Consolidated EBITDAP definition

Consolidated EBITDAP means, as of any date of determination for the four quarter period ending on such date and without duplication,
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Consolidated EBITDAP means, with respect to the Borrower and its Subsidiaries for any period, the Consolidated Net Income of the Borrower and its Subsidiaries for such period plus (without duplication), to the extent the same was deducted in computing such Consolidated Net Income:
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Consolidated EBITDAP means, as measured at any date of determination, for any period, an amount equal to the sum of (a) Consolidated Net Income (before extraordinary non-cash items and non-cash items in respect of discontinued operations), plus (b) Interest Expense, plus (c) provisions for income taxes, plus (d) depreciation, plus (e) amortization, plus (f) other non-cash expenses in an aggregate amount not to exceed $16,500,000, plus (g) patronage dividends. Consolidated EBITDAP shall be adjusted on a pro forma basis to reflect an acquisition or disposition of assets involving consideration in excess of $10,000,000 that occurs after the Closing Date, for the entirety of the applicable period.
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Examples of Consolidated EBITDAP in a sentence

  • The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $89,000,000 for the twelve (12) month period ending as of February 28, 2007.

  • The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $105,000,000 for the twelve (12) month period ending as of August 31, 2011 (calculated on a pro forma basis for the Transactions, which shall include such adjustments reasonably acceptable to WFS).

  • The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $190,000,000 for the twelve (12) month period ending as of February 28, 2014.

  • The foregoing provisions shall have no effect on the amounts of additional interest that are or may be due for any relevant Fiscal Quarter under Section 1.6C, which shall be paid promptly in accordance with the terms of said section (and for purposes of Section 1.6C, the parties shall continue to use Consolidated EBITDAP notwithstanding the amendment to such definition herein).

  • As of the last day of each Fiscal Quarter of the Company, the Company shall not permit the ratio of (x) Indebtedness at such time to (y) Consolidated EBITDAP for the four Fiscal quarters of the Company then ended to be greater than 3.50 to 1.00.

  • The Company will not permit as of the last day of any Fiscal Quarter the ratio of (i) Consolidated EBITDAP to (ii) Fixed Charges to be less than 1.80 to 1.00 for the period consisting of the consecutive four fiscal quarters then ended.

  • For purposes of this Section 7.6A, “▇▇▇▇ ▇▇▇▇▇▇▇ Leverage Ratio” means the maximum Indebtedness to Consolidated EBITDAP Ratio permitted by Section 8.6(e) of the ▇▇▇▇ ▇▇▇▇▇▇▇ Agreement at December 29, 2012.

  • The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Credit Parties that Consolidated EBITDAP is not less than $70,000,000 for the twelve (12) month period ending as of August 31, 2004.

  • As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall maintain a ratio of (x) Consolidated EBITDAP for the four Fiscal Quarters of the Borrower then ended to (y) Consolidated Fixed Charges for the same four Fiscal Quarters then ended of not less than 1.80 to 1.0.


