Consolidated Pro Forma EBITDA definition
Examples of Consolidated Pro Forma EBITDA in a sentence
The “Applicable Vesting Factor” shall be equal to either (i) the sole Vesting Factor that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above in the event there is no Vesting Factor Range, or (ii) the sum of (A) the lowest Vesting Factor in the applicable Vesting Factor Range that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above, plus (B) the ProRata Vesting Factor Increase.
The parties hereto agree with the Administrative Agent that for each period that Consolidated Pro Forma EBITDA is calculated after the delivery of the M/V ▇▇▇ ▇.
Borrower shall not permit the Consolidated Funded Debt to Consolidated Pro Forma EBITDA Ratio to be greater than (i) 4.25 to 1.0 at the end of any fiscal quarter of Borrower prior to Marc▇ ▇▇, ▇▇▇▇, (▇▇) ▇.▇ to 1.0 at the end of any fiscal quarter of Borrower on or after March 31, 1999, and prior to December 31, 1999, and (iii) 3.75 to 1.0 at the end of any fiscal quarter of Borrower on and after December 31, 1999.
On the last day of each fiscal ------------------------ quarter of the Company, commencing with the fiscal quarter ended September 30, 1999 and ending with the fiscal quarter ended March 31, 2000, the ratio (expressed as a percentage) of (a) the Consolidated Net Liabilities of the Company and its Subsidiaries to (b) the Consolidated Pro Forma EBITDA of the Company and its Subsidiaries for the period of four consecutive fiscal quarters then ended shall not exceed 450%.
The Cure Amount shall be applied in deemed reduction of debt or (at the option of the Company) as a deemed increase of Consolidated Pro Forma EBITDA.