Consolidated Cash EBITDA for any period, Consolidated Net Income for such period plus, without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (a) Consolidated Interest Expense, (b) depreciation, amortization and accretion expense, (c) income tax expense, (d) extraordinary, unusual or non-recurring expenses or losses, (e) restructuring charges in an amount not to exceed $5,000,000 during the term of this Agreement, (f) impairment charges related to non-cash write downs on Towers and other assets, (g) expenses or losses from "discontinuation of operations" accounting treatment (whether or not includable as a separate item in the statement of such Consolidated Net Income for such period), (h) other non-cash expenses and (i) any expense which was included in Consolidated Net Income for such period resulting from GAAP "straight-lining" pertaining to ground leases, and minus, to the extent included in the statement of Consolidated Net Income for such period, the sum of (a) extraordinary, unusual or non-recurring income or gains, (b) income or gains from "discontinuation of operations" accounting treatment (whether or not includable as a separate item in the statement of such Consolidated Net Income for such period), (c) income tax benefits, (d) other non-cash income, all as determined on a consolidated basis, (e) the amount of Restricted Payments made by the Borrower to Holdings to pay corporate selling, general and administrative expenses paid during such period (whether or not includable as a separate item in the statement of such Consolidated Net Income for such period), and (f) any non-cash income which was included in Consolidated Net Income for such period as a result of GAAP "straight-lining" pertaining to tenant leases; provided that, for purposes of calculating Consolidated Cash EBITDA for any period, the Consolidated Cash EBITDA of any Person or Property Disposed of by the Borrower or its Subsidiaries during such period shall be excluded for such period (assuming the consummation of such Disposition and the repayment of any Indebtedness in connection therewith occurred on the first day of such period). It is understood and agreed that Consolidated Cash EBITDA shall be calculated substantially as set forth on Schedule 1.1C.
Consolidated Cash EBITDA means, for any period, Consolidated EBITDA, plus 100% of the net decrease in the Contract Asset Balance on the last day of such period compared to the first day of such period, less 100% of the net increase in the Contract Asset Balance on the last day of such period compared to the first day of such period.
Consolidated Cash EBITDA has the meaning specified in the First Lien Credit Agreement as in effect on the Fourth Amendment Effective Date.
Examples of Consolidated Cash EBITDA in a sentence
The Administrative Agent shall be satisfied that on the Restatement Effective Date the ratio of Consolidated Total Debt to Consolidated Cash EBITDA for the twelve-month period ended as of June 30, 2004 shall be no greater than 4.0 to 1.0, determined on a pro forma basis for the consummation of the transactions contemplated hereby.
From and after the First Amendment Effective Date until the end of the fourth full fiscal quarter ending after the Litigation Matters Settlement Date, permit Consolidated Cash EBITDA as of the end of any fiscal quarter of the Borrower to be less than $60,000,000 for the period of four fiscal quarters of the Borrower ended on such date.
Permit Consolidated Cash EBITDA to be less than (i) for the four fiscal quarter periods ending on March 31, 2012 and June 30, 2012, $25,000,000, (ii) for the four fiscal quarter period ending September 30, 2012, $30,000,000, (iii) for the four fiscal quarter periods ending December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013 and December 31, 2013, $35,000,000 and (iv) for each four fiscal quarter period ending thereafter, $40,000,000.
Permit Consolidated Cash EBITDA for the twelve-month period ending on the last day of each fiscal quarter of the Borrower to be less than $22,000,000.
Permit the ratio of (i) Consolidated Cash EBITDA for any fiscal quarter of the Borrower to (ii) Consolidated Cash Interest Expense accrued by the Borrower and its Subsidiaries (and by Holdings and its Subsidiaries, for any period between the Closing Date and the Effective Date) during such quarter to be less than 4.00 to 1.00.
