Projected Consolidated EBITDA means, (a) in respect of any Material Project, the projected Consolidated EBITDA attributable to such Material Project for each fiscal quarter of the four fiscal quarter period beginning with the first full fiscal quarter following the fiscal quarter in which the Commercial Operation Date in respect thereof occurs, such amount to be determined by the Borrower in good faith and approved by the Administrative Agent (such approval not to be unreasonably withheld) based upon projected revenues that are reasonably likely on the basis of sound financial planning practice and Prudent Industry Practices, the creditworthiness and applicable projected volumes of the prospective customers, capital and other costs, operating, shipping and administrative expenses, the Scheduled Commercial Operation Date, commodity price assumptions, the class and amount of Equity Interests of such Material Project owned, directly or indirectly, by the Borrower and other factors reasonably deemed appropriate by the Borrower in good faith and as approved by the Administrative Agent (such approval not to be unreasonably withheld); and (b) in respect of any Permitted Drop-Down Acquisition, the projected Consolidated EBITDA attributable to such Permitted Drop-Down Acquisition for each fiscal quarter of the four fiscal quarter period beginning with the first full fiscal quarter following the fiscal quarter in which such Permitted Drop-Down Acquisition is consummated, such amount to be determined by the Borrower in good faith and approved by the Administrative Agent (such approval not to be unreasonably withheld) based upon capital and other costs, operating, shipping and administrative expenses, commodity price assumptions, ramp-up production assumptions, the class and amount of Equity Interests of such Permitted Drop-Down Acquisition owned, directly or indirectly, by the Borrower and other factors reasonably deemed appropriate by the Borrower in good faith and as approved by the Administrative Agent (such approval not to be unreasonably withheld). Notwithstanding the foregoing, in connection with the calculation of any Consolidated EBITDA Adjustment on any date of determination in respect of any Material Project or any Permitted Drop-Down Acquisition, Projected Consolidated EBITDA for such Material Project or Permitted Drop-Down Acquisition shall be deemed to be zero unless the Borrower certifies to the Administrative Agent in good faith in the Compliance Certificate delivered pursuant to S...
Projected Consolidated EBITDA means, in respect of any Material Project, the projected Consolidated EBITDA attributable to such Material Project for the first full 12-month period following the Scheduled Commercial Operation Date of such Material Project, such amount to be determined by the Borrower Representative in good faith and approved by the Administrative Agent (such approval not to be unreasonably withheld) based upon projected revenues that are reasonably likely on the basis of sound financial planning practice and Prudent Industry Practices, the creditworthiness and applicable projected volumes of the prospective customers, capital and other costs, operating and administrative expenses, the Scheduled Commercial Operation Date, commodity price assumptions, the class and amount of Equity Interests of such Material Project owned, directly or indirectly, by such Person and other factors reasonably deemed appropriate by the Borrower Representative in good faith and as approved by the Administrative Agent (such approval not to be unreasonably withheld).
Projected Consolidated EBITDA means, with respect to any period, Consolidated EBITDA projected for such period as set forth in (a) for purposes of determining the Required Business Percentage and the Required Securitization Segments Percentage prior to the delivery of the Supplemental Projections, the Initial Projections, (b) for such purposes after the delivery of the Supplemental Projections, the most recent of the Supplemental Projections, and (c) for all other purposes of this Agreement, the Initial Projections."
Examples of Projected Consolidated EBITDA in a sentence
The Borrower will not permit or suffer Consolidated EBITDA as of the end of any fiscal quarter ending on or after June 30, 2005 but on or before December 31, 2006, as calculated for the four consecutive fiscal quarters then ending, to be less than the result of (i) 90% of the amount of Projected Consolidated EBITDA for such four consecutive fiscal quarters then ending multiplied by (ii) the Remaining Business Percentage on such date.
On the last day of each of Ventas' fiscal quarters after the Vencor Effective Date (determined for the Trailing Four Quarters), permit Consolidated EBITDA to be less than an amount equal to 80% of the Projected Consolidated EBITDA for such period as set forth in the projections required to be delivered pursuant to Section 5.1(p) hereof.
In the event that Actual Consolidated EBITDA for any Relevant Interest Period is less than Projected Consolidated EBITDA for such Relevant Interest Period, the Issuer will have the option to defer payment of a portion of the interest that falls due for payment on the Interest Payment Date (through (and including) the sixth Interest Payment Date) falling immediately after such Relevant Interest Period.
More Definitions of Projected Consolidated EBITDA
Projected Consolidated EBITDA means, with respect to any Two-Quarter Period, the projected amount of Consolidated EBITDA for such period, as set forth in Exhibit G.
Projected Consolidated EBITDA means the Consolidated EBITDA of the Parent and its Subsidiaries for the period of four (4) consecutive fiscal quarters for which the last quarter ends on a date set forth on Schedule 8.02(g) set forth opposite such date.
Projected Consolidated EBITDA means, for any fiscal year, the amount set forth opposite such fiscal year in the table below: FISCAL YEAR PROJECTED CONSOLIDATED EBITDA 2004 $ 87,675,000 2005 $167,580,000 2006 and thereafter $157,500,000
Projected Consolidated EBITDA means the estimated or projected Consolidated EBITDA as determined by Ventas on a reasonable basis and in good faith after consultation with the Credit Parties' financial advisor, for a specified future period.
Projected Consolidated EBITDA means Consolidated EBITDA in the amounts set forth on the Schedule attached hereto identified as the Projected EBITDA Schedule.
Projected Consolidated EBITDA means the projected Consolidated EBITDA with respect to the fiscal quarter of the Parent immediately following the most recent fiscal quarter end with respect to which the Agent has received the Required Financial Information, to be delivered to the Agent no later than 45 days after the close of the prior fiscal quarter of the Parent, such projected Consolidated EBITDA to be (x) prepared in good faith, (y) based upon the most recent Revenue and Earning Guidance or comparable information (to the extent such information is made publicly available by the Parent) and otherwise based upon reasonable assumptions and (z) in a form and detail reasonably acceptable to the Agent.
Projected Consolidated EBITDA means, for any Relevant Redemption Period or Relevant Interest Period, as applies, the Projected Consolidated EBITDA (which has been adjusted for all non-cash items, including, without limitation, all non-cash foreign exchange gains and losses) as set forth in the Management Projections.