Basic Formula definition

Basic Formula will apply only as long as the cumulative pro forma EBITDA of all acquisitions effected under the Basic Formula does not exceed in any of the four Earn-Out Periods, 25% of the Forecast EBITDA for such Earn-Out Period. Once that threshold is reached, GBB and the ABD Shareholders' Representative will agree to a mutually acceptable amendment to the Basic Formula or a new formula specific to the situation as applicable and the Hurdle EBITDA, Forecast EBITDA and Hurdle Amount for each such Earn-Out Period shall be modified accordingly. The Basic Formula described above assumes the following five key elements:
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Related to Basic Formula

  • Accrual Components As specified in the Preliminary Statement.

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.