Consolidated EBITDDA means, as measured quarterly on the last day of each fiscal quarter for the four quarters then ending, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to the sum of (a) Consolidated Net Income, (b) Consolidated Interest Charges, (c) the amount of taxes, based on or measured by income, used or included in the determination of such Consolidated Net Income, and (d) the amount of depreciation, depletion and amortization expense deducted in determining such Consolidated Net Income.
Consolidated EBITDDA means, as of any date for the four fiscal quarter period ending on such date with respect to the Consolidated Parties on a consolidated basis, the sum of (i) Consolidated Net Income, plus (ii) an amount which, in the determination of Consolidated Net Income for such period, has been deducted for (A) Consolidated Interest Expense, (B) income taxes, (C) depreciation, depletion and amortization expense, (D) any prepayment penalty, make whole premium or loss associated with the Repayment of any Indebtedness permitted hereunder and (E) non-cash equity compensation expense, plus (iii) the cost basis of any Timberlands and real estate sold.
Consolidated EBITDDA means, with respect to the Parent, the Borrower and its Subsidiaries (or, following a Parent Event, the Borrower and its Subsidiaries) 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) income tax expense, (b) interest expense, amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Indebtedness hereunder), (c) depletion expense, (d) depreciation and amortization expense, (e) amortization of intangibles and organization costs, (f) any extraordinary non-cash expenses or losses and (g) any extraordinary, unusual or non-recurring cash income or gains to the extent not included in Consolidated Net Income, and minus, (i) to the extent included in the statement of such Consolidated Net Income for such period, any extraordinary, unusual or non-recurring non-cash income or gains (including, whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary course of business) and (ii) any cash payments made during such period in respect of non-cash expenses or losses and subsequent to the fiscal quarter in which the relevant non-cash expenses or losses were reflected as a charge in the statement of Consolidated Net Income, all as determined on a consolidated basis. For purposes of calculating Consolidated EBITDDA of the Parent (or if a Parent Event has occurred, the Borrower) and its Subsidiaries for any period for the purposes of Section 6.17 and Section 6.18 of this Agreement, (i) the earnings before interest, taxes, depletion, depreciation and amortization calculated as set forth above of any Person or assets acquired by the Borrower or its Subsidiaries during such period shall be included on a pro forma basis for such period as if such acquisition, and the incurrence or assumption of any Indebtedness in connection therewith, had occurred on the first day of such period and based upon the financial statements and other information delivered to the Administrative Agent pursuant to Section 5.01 hereof, and (ii) the earnings before interest, taxes, depletion, depreciation and amortization calculated as set forth above of any Person or assets Disposed of by the Borrower or its Subsidiaries during such pe...
Examples of Consolidated EBITDDA in a sentence
In addition, Adjusted EBITDA presented below is not calculated or presented on the same basis as Consolidated EBITDA as defined in our partnership agreement or Consolidated EBITDDA as defined in Opco's debt agreements.
At no time shall the ratio of the Parent's Consolidated Total Indebtedness to its Consolidated EBITDDA for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, exceed 2.50 to 1.00.
At no time shall the ratio of the Parent's Consolidated EBITDDA for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, to its Consolidated Interest Expense for the four (4) most recently completed Fiscal Quarters, taken as a single accounting period, be less than 4.00 to 1.00.
The ratio of (a) Consolidated Indebtedness to (b) Consolidated EBITDDA is [ ] to [ ] (per attached calculation), which does not exceed the allowed ratio of 3.00 to 1.00.
The ratio of (a) Consolidated EBITDDA to (b) the sum of (i) Consolidated Interest Expense, plus (ii) Consolidated Lease Expense is [ ] to [ ] (per attached calculation), which is not less than the allowed coverage of 3.50 to 1.00.
More Definitions of Consolidated EBITDDA
Consolidated EBITDDA means, for any period, the sum of: (a) Consolidated Net Income; (b) Consolidated Interest Expense; (c) consolidated depreciation expense; (d) consolidated amortization expense; (e) consolidated depletion expense (excluding the portion associated with the minority interest in Timber Funds); (f) the cost of land sold by Companies; and, (g) plus or minus, as the case may be, Consolidated Taxes to the extent recognized in the computation of Consolidated Net Income, all as determined in accordance with GAAP.
Consolidated EBITDDA means, for any period, as applied to the Company and its consolidated Subsidiaries without duplication, the sum of the amounts for such period of: (i) Consolidated Net Income, plus (ii) the following to the extent deducted in calculating such Consolidated Net Income: (a) Consolidated Interest Expense, (b) all federal and state income tax expense, (c) all depreciation, depletion and amortization expense, (d) any non-cash asset impairments or restructuring charges (other than any non-cash charges to the extent that such charge represents an accrual of or reserve for a future cash payment), including non-cash charges relating to the vesting of performance unit and equity based compensation plans in connection with any change of control, (e) solely for the four fiscal quarter period ending June 30, 2014, actual cash restructuring charges (including proxy-related settlement charges) of up to $8,000,000, and (f) actual cash proxy defense-related expenses in an aggregate amount not to exceed $2,000,000 during such period, all of the foregoing as determined and computed on a Consolidated basis in accordance with GAAP.
