Combined Adjusted EBITDA means the summation of mdf commerce’s adjusted EBITDA calculated based on mdf commerce’s financial information for its fiscal year ended March 31, 2021 combined with Periscope’s adjusted EBITDA for its fiscal year ended December 31, 2020 before giving effect to the Acquisition, the Offering and the Concurrent Private Placement and without any pro forma or other adjustments.
Combined Adjusted EBITDA means, for any given period, (a) the EBITDA of the Combined Group determined on a Combined basis for such period, minus (b) Capital Reserves for such period.
Combined Adjusted EBITDA means for any applicable computation period, (A) EBITDA (as defined in the Agreement before giving effect to any computations pursuant to this Schedule 2), plus (B) Acquired EBITDA for each ASC Facility, less (C) Disposed EBITDA for each ASC Facility.
Examples of Combined Adjusted EBITDA in a sentence
We present certain potential cost savings as an adjustment to Combined Adjusted EBITDA because we expect them to be a permitted addback pursuant to agreements that govern our indebtedness.
The ratio of (i) Combined Adjusted EBITDA for the period of two consecutive fiscal quarters of the Borrower most recently ending to (ii) Fixed Charges for such period, to be less than 1.70 to 1.00 at any time.
As at 30 June 2014, taking into account the effect of the Acquisition, the debt expected to be issued or drawn, including to fund the Acquisition consideration, the ratio of the Enlarged Group’s pro forma net debt to Combined Adjusted EBITDA (pre-synergies) would be 3.2 times, and pro forma net debt as a percentage of Combined 84-Month ERC would be 46.0%, as set out in the table below.
Then depending on what they were eligible for, we released the second payment, which was between $800 and $1,800 to them upon release.
A column combining (i), (ii) and(iii) is also presented, followed by an additional aggregated figure for illustrative purposes subtracting (iv) and adding (v) to present a Summary Combined Adjusted EBITDA.
More Definitions of Combined Adjusted EBITDA
Combined Adjusted EBITDA means the Fund’s and Food Services’ combined earnings before interest, tax, depreciation and amortization adjusted for certain one-off or non-recurring items as reconciled to net income before tax for each of the Fund and Food Services (refer to following pages for the reconciliation).
Combined Adjusted EBITDA means, with respect to any measurement period, EBITDA of the Combined Business for such period, determined in accordance with US GAAP consistently applied, but adjusted to exclude any (i) losses, costs or charges derived from any extraordinary, unusual, infrequent or nonrecurring event, (ii) losses resulting from the sale or other disposition of assets not in the ordinary course of business, (iii) deductions or losses attributable to adjustments relating to periods preceding the Closing Date, (iv) any gain, loss, cost, charge or income resulting from a change in US GAAP, and (v) losses, costs or charges attributable to any restructuring, refinancing, or acquisitions of businesses or lines of business consummated subsequent to the Closing Date.
Combined Adjusted EBITDA means, for any period, an amount determined for Credit Parties and the OZ Subsidiaries on a combined basis equal to (i) Combined Net Income, plus, to the extent reducing Combined Net Income, the sum, without duplication, of amounts for (a) Combined Interest Expense, (b) provisions for taxes based on income, (c) total depreciation expense, (d) total amortization expense, (e) other non-Cash charges reducing Combined Net Income (excluding any such non-Cash charge to the extent that it represents an accrual or reserve for potential Cash charge in any future period or amortization of a prepaid Cash charge that was paid in a prior period) and (f) any non-recurring and unusual losses deducted in calculating Combined Net Income, minus (ii) the sum of (a) other non-Cash gains increasing Combined Net Income for such period (excluding any such non-Cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash gain in any prior period) and (b) to the extent not deducted in determining Combined Net Income, any cash payments or distributions made on or with respect to the Class C Non-Equity Interests. Notwithstanding anything to the contrary herein, any impacts related to the Restricted Junior Payments under Section 6.3(b) through (g) shall be disregarded in determining Combined Adjusted EBITDA.
