EBITDA Floor definition

EBITDA Floor means for the fourth quarter of 1997, $3,730,000; for the first quarter of 1998, $3,995,000; for the second quarter of 1998, $3,535,000; for the third quarter of 1998, $2,940,000; for the fourth quarter of 1998, $3,630,000; for the first quarter of 1999, $4,345,000; for the second quarter of 1999, $4,570,000; for the third quarter of 1999, $4,525,000; for the fourth quarter of 1999, $5,490,000; for the first quarter of 2000, $4,910,000; for the second quarter of 2000, $5,240,000; and for the third quarter of 2000, $5,435,000.
Sample 1
EBITDA Floor means $3,200,000.
Sample 1
EBITDA Floor has the meaning set forth in Section 2.5(c)(i)(B).
Sample 1

Examples of EBITDA Floor in a sentence

  • Once the inspection is complete, the brakes can be released and a visual confirmation of the brake release made while the train departs the exchange point.

  • For 1998 and subsequent fiscal years, the Company shall also pay Fir Tree Partners, on behalf of the Fir Tree Stockholders, 2% of the amount, if any, by which the Company's annual EBITDA (as defined in Section 5.12 below) exceeds $15,000,000 (the "EBITDA Floor").

  • As determined by the MiMedx Board of Directors in its sole discretion, a participant may be eligible to earn a portion of the participant’s Base Bonus allocated to MiMedx EBITDA performance that may exceed the amount as calculated above provided the MiMedx EBITDA performance is favorable to the specified MiMedx EBITDA Floor.

  • Should the Purchase Price be reduced due to an EBITDA adjustment pursuant to Clause 2.1(c) in connection with Clause 2.4(c) (and not taking into consideration other adjustment of the Purchase Price, if any) (the “ Purchase Price Reduction”) the Base EBITDA Floor, the Base EBITDA Target and the Incremental EBITDA Target shall be reduced proportionally to the Purchase Price Reduction.

  • As of the date hereof, in the Acquired Companies’ good faith determination, the EBITDA of the Business (each as defined and calculated in accordance with the Xxxxxx Agreement) does not exceed 110% of the EBITDA used in the determination of the Earn-Out Amount for the 2018 Measurement Year (as defined in the Xxxxxx Agreement) and the Cumulative EBITDA does not exceed the Cumulative EBITDA Floor (each as defined in the Xxxxxx Agreement).

  • Should the Purchase Price be increased due to an EBITDA adjustment pursuant to Clause 2.1(c) in connection with Clause 2.4(c) (and not taking into consideration other adjustment of the Purchase Price, if any) (the “Purchase Price Increase”) the Base EBITDA Floor, the Base EBITDA Target and the Incremental EBITDA Target shall be increased proportionally to the Purchase Price Increase.

  • For the sake of clarity, in the event that the remaining EBITDA Excess Amount is insufficient to increase the EBITDA in the applicable Missed Floor Year such that the EBITDA Floor is achieved for such Missed Floor Year, the EBITDA Floor will not be deemed to have been reached for such Missed Floor Year and no further payments of Additional Consideration shall be made with respect to any Missed Floor Years.

  • In the event that the EBITDA 2014/15 for the First Incentive Payment equals the Base EBITDA Floor, the amount of the First Incentive Payment shall be EUR 3,025,000 (in words: Euro three million twenty five thousand).

  • For each fiscal quarter the Notes are outstanding, the Issuer shall not permit the EBITDA to be less than the EBITDA Floor, and a Responsible Officer shall certify to the Holders, within 45 days of the end of each quarter, that the Minimum EBITDA Test has been met.

  • In the event that the EBITDA 2014/15 for the First Incentive Payment exceeds the Base EBITDA Floor but falls short of the Base EBITDA Target, the amount of the First Incentive Payment shall scale on a linear basis starting at EUR 3,025,000 (in words: Euro three million twenty five thousand) and ending at EUR 12,100,000 (in words: Euro twelve million one hundred thousand).


More Definitions of EBITDA Floor

EBITDA Floor means, for the 2017 Earnout Period, 2018 Earnout Period and 2019 Earnout Period, respectively, the EBITDA Floor set forth on Exhibit B hereto.
Sample 1
EBITDA Floor has the meaning given to it in the Sample Earnout Statement.
Sample 1
EBITDA Floor means (i) for the first $22,000,000 of the Company’s net revenue, Eighteen Percent (18%) of such net revenue earned by the Company, plus (ii) for any net revenue of the Company that exceeds $22,000,000, Fifteen Percent (15%) of any such excess, if any.
Sample 1

Related to EBITDA Floor

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • EBITDAR means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the sum of the amounts for such period, without duplication, of (i) EBITDA and (ii) Rentals.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.