Net EBITDA means the Corporation's earnings before interest, taxes, depreciation, amortization and extraordinary items less minority interest expense, all as determined based on the audited financial statements for such period prepared by the Corporation's independent auditors in accordance with GAAP.
Net EBITDA means the amount of EBITDA, if any, in excess of $7.15 million during any period.
Net EBITDA means, for any period, the aggregate of (a) EBITDA of Parent and its Subsidiaries for such period minus (b) amortization of Pre-Publication Costs (excluding Non-Cash Charges) plus (c) any additional costs or expenses or amortization incurred during such period that are attributable to the revaluation of Pre-Publication Costs in connection with the fair value fresh-start accounting treatment of the Restructuring Transactions of Parent and its Subsidiaries for such period as determined in accordance with GAAP; provided, however, that Net EBITDA for the fiscal quarters ended September 30, 2009, December 31, 2009 and March 31, 2010 shall be deemed to be $12,764,950, $3,462,776 and $5,789,440, respectively.
Examples of Net EBITDA in a sentence
For purposes of the Bonus Program, Net EBITDA shall not include the impact of non-recurring charges or gains, consistent with the approach used for reporting “Adjusted EBITDA” in DDi Corp.’s quarterly earnings releases.
The Compensation Committee shall have the sole discretion and authority to make further adjustments to the Company’s Net EBITDA which will be used to calculate the Bonuses under the Bonus Program to take into account, as well as to disregard, any events that the Compensation Committee considers extraordinary.
Participants shall be eligible to receive a Target Performance Bonus only to the extent that the Net EBITDA % exceeds 50% (fifty percent).
Participants shall be eligible to receive a Target EBITDA Bonus hereunder only to the extent that the Company’s “Net EBITDA %” (actual Net EBITDA measured by DDi Corp.
Each of FlatWorld and Chardan Capital, LLC will be entitled to 5.13% of the Net EBITDA of Buyer until the FlatWorld Warrant Proceeds and the Chardan Capital Fee, respectively, are paid in full.
More Definitions of Net EBITDA
Net EBITDA means, for the MB Business, the amount of EBITDA, if any, in excess of the Base EBITDA during any period;
Net EBITDA for any Earn-Out Period means EBITDA of the Companies on a consolidated basis for such Earn-Out Period, minus the amount by which Net EBITDA of the Companies on a consolidated basis was negative for the prior Earn-Out Period, if applicable. For example, if the Companies on a consolidated basis have Net EBITDA in the First Earn-Out Period of negative $1,000,000 and EBITDA in the Second Earn-Out Period of $15,500,000, then Net EBITDA for the Second Earn-Out Period would be $14,500,000.
Net EBITDA means the sum of EBITDA for the Measurement Period (which EBITDA number shall already have deducted from it all Taxes (and only such Taxes) of the type that are not described in (b) below), minus, to the extent not already subtracted in calculating EBITDA for the Measurement Period, (a) debt service on Buyer Indebtedness, (b) income, gross receipts and other similar Taxes paid in cash during the Measurement Period by Buyer, including Tax distributions under Section 5.4 of the DAL Operating Agreement, (c) capital expenditures paid in cash during the Measurement Period by Buyer, (d) net changes in working capital for the Measurement Period, and (e) payments of the FlatWorld Additional Warrant Proceeds during the Measurement Period, in each case, as determined in accordance with GAAP, consistently applied by the Buyer in a manner consistent with the Audited Financials, multiplied by 90 percent (.90).
Net EBITDA means, with respect to any Person and for any period of its determination, EBITDA minus cash tax expense minus $12,000,000 minus Restricted Payments, in each case of such Person for such period and determined on a consolidated basis.
Net EBITDA means the result obtained by the following formula: EB Operations EBITDA - Baseline EBITDA - EB Acquisitions Pro Forma EBITDA
Net EBITDA means, for any period, the aggregate of (a) EBITDA of Parent and its Subsidiaries for such period minus (b) amortization of Pre-Publication Costs (excluding Non-Cash Charges) plus (c) any additional costs or expenses or amortization incurred during such period that are attributable to the revaluation of Pre-Publication Costs in connection with the fair value fresh-start accounting treatment of the Restructuring Transactions of Parent and its Subsidiaries for such period as determined in accordance with GAAP; provided, however, that Net EBITDA for the fiscal quarters ended September 30, 2009, December 31, 2009 and March 31, 2010 shall be deemed to be $12,764,950, $3,462,776 and $5,789,440, respectively. [Note: these quarters assume the Company will emerge from bankruptcy during Q1 2010.]
Net EBITDA means, for any period, the aggregate of (a) EBITDA of Holdings and its Subsidiaries for such period minus (b) amortization of Pre-Publication Expenses (excluding non-cash asset impairment charges) of Holdings and its Subsidiaries for such period as determined in accordance with GAAP; provided, however, that Net EBITDA for the fiscal quarter ended (i) December 31, 2007 shall be deemed to be $7,169,200, (ii) March 31, 2008 shall be deemed to be $6,502,319 and (iii) June 30, 2008 shall be deemed to be $8,366,344; provided, further, however, that each of the numbers set forth in the foregoing clauses (i) through (iii) shall be subject to reduction in a manner reasonably satisfactory to the Required Lenders in the event of any year-end audit adjustment or any restatement or other adjustment of net income or other component of EBITDA or Net EBITDA.