Combined Adjusted EBITDA means for any period (i) Combined Adjusted Net Income for such period plus (ii) to the extent deducted in
Combined Adjusted EBITDA means for any period (i) Combined Adjusted Net Income for such period plus (ii) to the extent deducted in determining Combined Adjusted Net Income for such period, the sum of the following amounts, in each case determined on a Combined Basis: (x) interest expense, (y) income tax expense and (z) depreciation and amortization (other than amortization of Film costs and participants' share), plus (iii) to the extent not otherwise included in such Combined Adjusted Net Income, distribution fees paid in cash and cash distributions in respect of capital stock actually made during such period by Single Purpose Subsidiaries to, and received by, any Combined Company that is not a Single Purpose Subsidiary, plus (iv) to the extent deducted in determining Combined Adjusted Net Income for such period, (x) the aggregate amount of inherent loss reserves established in such period under Financial Accounting Standard Board Statement No. 53 (as in effect on the Effective Date, or as the same may be amended or replaced by a new Statement issued by the American Institute of Certified Public Accountants) ("FASB 53"), in respect of Films initially released or broadcast in such period, (y) amortization of the film cost asset of Library Films, to the extent such amortization is attributable to increases in the book value of such Library Films pursuant to Accounting Principles Board Opinion 16 (as in effect on the Effective Date) (including without limitation such increases prior to the Effective Date) and (z) net losses (or minus net income) of Permitted Joint Ventures allocated to the Borrowers and their respective Consolidated Subsidiaries for such period, minus (v) an amount equal to the positive difference, if any, between (A) pro forma amortization of Film costs for the Combined Companies (other than any Single Purpose Subsidiary) in such period as if no inherent loss reserves with respect to Films initially released or broadcast after January 1, 1998 had been established under FASB 53 and (B) actual amortization of Film costs for the Combined Companies (other than any Single Purpose Subsidiary) in such period, all determined on a Combined Basis.
Combined Adjusted EBITDA means for each Fiscal Quarter, (A) the ------------------------ aggregate amount of Adjusted EBITDA of each Reporting Person as of the end of such Fiscal Quarter as disclosed on a Quarterly EBITDA Certificate less (B) an amount equal to the (i) EBITDA calculated for each Reporting Person that has terminated its Service Agreement or (ii) terminated Provider EBITDA (as agreed to by the Borrower and the Agent) for any Provider having net revenues for the prior twelve-month period in excess of $1,000,000 that has ceased to be employed or otherwise retained by any Reporting Person. Provided that for purpose of clause (B) hereof, such determination shall be made within thirty days of the ---------- applicable termination.
Combined Adjusted EBITDA means, for any period, without duplication, (a) the sum of (i) Combined EBITDA for such period, (ii) cash received from IRU sales in such period and (iii) non-cash cost of goods sold relating to IRU sales for such period minus (b) amortized revenues for such period and excluding (c) the effects of fiber and capacity swaps, all the components of which are as determined on a combined basis with respect to Level 3 and the Subsidiaries in accordance with GAAP (other than the definition of Combined EBITDA which is as set forth in this Agreement and other than the treatment of IRU sales which is as set forth in this definition). For purposes of Section 6.14, if Level 3 or any of its Subsidiaries makes any Permitted Business Acquisition during any period in respect of which Combined Adjusted EBITDA is to be determined hereunder, such Combined Adjusted EBITDA will be determined on a pro forma basis as if such acquisition were consummated on the first day of the relevant period; provided, however, that, for periods prior to the date upon which such acquisition is consummated, only positive EBITDA of an entity acquired in connection with a Permitted Business Acquisition shall be included in determining Combined Adjusted EBITDA for purposes of Section 6.14. In the event that Level 3 or any of its Subsidiaries acquires an entity in connection with a Permitted Business Acquisition for which stand alone financial statements are not available, Xxxxx 0 hereby agrees to engage KPMG LLP or other independent public accountants of recognized national standing to conduct a review (such review to be conducted in accordance with GAAS) of financial statements prepared by Xxxxx 0 specifically for such acquired entity, from which Combined Adjusted EBITDA for such acquired entity shall be determined in accordance with this definition and the terms of this Agreement.