Four Quarter EBITDA definition

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, 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 Adjusted EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period 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 Borrower.

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 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 1.00.

• Fail to maintain a ratio of Trailing Four Quarter EBITDA to Fixed Charges of not less than 1.3 to 1.0.

• Fail to maintain for the Borrower and all Subsidiaries on a consolidated basis a minimum Trailing Four Quarter EBITDA of $10,000,000.

• Fail to maintain a ratio of Trailing Four Quarter EBITDA to Fixed Charges of less than 1.3:1.0.

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, 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.

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 thereof, EBITDA for the four consecutive fiscal quarters of the Company ending on such date and taken as one accounting period.

Four Quarter EBITDA means, as of any date of determination, Consolidated EBITDA of the Issuer and its Restricted Subsidiaries 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.

Four Quarter EBITDA has the meaning set forth in the definition of Applicable Rate.