Reported EBITDA definition

Reported EBITDA for any period shall mean the Borrower’s consolidated “EBITDA” for such period as determined by the Borrower and presented as its “EBITDA” in its public earnings release for such period in all cases calculated as net income (loss) before interest, taxes, depreciation and amortization (each of which to be determined consistently with the Borrower’s historic reporting practices, except variances consistent with any change to the law, rules or regulations applicable to such disclosure).

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Reported EBITDA has the meaning given in the Transfer and Servicing Agreement.

Reported EBITDA means the consolidated earnings before interest, tax, depreciation and amortisation of the applicable person, calculated on the same basis as Available EBITDA.

Examples of Reported EBITDA in a sentence

• Resort Reported EBITDA may not be comparable to similarly titled measures of other companies and should not be considered in isolation or an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with US GAAP.

• Statements in this press release and the associated conference call and webcast, other than statements of historical information, are forward looking statements, including our expectations regarding our fiscal 2018 incremental Resort Reported EBITDA and the timing regarding closing of the transaction.

• This news release includes the estimated incremental Resort Reported EBITDA impact from Whistler Blackcomb.

• On the third Reporting Date following the Closing Date and on each third Reporting Date thereafter, the Reported EBITDA of Cendant Real Estate Services Group LLC for the preceding rolling twelve-month period then ended shall be less than $750,000,000.

• The amount of perimeter adjustments to Reported EBITDA for the financial year 2022 as set forth in that certain “Project Cabernet – Financial Fact Book Update, dated March 6, 2023” (as provided to Purchaser under section 8.1.5 of the VDR) was derived in good faith from the underlying sub ledger information from entities included within the audited ▇▇▇▇▇▇▇ Process GmbH consolidated financial statements for the financial year ended December 31, 2022.

More Definitions of Reported EBITDA

Reported EBITDA means, without duplication, for any period for which such amount is being determined (i) the net income of Wyndham Worldwide plus provision for taxes based on income, depreciation expense, interest expense, amortization expense, other non-cash items reducing net income (and increasing EBITDA) minus (ii) any cash expenditure during such period to the extent such cash expenditures did not reduce net income for such period and were applied against reserves that constituted non-cash items which reduced net income during prior periods, calculated in each case in a manner consistent with such number as reported by Wyndham Worldwide in its combined financial statements filed by Wyndham Worldwide under Form 10-K for the most recent fiscal year preceding such 10-K filing, and in each year as filed under Form 10-Q for the period from the beginning of the most recent fiscal year through the end of the fiscal quarter preceding such 10-Q filing.

Reported EBITDA shall have the meaning as indicated in Exhibit D.

Reported EBITDA prior to the Effective Date means, without duplication, for any period for which such amount is being determined (i) the combined net income of the Hospitality and Timeshare Segments (which shall for purposes of this calculation be determined in the same manner and including the sources of income as those included therein as of November 14, 2005 without regard to changes in reporting practices after such date and, specifically shall include, without limitation Resort Condominiums International, LLC and Vacation Rental Group) plus provision for taxes based on income, depreciation expense, interest expense, amortization expense, other non-cash items reducing net income (and increasing EBITDA) minus (ii) any cash expenditure during such period to the extent such cash expenditures did not reduce net income for such period and were applied against reserves that constituted non-cash items which reduced net income during prior periods all as determined on a combined basis for the Hospitality and Timeshare Segments, in each case in a manner consistent with such number as reported in Cendant’s consolidated financial statements filed by Cendant with the Securities and Exchange Commission under Form 10-K for the most recent fiscal year preceding such 10-K filing, and under Form 10-Q for the period from the beginning of the most recent fiscal year through the end of the fiscal quarter preceding such 10-Q filing.

Reported EBITDA has the meaning set forth in Section 1.3(h)(i).

Reported EBITDA means the consolidated income of CSREG from continuing operations before non-program related depreciation and amortization, non-program related interest, amortization of pendings and listings, income taxes and minority interest, in each case in a manner consistent with such number as reported in Cendant’s consolidating financial statements filed by Cendant with the Securities and Exchange Commission under Form 10-K for the most recent fiscal year preceding such 10-K filing, and under Form 10-Q for the period from the beginning of the most recent fiscal year through the end of the fiscal quarter preceding such 10-Q filing.

Reported EBITDA means, for any period, the “operating income” as reflected in the Financial Statements for such period, plus (1) depreciation and amortization, any loss on sale of assets and any extraordinary losses and minus (2) any gain on sale of assets and any extraordinary gains (in the case of each of clause (1) and (2), to the extent included in determining operating income for the period).

Reported EBITDA means earnings before interest, taxes, depreciation and amortization of the Pinnacle Division (as defined below), determined in accordance with generally accepted accounting principles (“GAAP”) applied on a consistent basis and as finally determined in accordance with Exhibit C hereto and Section 4.1.2