equal to $11,633,839.

Base EBITDA means, with respect to any Fiscal Year, the EBITDA for the immediately preceding Fiscal Year; provided that the Base EBITDA with respect to Fiscal Year 2021 shall equal $300,000.

Base EBITDA means the EBITDA of the acquired business generated from the operations of the acquired business in Massachusetts as of the date of acquisition of such business by Buyer or an Affiliate thereof calculated in accordance with GAAP; provided, however, in no event shall the Base EBITDA be less than zero dollars ($0.00). Within sixty (60) days after the closing of any such acquisition, Buyer shall deliver to Seller a written notice that sets forth its computation, in reasonable detail, of the Base EBITDA of such acquired business. The dispute mechanisms set forth in Section 1.03(b) shall apply to the determination of the Base EBITDA, mutatis mutandis. Buyer and Seller currently estimate that the management fees, corporate overhead allocations and intercompany charges of the Acquired Companies during the Annualized Period is approximately $3,000,000 on an annualized basis. Following the Closing, Buyer and Seller agree to work together in good faith to review the financial information, corporate overhead allocations, and intercompany charges of the Acquired Companies during the Annualized Period to seek to reach agreement on the total annualized costs to the Acquired Companies for such period for purposes of clauses (iv) and (v) above.

Base EBITDA means $5,600,000 and shall be calculated in the same manner as Earnout EBITDA. Within 45 days following the end of the Earnout Period, the Company will provide the calculation of the Earnout to the Seller and will provide any supporting documentation reasonably requested by the Seller. The Seller shall have 15 days from receipt thereof to review the calculations and approve the Earnout calculations. In the event that the Seller does not agree with the calculations, then the parties shall hire PricewaterhouseCoopers LLP to compute the Earnout. and that computation shall be binding, final and not subject to appeal or further review by either party. The payment of the Earnout will be delayed until such computation is complete. For the purposes of calculating the Earnout, in the event of a change in the Company's accounting policies, EBITDA will be calculated using the historical accounting policies.

Base EBITDA means EBITDA for the 12 month period ending on the Closing Date.

Base EBITDA means One Million One Hundred Sixty-One Thousand Dollars ($1,161,000).