Covenant EBITDA means the calculation of the “EBITDA” metric specified by VodafoneZiggo’s debt agreements.
Covenant EBITDA has the meaning set forth in Section 2.21.
Covenant EBITDA means the EBITDA for the twelve-month period shown on the Earn-Out Statement for the applicable month, subject to the following adjustment (the “Force Majeure Adjustment”): At any time prior to the 15th day after receipt of an Earn-Out Statement that may have been affected by an Force Majeure Event, the Sellers’ Representative may request that Calavo revise the Covenant EBITDA based on such Force Majeure Event (“Adjustment Request”) by sending written notice to Calavo that a Force Majeure Event has occurred and the nature of the Force Majeure Event. Calavo and the Sellers’ Representative will attempt in good faith for a period of 30 days after the Adjustment Request to determine the EBITDA for such period as if the Force Majeure Event identified in the Adjustment Request had not occurred. If Calavo and Sellers’ Representative cannot mutually agree upon an adjusted EBITDA number for such period, the matter shall be submitted to an Independent Accounting Firm as set forth in Section 2.15. Force Majeure Adjustments pursuant to the above shall be made for the twelve-month period ending with the month for which the Sellers’ Representative made the Adjustment Request and the twelve-month periods ending on the last day of the five months following such month (six months in total).
Examples of Covenant EBITDA in a sentence
Although our management believes these estimates and assumptions are reasonable, investors should not place undue reliance upon the calculation of Covenant EBITDA given how it is calculated and the possibility that the underlying estimates and assumptions may ultimately not reflect actual results.
Although these estimated cost savings increase our Covenant EBITDA by the amount of savings expected to be achieved, these cost savings are merely estimates and may not actually be achieved in the timeframe anticipated, which may be in the future, or at all.
These charges are not included in the calculation of Covenant EBITDA.
Although Covenant EBITDA is derived in part from our financial statements, the calculation of Pro Forma Adjusted EBITDA pursuant to the PIK Notes Indenture permits certain estimates and assumptions that may differ materially from actual results.
Covenant EBITDA is not a presentation made in accordance with IFRS, is not a measure of financial condition, liquidity or profitability and should not be considered as an alternative to loss for the period determined in accordance with IFRS or operating cash flows determined in accordance with IFRS.
More Definitions of Covenant EBITDA
Covenant EBITDA means, for any period, the amount equal to: (i) net income (loss); plus (ii) financial results net; plus (iii) income tax and social contribution; plus (iv) depreciation and amortization; minus (v) minority interest result; minus (vi) provisions for the variation in value of put option obligations; minus (vii) non-operating result (which includes any gains on asset sales and any asset write-off or impairments); plus (viii) any non-cash expenses and non-cash charges, to the extent that they are non- recurring, minus (ix) any non-cash credits and gains increasing net income, to the extent that they are non-recurring; minus (x) any cash payments made on a consolidated basis during such period relating to non-cash charges that were added back in determining Covenant EBITDA in any prior period; plus (xi) expenses related to adherence to the Minas Gerais State Tax Credits Regularization Plan (Plano de Regularização de Créditos Tributários – PRCT), incurred in the third quarter of 2017; minus (xii) non-cash revenues related to transmission and generation indemnification; plus (xiii) cash dividends received from minority investments (as measured in the statement of cash flows); minus (xvi) monetary updating of concession grant fees; plus (xx) cash inflows related to concession grant fees; plus (xvi) cash inflows related to transmission revenue for cost of capital coverage; plus 0 Xxxxxxx Xxxxxx - 7E, New York, New York 10286, Attention: Corporate Trust Administration, or such other address as the Trustee may designate from time to time by notice to the Company. “Covenant Defeasance” has the meaning specified in Section 1303. “Covenant EBITDA” means, for any period, the amount equal to: (i) net income (loss); plus (ii) financial results net; plus (iii) income tax and social contribution; plus (iv) depreciation and amortization; minus (v) minority interest result; minus (vi) provisions for the variation in value of put option obligations; minus (vii) non-operating result (which includes any gains on asset sales and any asset write-off or impairments); plus (viii) any non-cash expenses and non-cash charges, to the extent that they are non- recurring, minus (ix) any non-cash credits and gains increasing net income, to the extent that they are non-recurring; minus (x) any cash payments made on a consolidated basis during such period relating to non-cash charges that were added back in determining Covenant EBITDA in any prior period; plus (xi) expenses related to adhere...
Covenant EBITDA means the Z Energy Group’s EBITDA excluding abnormal items, profits and losses on the sale of fixed assets or investments, non-cash equity accounted profits and losses and unrealised exchange gains and losses, calculated on a Current Cost basis.
Covenant EBITDA means EBITDA as defined in the Pre-export
Covenant EBITDA means the greater of (i) EBITDA, determined as of the date of the end of the fiscal quarter for the period consisting of the previous four fiscal quarters relating to the applicable Compliance Certificate, and (ii) EBITDA, determined as of the date of the end of the fiscal quarter relating to the applicable Compliance Certificate for such quarter, multiplied by four (4). “Qualified IPO” means a direct or indirect listing transaction on a recognized securities exchange including, but not limited to, an IPO (as defined in Section 4.4), a transaction with a special purpose acquisition company, plan of arrangement, amalgamation, direct listing, reverse take-over or other business combination pursuant to which the securities of the Borrower, or any resulting issuer or parent entity thereof, are listed on a stock exchange with gross proceeds resulting from, or in connection with, such transaction, or from any subsequent private investment in public equity or other arrangement, to any such entity of at least Forty-Five Million U.S. Dollars (USD $45,000,000) (such amount, the “Minimum Raise”); provided that, any proceed received by the Borrower, Holdings or the Parent in connection with such transaction prior to the date of the First Amendment to the Loan and Security Agreement shall not be included as part of the Minimum Raise.
Covenant EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus (without duplication):
Covenant EBITDA means, as to any computation period, EBITDA for such period, plus Discontinued Operations Expense to the extent deducted in calculating EBITDA.
Covenant EBITDA means, as to any fiscal quarter, an amount as determined according to the calculation set forth opposite such fiscal quarter in the table below: Fiscal Quarter Ended Covenant EBITDA March 31, 2020 Cumulative EBITDA for the preceding four fiscal quarters ended March 31, 2020 June 30, 2020 Cumulative EBITDA for the preceding four fiscal quarters ended June 30, 2020 September 30, 2020 Cumulative EBITDA for the preceding four fiscal quarters ended September 30, 2020 December 31, 2020 Cumulative EBITDA for the preceding four fiscal quarters ended December 31, 2020 March 31, 2021 Cumulative EBITDA for the preceding four fiscal quarters ended March 31, 2021 June 30, 2021 Cumulative EBITDA for the preceding four fiscal quarters ended June 30, 2021 September 30, 2021 Cumulative EBITDA for the preceding four fiscal quarters ended September 30, 2021 December 31, 2021 Cumulative EBITDA for the preceding four fiscal quarters ended December 31, 2021 March 31, 2022 Product of (x) EBITDA for the quarter ending March 31, 2022 and (y) 4.00 June 30, 2022 Product of (x) cumulative EBITDA for the preceding two fiscal quarters ended June 30, 2022 and (y) 2.00 September 30, 2022 Product of (x) cumulative EBITDA for the preceding three fiscal quarters ended September 30, 2022 and (y) 1.33 December 31, 2022 and each fiscal quarter thereafter Cumulative EBITDA for the preceding four fiscal quarters then ended