Consolidated EBITDDA means, for any period, the sum of: (a) Consolidated Net Income; (b) Consolidated Interest Expense; (c) consolidated depreciation expense; (d) consolidated amortization expense; (e) consolidated depletion expense; (f) the cost of land sold by Companies; and, (g) plus or minus, as the case may be, Consolidated Taxes to the extent recognized in the computation of Consolidated Net Income, all as determined in accordance with GAAP, excluding the portions of depreciation expense, amortization expense, depletion expense and cost of land sold associated with the non-controlling interest in Timber Funds.
Consolidated EBITDDA means, as of any date for the four fiscal quarter period ending on such date with respect to the Consolidated Parties on a consolidated basis, the sum of (i) Consolidated Net Income, plus (ii) an amount which, in the determination of Consolidated Net Income, has been deducted for (A) Consolidated Interest Expense, (B) income taxes, (C) depreciation, depletion and amortization expense and (D) any prepayment penalty, make-whole premium or loss associated with the Repayment of any Indebtedness permitted hereunder.
Consolidated EBITDDA means, for any period, Consolidated Net Income for such period, (x) excluding therefrom (A) any non-cash extraordinary items of gain or loss (including without limitation those items created by mandated changes in accounting treatment) and (B) any gain or loss of any other Person accounted for on the equity method, except to the extent of cash distributions received during the relevant period (y) plus the aggregate amounts deducted in determining Consolidated Net Income for such period in respect of (i) Consolidated Interest Expense, (ii) income taxes, (iii) depletion expense, (iv) depreciation expense and (iv) amortization expense. Notwithstanding the foregoing, in the calculation of Consolidated EBITDDA for each of the Fiscal Quarters ending September 30, 2002, December 31, 2002, March 31, 2003, June 30, 2003 and September 30, 2003, respectively, Consolidated EBITDDA shall be determined as follows: (i) for the Fiscal Quarter ending September 30, 2002, Consolidated EBITDDA shall be Historical EBITDDA, (ii) for the Fiscal Quarter ending December 31, 2002, Consolidated EBITDDA shall be the Historical EBITDDA multiplied by the sum of 365 minus the number of days elapsed from the Closing Date until December 31, 2002 divided by 365, plus Consolidated EBITDDA of the Parent for the period beginning on the Closing Date and ending December 31, 2002, (iii) for the Fiscal Quarter ending March 31, 2003, Consolidated EBITDDA shall be the Historical EBITDDA of the Parent multiplied by the sum of 365 minus the number of days elapsed from the Closing Date until March 31, 2002 divided by 365, plus Consolidated EBITDDA of the Parent for the period beginning on the Closing Date and ending March 31, 2003, (iv) for the Fiscal Quarter ending June 30, 2003, Consolidated EBITDDA shall be Historical EBITDDA multiplied by the sum of 365 minus the number of days elapsed from the Closing Date until June 30, 2003, plus Consolidated EBITDDA of the Parent for the period beginning on the Closing Date and ending June 30, 2003, and (v) for the Fiscal Quarter ending September 30 2003, Consolidated EBITDDA shall be Historical EBITDDA multiplied by the sum of 365 minus the number of days elapsed from the Closing Date until September 30, 2003, plus Consolidated EBITDDA of the Parent for the period beginning on the Closing Date and ending September 30, 2003.
Consolidated EBITDDA means for any period Consolidated Net Income for such period plus, to the extent deducted from revenues in determining Consolidated Net Income, (i) consolidated interest expense, (ii) expense for taxes paid or accrued, (iii) depreciation, depletion, amortization, and any other non-cash charges, (iv) extraordinary or non-recurring expenses or losses incurred other than in the ordinary course of business and (v) unrealized loss from Rate Management Obligations, if any, minus, to the extent included in Consolidated Net Income, extraordinary or non-recurring income or gains realized other than in the ordinary course of business, and non-cash credits, all calculated for the Parent, Borrower and their Subsidiaries on a consolidated basis.
Consolidated EBITDDA means, for any period, as applied to the Company and its consolidated Subsidiaries without duplication, the sum of the amounts for such period of: (i) Consolidated Net Income, plus (ii) Consolidated Interest Expense, plus (iii) all federal and state income tax expense, plus (iv) all depreciation, depletion and amortization expense, plus (v) any non-cash asset impairments or restructuring charges (other than any non-cash charges to the extent that such charge represents an accrual of or reserve for a future cash payment), plus (vi) actual cash restructuring charges of up to $7,000,000 for each of the twelve month periods ending June 30, 2013, September 30, 2013, December 31, 2013 and March 31, 2014, all of the foregoing as determined and computed on a consolidated basis in accordance with GAAP.