EBITDA Percentage means, as of the date of the consummation of any sale, disposition or exchange of assets (or Equity Interests) by any of the Nexstar Entities or Mission Entities, the ratio, expressed as a percentage, obtained by dividing (a) the portion of Consolidated EBITDA attributable to such assets (or Equity Interests) of such Person for the most recent Test Period calculated on a Pro Forma Basis, such date by (b) Consolidated EBITDA for such Test Period, calculated on a Pro Forma Basis.
EBITDA Percentage is the average of the EBITDA Factors for each of the three Fiscal Years during the Performance Period determined as follows: EBITDA = (EBITDA Factor 1) + (EBITDA Factor 2) + (EBITDA Factor 3) Percentage 3
EBITDA Percentage means, as of the date of the consummation of any sale or disposition of assets (which may include the Equity Interests of a Subsidiary owning the assets to be sold or otherwise disposed of) by the Borrower or any of its Subsidiaries pursuant to clause (h) or (i) of Section 7.6, the ratio, expressed as a percentage (rounded upwards, if necessary, to the next 1/100th of 1%), obtained by dividing (a) the portion of Consolidated EBITDA attributable to such assets (or such Equity Interests) of such Person for the most recent Test Period prior to such date by (b) Consolidated EBITDA for such Test Period. For the avoidance of doubt, to the extent EBITDA Percentage is to be tested on a cumulative basis over time (i.e., for more than one asset sale or disposition after the Closing Date), the EBITDA Percentage shall be the sum of the EBITDA Percentage for each such asset sale or disposition over the applicable period of time (calculated in each case on an individual basis in accordance with the prior sentence).
Examples of EBITDA Percentage in a sentence
For example, (1) in the event the actual Achieved EBITDA Percentage is 90%, the Bonus Multiple shall be 75% or (2) in the event the actual Achieved EBITDA Percentage is 115%, the Bonus Multiple shall be 137.5%.
If the Parties fail to agree on such equitable adjustment or on a new EBITDA Percentage (or the equitable adjustment during any interim period), either Party may submit the matter to arbitration in accordance with Section 17.16 hereof.
For Three-Year Cumulative EBITDA from Continuing Operations between Threshold and Target, the EBITDA Percentage shall be interpolated between zero percent (0%) and one hundred percent (100%).
For Three-Year Cumulative EBITDA from Continuing Operations in excess of Maximum, the EBITDA Percentage shall be two hundred percent (200%).
For levels of Three-Year Cumulative EBITDA from Continuing Operations between Target and Maximum, the EBITDA Percentage shall be interpolated between one hundred percent (100%) and two hundred percent (200%).
More Definitions of EBITDA Percentage
EBITDA Percentage means, with respect to a calendar year in the Performance Period, the percentage obtained by dividing the Actual Internal EBITDA for such calendar year by the Base Case for that year.
EBITDA Percentage as of the end of any fiscal period of the Company means the quotient of (a) the Company's EBITDA for such period divided by (b) the sum of (1) the monthly average amount of equity invested (not including retained earnings) in the Company during such period plus (2) the monthly average amount of Indebtedness of the Company during such period, all as determined in accordance with GAAP.
EBITDA Percentage means the simple average of the Company’s EBITDA divided by the Company’s Total Revenue for the three fiscal years comprising the Performance Period. For the purposes of this definition, “EBITDA” shall mean annual net income as adjusted by adding thereto, to the extent deducted in calculating net income for the year, net interest expense, taxes, depreciation and amortization.
EBITDA Percentage means two hundred twenty-one percent (221%), as may be adjusted, from time to time, in accordance with Section 3.2(d)(2), representing the ratio, expressed as a percentage, of (i) the aggregate EBITDA achieved at all of the Combined Properties to (ii) the aggregate Competitor EBITDA achieved at all of the properties in the Performance Competitive Set, both for the most recent twelve (12) month period prior to the Effective Date for which financial reporting is available for the Combined Properties and the Initial Performance Competitive Set.
EBITDA Percentage means the compound annual growth rate, expressed as a percentage (rounded to the nearest tenth of a percent (0.1%)), of the actual EBITDA achieved over the Performance Period, as determined by the Company in its sole discretion.
EBITDA Percentage for any period shall mean EBITDA for such period divided by Total Revenues for such period.
EBITDA Percentage means two hundred twenty-one percent (221%), as may be adjusted, from time to time, in accordance with Section 3.2(d)(2), representing the ratio, expressed as a percentage, of (i) the aggregate EBITDA achieved at all of the Combined Properties (other than the Taverns) to (ii) the aggregate Competitor EBITDA achieved at all of the properties in the Performance Competitive Set, both for the most recent twelve (12) month period prior to the Effective Date for which financial reporting is available for the Combined Properties (other than the Taverns) and the Initial Performance Competitive Set.