LTM Consolidated EBITDA definition

LTM Consolidated EBITDA means Consolidated EBITDA for the most recently ended period of four consecutive fiscal quarters ended prior to the date of determination for which financial statements are internally available, calculated on a Pro Forma Basis.

LTM Consolidated EBITDA means Consolidated EBITDA for the Test Period most recently ended prior to the date of determination, calculated on a Pro Forma Basis.

LTM Consolidated EBITDA means, with respect to any Person, the aggregate Consolidated Net Income of such Person and its Subsidiaries for the current Fiscal Quarter and the immediately preceding three (3) Fiscal Quarters but only if and as set forth in the financial statements of the Company contained in the Form 10-QB or Form 10-K of the Company; plus without duplication, the sum of the following amounts of such Person and its Subsidiaries for such period and to the extent deducted in determining Consolidated Net Income of such Person for such period: (i) Consolidated Net Interest Expense, (ii) income tax expense, (iii) depreciation expense, and (iv) amortization expense.

Examples of LTM Consolidated EBITDA in a sentence

• For purposes of any determination of LTM Consolidated EBITDA, Consolidated EBITDA the Interest Coverage Ratio or the Leverage Ratio pursuant to this Agreement, the calculation of LTM Consolidated EBITDA, Consolidated EBITDA, the Interest Coverage Ratio and the Leverage Ratio shall be made on a Pro Forma Basis.

• The Senior Secured Net Leverage Ratio shall be calculated as of the last day of each fiscal quarter based upon (i) for Indebtedness, as of the last day of each such fiscal quarter and (ii) for Consolidated EBITDA, LTM Consolidated EBITDA.

• Consolidated Total Leverage is defined in the current credit agreement as total debt net of cash divided by LTM Consolidated EBITDA.

• The Borrower will not, and will not permit any of the Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction, unless at the time such Sale and Leaseback Transaction is entered into (a) no Event of Default has occurred and is continuing or would result therefrom and (b) the fair market value of the property subject to such Sale and Leaseback Transaction does not exceed the greater of (x) $15,000,000 and (y) 12.5% LTM Consolidated EBITDA.

• For purposes of any determination of LTM Consolidated EBITDA, Consolidated EBITDA, the Interest Coverage Ratio or the Leverage Ratio pursuant to this Agreement, the calculation of LTM Consolidated EBITDA, Consolidated EBITDA, the Interest Coverage Ratio and the Leverage Ratio shall be made on a Pro Forma Basis.

More Definitions of LTM Consolidated EBITDA

LTM Consolidated EBITDA means Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the period of four Fiscal Quarters then most recently ended for which financial statements have been delivered pursuant to this Agreement, calculated on a pro forma basis.

LTM Consolidated EBITDA means, at any time, Consolidated EBITDA of the Parent Company, Holdings and the Restricted Subsidiaries for the most recently ended Test Period (calculated on a Pro Forma Basis).

LTM Consolidated EBITDA means, as of any date of determination, Consolidated EBITDA of the Borrower and its Subsidiaries for the most recent period of four consecutive Fiscal Quarters ended on or prior to such date in respect of which financial statements have been delivered.

LTM Consolidated EBITDA means Consolidated EBITDA for the most recently ended Test Period.

LTM Consolidated EBITDA means, as of any date of determination, the Consolidated EBITDA of Holdings for the most recent period of four consecutive fiscal quarters of Holdings ended on or prior to such time (taken as one accounting period) in respect of which financial statements for each fiscal quarter or fiscal year in such period have been delivered pursuant to Section 5.01(a) or Section 5.01(b).

LTM Consolidated EBITDA means, as of any date of determination, the aggregate amount of Consolidated EBITDA for the Most Recent Four Quarter Period (determined for any fiscal quarter (or portion thereof) ending prior to the Issue Date); provided that:

LTM Consolidated EBITDA as of any date of determination, the aggregate amount of Consolidated EBITDA for the Most Recent Four Quarter Period (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: