EBITDA Event definition

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of $25,000,000, (ii) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (iii) any designation (or redesignation) of an Unrestricted Subsidiary as a Restricted Subsidiary, (iv) any Distribution on account of the Equity Interests of Borrower or (v) any Disposition of a Subsidiary, division or operating unit for which historical financial statements for the relevant period are available.

EBITDA Event means any Permitted Acquisition.

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of

Examples of EBITDA Event in a sentence

• For the avoidance of doubt, the parties acknowledge that the Waiver shall not apply to any Event of Default arising under Section 6(d)(ix) of the Debenture (each, an "EBITDA Event of Default"), including without limitation the Existing EBITDA Event of Default, to the extent that it relates to an EBITDA Target Period occurring after the Waiver Expiration Date.

• The Waiver shall not constitute a waiver of any event, condition, term or provision of or under the Securities Purchase Agreement or the Debenture other than the Existing EBITDA Event of Default or any other EBITDA Event of Default to the extent, in either such case, that it relates to the EBITDA Target Periods specified above, regardless of whether such event or condition exists as of the Effective Date or in the future.

• Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and one-quarter percent (2.25%); provided, that from and after the occurrence of the EBITDA Event, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one-quarter percent (1.25%).

• Subject to Section 2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and three-quarters percent (2.75%); provided that from and after the occurrence of the EBITDA Event, the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-quarters percent (1.75%).

• Climate Change and Emissions Management Amendment Act,http://www.qp.alberta.ca/574.cfm?page=2007_139.cfm&leg_type=Regs&isbncln=9780779738151.

More Definitions of EBITDA Event

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of$25,000,000, (ii) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (iii) any designation (or redesignation) of an Unrestricted Subsidiary as a Restricted Subsidiary, (iv) any Distribution on account of the Equity Interests of Borrower or (v) any Disposition of a Subsidiary, division or operating unit for which historical financial statements for the relevant period are available.

EBITDA Event means the date on which Borrower has achieved annualized EBITDA greater than or equal to $350,000,000 for the immediately preceding three (3) calendar months, as evidenced by either (a) the most recent financial statements delivered pursuant to Section 5.1, or (b) a certificate of the chief financial officer or an Authorized Officer of the Borrower acceptable to the Administrative Agent; provided, however, that Borrower agrees to provide, at the time of each scheduled delivery of financial statements delivered pursuant to Section 5.1 covering the applicable months, evidence verifying such previously certified annualized EBITDA calculation.

EBITDA Event means the Acquisition and any Permitted Acquisition, joint venture or Investment (other than an Investment made in the ordinary course of business and other than an Investment in any Subsidiary), in each case permitted hereunder.

EBITDA Event means and occur if, at the end of any Accounting ------------ Period commencing with the twelve-month period ending February 28, 1998, the Actual EBITDA for the twelve-month period ending on the last day of such Accounting Period is less than 75% of the Budgeted EBITDA for the twelve-month period ending on the last day of the corresponding Accounting Period. "Eligible Stockholders" has the meaning ascribed to it in --------------------- Section 14(a).

EBITDA Event is confirmation in writing from Bank that Bank has received from Borrower, on or before June 30, 2016, evidence (satisfactory to Bank in its good faith business judgment) demonstrating that Borrower had Adjusted EBITDA of at least One Dollar ($1.00) during each of two (2) consecutive calendar quarters occurring after the Effective Date (the second of such quarters beginning on the first day after the last day of the first such quarter).

EBITDA Event means the sale by the Borrower or a Subsidiary of (i) all the Capital Stock or all or substantially all the assets of a Subsidiary or group of Subsidiaries or (ii) an operating division of a Subsidiary or group of Subsidiaries, such that, after giving effect to such sale, EBITDA for the Borrower and its Subsidiaries for the four fiscal quarter period most recently ended would have increased by $3,000,000.

EBITDA Event means the occurrence of two consecutive fiscal quarters in respect of which Consolidated EBITDA of the Borrower and its Restricted Subsidiaries during the four consecutive fiscal quarters then ended (as set forth in the financial statements required to be delivered for such fiscal quarter) is in excess of $85,000,000.