Excess EBITDA definition

Excess EBITDA means, with respect to a calendar year, the difference, if a positive number, between (i) the Actual Internal EBITDA for such calendar year minus (ii) the Base Case for such calendar year.

Excess EBITDA means, with respect to any Excess EBITDA Measuring Period, an amount equal to the excess, if any, of (a) EBITDA for such Excess EBITDA Measuring Period over (b) (i) the sum of (x) Net Debt as of the last day of such Excess EBITDA Measuring Period and (y) one hundred million dollars ($100,000,000) divided by (ii) 3.0. Example calculations of Excess EBITDA are set forth on Annex A.

Excess EBITDA means, for any fiscal year of the Borrower, the product of (i) EBITDA of the Borrower for such fiscal year, minus [***] and (ii) [***]. Excess EBITDA for any fiscal year may be a negative number.

Examples of Excess EBITDA in a sentence

• In no case shall Excess EBITDA be carried back to a year that is more than 3 years prior to the year in which the Excess EBITDA is actually generated.

• If the Target EBITDA of the Company for any year is met due to the carryback of Excess EBITDA from a succeeding year pursuant to this paragraph, your Option shall become vested as of the end of the succeeding year in which the Excess EBITDA was actually generated.

• As used herein, "Excess EBITDA" means, with respect to any period, the amount, if any, by which the actual cumulative EBITDA realized by Anacomp (excluding any one-time restructuring expenses) since April 1, 2001 exceeds the cumulative Projected Monthly EBITDA (excluding any one-time restructuring expenses) for such period.

• In the event that the occurrence of such fire or other casualty shall give rise to a right of Sublandlord to reoccupy the Premises upon the restoration thereof, and Subtenant desires to repossess the Premises upon the restoration thereof, then Subtenant shall have the right to exercise Sublandlord's right to elect to reoccupy the Premises.

• The Minimum Rent and Capped EBITDA are payable by the Lessee to the Lessor on a quarterly basis based on a calculation period of 3 months each (save for first payment which has a calculation period from the Effective Date and ending 31 March 2020) whereas the Excess EBITDA (if any) is payable annually.

More Definitions of Excess EBITDA

Excess EBITDA means, for any quarter, the amount by which the EBITDA for such quarter exceeded the budgeted EBITDA for such quarter.

Excess EBITDA means, for each EBITDA Bonus Period, the amount by which actual EBITDA for such period exceeds the EBITDA Milestone for such period.

Excess EBITDA means the difference, to the extent positive, between EBITDA for the most recent Relevant Period and U.S.$150 million and must only be measured at the time of Incurrence or other action based on Excess EBITDA.

Excess EBITDA means the amount by which Holdback Period EBITDA is greater than $[CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION].

Excess EBITDA means the amount (expressed in U.S. dollars), if any, by which Actual EBITDA exceeds Target EBITDA.

Excess EBITDA means, for any fiscal year of the Company, the excess of Actual EBITDA over Plan EBITDA.

Excess EBITDA means the amount (if any) by which the Company's EBITDA for the fiscal year ended January 31, 2004, exceeds Twenty-Three Million Six Hundred Thousand Six Hundred Twenty-Six Dollars ($23,600,626):