More Definitions of Consolidated EBITDAP

Consolidated EBITDAP means, for any period, for the Borrower and its Restricted Subsidiaries on a Consolidated basis, an amount equal to Consolidated Net Income for such period (a) plus the following, without duplication, to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) tax expense (including, without limitation, any federal, state, local and foreign income (or equivalent) taxes) of the Borrower and its Restricted Subsidiaries for such period, (iii) depreciation, amortization (including amortization of goodwill and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash expenses or charges (excluding amortization of a prepaid cash expense that was paid in a prior period, and provided that if any such other non-cash charges represent an accrual or reserve for potential cash items in any future period, (A) the Borrower may determine not to add back such non-cash charge in the current period and (B) to the extent the Borrower does decide to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDAP to such extent) of the Borrower and its Restricted Subsidiaries for such period, and (iv) the amount of net cost savings and synergies projected by the Borrower, as determined by the chief financial officer of the Borrower, to be realized as a result of specified actions taken or reasonably expected to be taken within twelve (12) months after the date of determination to take such action, in the reasonable judgment of the chief financial officer of the Borrower (calculated on a Pro Forma Basis as though such cost savings or synergies had been realized on the first day of such period and as if such cost savings and synergies were realized during the entirety of such period), net of the amount of actual benefits realized during such period from such actions; provided, that,
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Consolidated EBITDAP means, for any period, for the Borrower and its Restricted Subsidiaries on a Consolidated basis, an amount equal to Consolidated Net Income for such period (a) plus the following, without duplication, to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) tax expense (including, without limitation, any federal, state, local and foreign income (or equivalent) taxes) of the Borrower and its Restricted Subsidiaries for such period, (iii) depreciation, amortization (including amortization of goodwill and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash expenses or charges (excluding amortization of a prepaid cash expense that was paid in a prior period, and provided that if any such other non-cash charges represent an accrual or reserve for potential cash items in any future period, (A) the Borrower may determine not to add back such non-cash charge in the current period and (B) to the extent the Borrower does decide to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDAP to such extent) of the Borrower and its Restricted Subsidiaries for such period, and (iv) the amount of net cost savings and synergies projected by the Borrower, as determined by the chief financial officer of the Borrower, to be realized as a result of specified actions taken or reasonably expected to be taken within twelve (12) months after the date of determination to take such action, in the reasonable judgment of the chief financial officer of the Borrower (calculated on a Pro Forma Basis as though such cost savings or synergies had been realized on the first day of such period and as if such cost savings and synergies were realized during the entirety of such period), net of the amount of actual benefits realized during such period from such actions; provided, that, (A) such cost savings or synergies are reasonably identifiable and factually supportable and (B) the aggregate amount added back pursuant to this clause (a)(iv) for any period shall not exceed twenty percent (20%) of Consolidated EBITDAP (calculated without giving effect to the add backs permitted pursuant to this clause (a)(iv)) for such period, and (b) minus the following, without duplication, to the extent included in calculating such Consolidated Net Income: (i) all non-cash income or gains for such ...
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Consolidated EBITDAP means, as of any date of determination for the four quarter period ending on such date, (a) Consolidated Net Income for such period plus (b) the sum of the following (without duplication) to the extent deducted in calculating Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) tax expense (including, without limitation, any federal, state, local and foreign income (or equivalent) taxes) of the Borrower and its Subsidiaries for such period, (iii) depreciation and amortization for such period, (iv) any non-cash loss or expense associated with any unfunded post-retirement health or insurance benefit plans of the Borrower, but only to the extent Section 420 of the Internal Revenue Code (or its successor provision) was utilized by the Borrower in the preceding fiscal year of the Borrower, (v) non-cash pension plan expenses for such period, (vi) non-recurring fees and expenses paid in connection with the Transactions as well as any write-off of any unamortized fees and expenses associated with prior financings now affected by the Transactions for such period, (vii) charges associated with legal judgments rendering the Borrower contributorily liable under CERCLA in the case of GenCorp Inc. vs. Olin Corporation in an amount not to exceed $30,000,000 and (viii) no▇-▇▇sh charges related to discontinued operations for such period minus the following (without duplication): (A) cash charges to the extent such cash charges were added back to Consolidated Net Income in calculating Consolidated EBITDAP for a prior period after the Closing Date, except for cash charges related to the GDX manufacturing facility in Chartres, France for such period in an amount not to exceed $6,000,000, (B) cash contributions to pension plans during such period to the extent not already included in the calculation of Consolidated Net Income and (C) non-cash pension plan income for such period.
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Consolidated EBITDAP means, as of any date of determination for the four quarter period ending on such date, (a) Consolidated Net Income for such period plus (b) the sum of the following (without duplication) to the extent deducted in calculating Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) tax expense (including, without limitation, any federal, state, local and foreign income (or equivalent) taxes) of the Borrower and its Subsidiaries for such period, (iii) depreciation and amortization for such period, (iv) any non-cash loss or expense associated with any unfunded
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Consolidated EBITDAP means, for the applicable Reference Period, an amount equal to the sum (without duplication) of (a) Consolidated Net Income, plus (b) Consolidated Interest Expense, plus (c) provisions for income taxes, plus (d) depreciation, plus (e) amortization, plus (f) other non-cash, non-recurring losses, plus (g) Patronage Dividends, plus (h) any make-whole premiums paid to the holders of the ▇▇▇▇ ▇▇▇▇▇▇▇ Debt required by the terms thereof upon any prepayment of principal thereof, plus (i) one-time, non-recurring charges and expenses incurred in connection with (i) the Fresno, California warehouse closure, (ii) the ▇▇▇▇▇▇▇ facility closure in an aggregate amount not to exceed $200,000, (iii) employee severance in an amount not to exceed $750,000, (iv) legal settlement payments not to exceed $500,000 and (v) such other one-time, non-recurring charges and expenses approved by Required Lenders, minus (j) non-cash, non-recurring gains. The foregoing calculation shall be adjusted on a pro forma basis to reflect each Permitted Acquisition as provided in the definition of Consolidated Fixed Charge Coverage Ratio.
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Related to Consolidated EBITDAP

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated EBITR means, for any period, an amount equal to, the sum of its Consolidated Net Income plus, to the extent deducted in determining Consolidated Net Income (i) provisions for taxes based on income, (ii) Consolidated Interest Expense, and (iii) Consolidated Rental Expense.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.