Four Quarter EBITDA means, as of any date of determination, Consolidated Adjusted EBITDA of the Issuer and its Restricted Subsidiaries for the most recently ended four fiscal quarters for which Required Financial Statements have been delivered, in each case with such pro forma adjustments to Consolidated Adjusted EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Consolidated Net Leverage Ratio as determined in good faith by the Issuer.
Four Quarter EBITDA means, as of any date of determination, Consolidated EBITDA for the most recently ended four fiscal quarters for which internal financial statements are available immediately preceding such date, calculated on a Pro Forma Basis.
Four Quarter EBITDA means, as of any date of determination, EBITDA for the period of four (4) consecutive Fiscal Quarters ending on or immediately prior to such date of determination, and adjusted for any such four (4) Fiscal Quarter period commencing prior to the Closing Date to reflect the CW Transaction on a pro forma basis as though the CW Transaction occurred immediately prior to such four (4) Fiscal Quarter period. Each complete Fiscal Quarter of WD Capital occurring before the Closing Date will be reviewed by an independent public accounting firm pursuant to appropriate American Institute of Public Accountants (“AICPA”) standards. Any adjustments made to the WD Capital financial statements must be acceptable to the Administrative Agent.
Examples of Four Quarter EBITDA in a sentence
If Borrower either (i) acquires a utility company during the term of any credit hereunder and/or (ii) divests itself of a utility company during the term of any credit hereunder, Borrower’s Rolling Four Quarter EBITDA shall be adjusted to either include the Rolling Four Quarter EBITDA of the acquired entity or exclude the Rolling Four Quarter EBITDA of the divested entity, as applicable, which shall be subject to adjustment and qualification by Bank.
Borrower will certify compliance with the Minimum Four Quarter EBITDA requirements set forth above within forty five (45) days of each fiscal quarter end.
Fail to maintain a ratio of Trailing Four Quarter EBITDA to Fixed Charges of less than 1.3:1.0.
Borrower shall maintain on a consolidated basis as of the end of each fiscal quarter a Modified Quick Ratio of at least 1.25 to 1.00 until such time as Borrower's Four Quarter EBITDA, as evidenced by an Officer's Certificate submitted pursuant to Section 6.10(c) hereof, exceeds One Hundred Twenty-Five Million Dollars ($125,000,000); thereafter Borrower shall maintain on a consolidated basis as of the end of each fiscal quarter a Modified Quick Ratio of at least 1.00 to 1.
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More Definitions of Four Quarter EBITDA
Four Quarter EBITDA means, as of any date of determination, EBITDA for the period of four (4) consecutive Fiscal Quarters ending on or immediately prior to such date of determination.
Four Quarter EBITDA means, (i) as of any date of determination prior to the consummation of the Merger Transactions, the Consolidated EBITDA of Holdings and its Subsidiaries, and (ii) as of any date of determination from and after the consummation of the Merger Transactions, the Consolidated EBITDA of New Holdings and its Subsidiaries, in each case for the most recently ended four (4) Fiscal Quarter period for which financial statements have been delivered pursuant to Section 6.01(a) or 6.01(c).
Four Quarter EBITDA as of any date of determination, the aggregate amount of Consolidated EBITDA (as defined in the Term Loan Credit Agreement) for the period of the most recent four consecutive Fiscal Quarters of the Parent ending prior to the date of such determination for which consolidated financial statements of the Parent are available (determined for any fiscal quarter (or portion thereof) ending prior to the Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four quarter period), provided that:
Four Quarter EBITDA means, as of any date of determination (for purposes of this definition, the “Calculation Date”), EBITDA of the Company and its Restricted Subsidiaries for the most recently ended four fiscal quarters for which internal financial statements are available immediately preceding such date. For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, consolidations and discontinued operations, in each case with respect to a company, a business or an operating unit of a business, and operational changes, that the Company or any of its Restricted Subsidiaries has made after the Issue Date and during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date (each, for purposes of this definition, a “pro forma event”) shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations, discontinued operations and operational changes had occurred on the first day of the four-quarter reference period. If since the beginning of such period and on or prior to or simultaneously with the Calculation Date any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period and on or prior to or simultaneously with the Calculation Date shall have made or effected any Investment, acquisition, disposition, merger, consolidation or discontinued operation, in each case with respect to a company, a business or an operating unit of a business, or operational change that would have required adjustment pursuant to this definition, then the Four Quarter EBITDA shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, merger, consolidation, discontinued operation or operational change had occurred at the beginning of the applicable four-quarter period. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined ...
Four Quarter EBITDA means the aggregate EBITDA during Borrower's most recently completed four fiscal quarters; provided, however, that (i) during that period when the most recently completed fiscal quarter is that fiscal quarter ended May 28, 1998, Four Quarter EBITDA shall mean the product of four and the EBITDA for the most recently completed fiscal quarter; (ii) during that period when the most recently completed fiscal quarter is that fiscal quarter ending September 3, 1998, Four Quarter EBITDA shall mean the product of two and the aggregate EBITDA for Borrower's most recently completed two fiscal quarters; and (iii) during that period when the most recently completed fiscal quarter is that fiscal quarter ending December 3, 1998, Four Quarter EBITDA shall mean the product of 1.3333 and the aggregate EBITDA for Borrower's most recently completed three fiscal quarters.
Four Quarter EBITDA means, as of any date of determination thereof, EBITDA for the four consecutive fiscal quarters of the Company ending on such date and taken as one accounting period.
Four Quarter EBITDA has the meaning set forth in the definition of Applicable Rate.