EBITDA Adjustment definition

EBITDA Adjustment means the lesser of (a) $750,000, and (b) the amount of the non-recurring transaction expenses incurred in connection with the Permitted Acquisition by Creative, to the extent such expenses have been included as expenses in the determination of net income, have not been capitalized, and have been paid in cash prior to, or within 60 days after the closing thereof.

EBITDA Adjustment has the meaning given to it in clause 3.6;

EBITDA Adjustment is defined in Schedule 10;

Examples of EBITDA Adjustment in a sentence

• In the event of a change in the Projected Capacity of a Specified Project that is not material, the Specified Projects EBITDA Adjustment shall thereafter reflect such change in the Projected Capacity of such Specified Project.

• Specified Projects EBITDA Adjustment shall thereafter be calculated in accordance with the revised Projected Capacity of such Specified Project.

• Following the Seller’s receipt of such EBITDA Adjustment Calculation, if the Seller disputes the EBITDA Adjustment Calculation, Seller shall, within thirty (30) days after its receipt of the EBITDA Adjustment Calculation (any dispute not so timely noticed shall be deemed waived), notify Buyer, in writing in reasonable detail and with specificity (the “EBITDA Dispute Notice”) of such dispute(s).

• The Cash Amount, the Debt Amount, the Working Capital Adjustment and the EBITDA Adjustment shall be established in accordance with Schedule 3 (“Establishment of the Consideration”).

• The Closing Balance Sheet shall be accompanied by a schedule showing the difference, if any, between the Estimated Purchase Price and the Final Purchase Price, as determined from the Closing Balance Sheet and the amount of the EBITDA Adjustment, if any (the "Closing Schedule").

More Definitions of EBITDA Adjustment

EBITDA Adjustment means (i) if the date of determination is September 30, 1999, $1,000,000; (ii) if the date of determination is December 31, 1999, $700,000; (iii) if the date of determination is March 31, 2000, $400,000; (iv) if the date of determination is June 30, 2000, $100,000; and (v) if the date of determination is after June 30, 2000, $0.

EBITDA Adjustment shall be the amount (whether positive or negative) equal to 6.25 multiplied by 2017 EBITDA (as finally determined pursuant to this Section 2.01(b)) minus the Base Purchase Price.

EBITDA Adjustment means an amount equal to (x) 11.8 multiplied by (y) the difference, if any, between (a) $31,300,000 and (b) the Adjusted EBITDA derived from the EBITDA Statement to the extent less than $31,300,000. If the Adjusted EBITDA is greater than or equal to $31,300,000 then the EBITDA Adjustment shall equal zero.

EBITDA Adjustment means the lesser of (a) $1,000,000, and (b) the amount of the non-recurring transaction expenses incurred in connection with the sale of assets by certain of the Borrowers to Creative Recreation, Inc. on November 22, 2017 and related transactions, to the extent such expenses have been included as expenses in the determination of net income, have not been capitalized, and have been paid in cash prior to, or within 180 days after the closing thereof.

EBITDA Adjustment means, as of any time of determination, with respect to any Person or business that (i) has been acquired by the Parent or any of its Subsidiaries pursuant to a Permitted Acquisition and (ii) at the time of consummation of such Permitted Acquisition, had negative EBITDA for the twelve consecutive month period ended on the last day of the most recently ended calendar month prior to the date of such Permitted Acquisition, the product of (x) the amount of such negative EBITDA (expressed as a positive number) multiplied by (y) a fraction having a numerator equal to the number of whole months remaining until the scheduled Maturity Date (determined as of any time of determination) and a denominator equal to twelve (12).

EBITDA Adjustment means an amount equal to the product of (a) 9.09 and (b) the difference between (i) the 2014 Adjusted EBITDA and (ii) 2014 Base EBITDA, as calculated in a manner consistent with the numerical example set forth on Schedule 9.01(c); provided, however, that (x) the EBITDA Adjustment shall be zero if the difference described in the foregoing clause (b) does not exceed five percent (5%) of 2014 Base EBITDA, (y) the EBITDA Adjustment shall be an amount equal to the product of 9.09 and the amount by which the difference described in the foregoing clause (b) exceeds five percent (5%) of 2014 Base EBITDA, and (z) in no event shall the amount of the EBITDA Adjustment payable by either party exceed $30,000,000.

EBITDA Adjustment shall be equal to the amount (if any) by which (i) EBITDA (having been finalised in accordance with the provisions of this Schedule 10) multiplied by 7.96 is less than (ii) GBP52,800,000.