More Definitions of Consolidated Cash EBITDA
Consolidated Cash EBITDA means, with respect to any Person, for any period, an amount determined for such Person and its Subsidiaries on a consolidated basis equal to the Consolidated EBITDA for such period plus, the excess (or minus, if a deficiency) of deferred revenue liabilities associated with membership fees and advertising revenues as of the current period fiscal month end over the prior year comparable period fiscal month end.
Consolidated Cash EBITDA means, for any period, Consolidated Net Income for such period, adjusted by (x) adding thereto, in each case only to the extent (and in the same proportion) deducted in determining such Consolidated Net Income and without duplication:
Consolidated Cash EBITDA means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus
Consolidated Cash EBITDA means, as of any date for the applicable period ending on such date with respect to any Person and its Restricted Subsidiaries on a consolidated basis, the sum of (a) Consolidated Net Income adjusted to include only the cash impact of deferred revenue and related costs and deferred rental expense, plus (b) an amount which, in the determination of Consolidated Net Income as adjusted for such period, has been deducted (and not added back) for (other than clauses (xix) and (xxi) below), without duplication:
Consolidated Cash EBITDA for any period, Consolidated EBITDA for such period plus, without duplication, to the extent not included in Consolidated EBITDA for such period, cash proceeds received in such period from dispositions of IRUs in the ordinary course of business plus, without duplication, to the extent reflected as a charge in the statement of Consolidated Net Income for such period and not added to Consolidated Net Income in the calculation of Consolidated EBITDA for such period, transaction costs and expenses incurred in connection with (a) the acquisition by Leucadia in 2003 of the remaining capital stock of Holdings not previously owned by Leucadia and (b) the Facilities and minus, to the extent included in the statement of Consolidated Net Income and not deducted in the calculation of Consolidated EBITDA for such period, the amortization of proceeds from dispositions of IRUs in the ordinary course of business, all as determined on a consolidated basis; provided that for the purposes of this definition only, notwithstanding anything to the contrary herein, Consolidated Cash EBITDA for the fiscal quarter of the Group Members ending (i) March 31, 2004 shall be $20,600,000 and (ii) June 30, 2004 shall be $44,800,000.
Consolidated Cash EBITDA means, for any period, Consolidated Adjusted EBITDA of the Borrower and its Subsidiaries, for such period, plus, to the extent deducted in calculating Consolidated Net Income and not already added back in calculating Consolidated Adjusted EBITDA for such period, all non-cash charges incurred during such period, plus or minus changes in deferred revenue for such period and minus any cash payments made during such period in respect of non-cash items previously added back in calculating Consolidated Adjusted EBITDA.
Consolidated Cash EBITDA means, for any period, Consolidated EBITDA, plus 100% of the net decrease in the Contract Asset Balance on the last day of such period compared to the first day of such period, less 100% of the net increase in the Contract Asset Balance on the last day of such period compared to the first day of such period. “Compliance Certificate” means a Compliance Certificate required to be delivered pursuant to Section 5.01. “Consolidated EBITDA” means, for any period, the Consolidated Net Income for such period, plus: (a) without duplication and to the extent already deducted or, in the case of clauses (v), (viii), (xiii) and (xix) below, to the extent not included (and not added back or excluded) in arriving at such Consolidated Net Income, the sum of the following amounts for such period: (i) total interest expense and, to the extent not reflected in such total interest expense, non-cash interest payments, premium payments, debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, the implied interest component of synthetic leases with respect to such period, interest in respect of Financing Lease Obligations, any discounts, yield and other fees and charges (including any interest expense) related to any Permitted Receivables Financing, any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such hedging obligations or such derivative instruments, and commissions, discounts and other fees and charges owed with respect to bankers acceptances, and bank and letter of credit fees and costs of surety bonds in connection with financing activities (whether amortized or immediately expensed), (ii) provision for taxes based on income, profits, revenue or capital, and sales taxes, including federal, foreign and state income, franchise, excise and similar taxes based on income, profits, revenue or capital and foreign withholding taxes paid or accrued during such period (including in respect of repatriated funds) including penalties and interest related to such taxes or arising from any tax examinations,