Core EBITDA means, for any period, (a) Core Net Income plus (b) to the extent deducted in determining such Core Net Income, the sum of standalone (i) interest expense for such period, (ii) income taxes (including Permitted Tax Distributions) accrued with respect to such period, (iii) all amounts attributable to depreciation and amortization for such period and (iv) non-recurring transaction expenses incurred in connection with the incurrence of the Term Loans.
Core EBITDA means, for any period, “Consolidated Adjusted EBITDA” calculated in accordance with this definition but without giving effect to clauses (a)(viii) and (b)(ii) hereof.
Core EBITDA means, with respect to the Borrower, EBITDA, exclusive of any gains or losses attributable to operations of any Unconsolidated Affiliates.
Examples of Core EBITDA in a sentence
The fixed charge coverage ratio is calculated as Core EBITDA divided by the sum of interest expense, principal amortization, capitalized interest and preferred dividends.
For the purposes of this calculation, we annualize the period's Core EBITDA and use the average daily balance of debt outstanding during the period, less cash and cash equivalents and escrow deposits and restricted cash as of the end of the period.
Core EBITDA margin is calculated as Core EBITDA divided by total revenues (including revenues associated with discontinued operations).
Our Adjusted Core EBITDA measure may not be comparable to similarly titled measures used by other companies, including in our industry.
Adjusted Core EBITDA is not a measure of financial performance under either TFRS, IFRS or US GAAP.
More Definitions of Core EBITDA
Core EBITDA means, for any period, (A) the Core Net Income for such period, as determined in accordance with GAAP, plus (B) to the extent included as a deduction in calculating the Core Net Income referred to in clause (A) above, the sum of, without duplication, all income tax expense, interest expense (net of interest income (including cash and non-cash items)), amortization expense and depreciation expense, plus (C) to the extent included in calculating the net income or net loss, as the case may be, referred to in clause (A) above, any and all losses that result from the sale of any assets or securities by Buyer or any of its subsidiaries outside the Ordinary Course of Business; minus (D) to the extent included in calculating the net income or net loss, as the case may be, referred to in clause (A) above, any and all income or gain that results from the sale of any assets or securities by Buyer or any of its subsidiaries outside the Ordinary Course of Business; all (meaning clauses (A), (B), (C) and (D)) as reasonably determined by Buyer based on such information (including Buyer’s financial statements) as Buyer deems appropriate. In the event either of the Founders’ employment isterminated, either by Bankrate or by either Founder for any reason other than no reason, Bankrate shall be permitted to include in the calculation of Core EBITDA Bankrate’s expenses related to the termination of either Founder, including but not limited to, the expenses related to recruiting a replacement for either Founder, transition expenses related to such termination and hiring and replacement, and all management fees and other overhead expenses and costs incurred related to management of the Business upon such termination; however, in the event such Founder’s employment with Buyer is terminated Without Cause (as such term is defined in such Founder’s Executive Agreement), Buyer shall not be permitted to include such overhead expenses.
Core EBITDA means the consolidated total income of THE A CONSULTING TEAM, INC., and its subsidiaries (including INTERNATIONAL OBJECT TECHNOLOGY, INC.), excluding, however, any income/loss attributable to Always-On Software, Inc., and Methoda, Ltd., whether by ownership or otherwise) before interest expense, Collateral Management Fee, Facility Fee, loan modification fee of $20,000, taxes, depreciation, any non-cash writedowns of goodwill and amortization (other than any writeoffs occurring after April 1, 2001 with respect to any assets other than trade Receivables owned by THE A CONSULTING TEAM, INC., and INTERNATIONAL OBJECT TECHNOLOGY, INC., on the date hereof), all calculated in accordance with Generally Accepted Accounting Principles.
Core EBITDA means, in respect of the period of four consecutive full fiscal quarters of the Parent ending on any of the dates set forth below (or, in respect of any such date that is earlier than March 31, 1996, the period from the Closing Date to and including such date), the corresponding amount set forth opposite such date below: Period Ending: Amount -------------- ----------- March 31, 1995 $ 1,091,000 June 30, 1995 4,564,000 September 30, 1995 9,729,000 December 31, 1995 13,900,000 March 31, 1996 15,150,000 June 30, 1996 15,525,000 September 30, 1996 15,925,000 December 31, 1996 16,300,000 March 31, 1997 16,700,000 June 30, 1997 17,100,000 September 30, 1997 17,500,000 December 31, 1997 17,850,000 March 31, 1998 18,175,000 June 30, 1998 18,525,000 September 30, 1998 18,900,000 December 31, 1998 19,550,000 March 31, 1999 20,225,000 June 30, 1999 20,900,000 September 30, 1999 21,625,000 -12- Period Ending: Amount -------------- ----------- December 31, 1999 21,950,000 March 31, 2000 22,300,000 June 30, 2000 22,650,000 September 30, 2000 23,000,000 December 31, 2000 23,475,000 March 31, 2001 23,875,000 June 30, 2001 24,475,000 September 30, 2001 25,000,000 Last day of any fiscal quarter thereafter: 25,000,000
Core EBITDA means, for any period, EBITDA of the Group Parent and its Subsidiaries for such period, provided that, in calculating Core EBITDA:
Core EBITDA means, for any period, Borrower's consolidated net income for that period from continuing operations and investments, determined in accordance with generally accepted accounting principles consistently applied, plus, to the extent deducted (or subtracted) in arriving at such net income, Borrower's consolidated income tax expense or credit, interest expense, minority interest, depreciation and amortization, provided that in computing "Core EBITDA" the results of operations of Quantum and the Quantum Division of Borrower shall be excluded.
Core EBITDA means EBITDA, exclusive of any amounts which would otherwise comprise EBITDA arising out of the operation, management or Disposition of, or otherwise attributable to, Limited Purpose Subsidiary Assets Held For Sale.
Core EBITDA means Borrowers' consolidated total income and their subsidiaries (excluding, however, any non-cash income/loss attributable to Always-On Software, Inc., and Methoda, Ltd., whether by ownership or otherwise) after interest expense, Collateral Management Fee, Facility Fee, loan extension fee, taxes, depreciation, amortization and any non-cash writedowns of goodwill, all calculated in accordance with Generally Accepted Accounting Principles.