Subsidiary EBITDA definition

Subsidiary EBITDA means, for any Unrestricted Subsidiary for any period, (a) EBTIDA of such Unrestricted Subsidiary or (b) to the extent that Consolidated Net Income for such Unrestricted Subsidiary is not available, the gross revenues of such Unrestricted Subsidiary for such period less the cost of sales (excluding depreciation expenses to the extent such expenses were deducted) associated with such gross revenues.
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Subsidiary EBITDA means, in respect of a Subsidiary of the Group, the EBITDA as defined in Clause 24.7 (Definitions) as if references to the Group in that definition and in the definition of any other defined terms referred to in the definition of EBITDA were deemed to be references to the relevant Subsidiary of the Group for the purposes of this definition and shall be calculated on an unconsolidated basis.
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Subsidiary EBITDA means, for (a) UCI MLP LP LLC, UCI GP LP LLC, the General Partner and UCO GP, LLC for any period, the aggregate EBITDA of such Restricted Subsidiaries, or (b) any Unrestricted Subsidiary for any period, (i) EBITDA of such Unrestricted Subsidiary or (ii) to the extent that Consolidated Net Income for such Unrestricted Subsidiary is not available, the gross revenues of such Unrestricted Subsidiary for such period less (A) the cost of sales (excluding depreciation expenses to the extent such expenses were deducted) associated with such gross revenues and (B) a consolidated SG&A Expense allocated pro rata based on such gross revenues.
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Examples of Subsidiary EBITDA in a sentence

  • For fiscal year 1997, Subsidiary EBITDA is estimated to be $93.7 million and the bonus for fiscal year 1997 will be paid pro rata based upon the Subsidiary EBITDA earned after the Merger Date.

  • The Borrower will not permit Foreign Subsidiary EBITDA, as of the end of any fiscal quarter, to be less than $1.

  • As of the date of such designation or redesignation, (x) Unrestricted Subsidiary EBITDA must not represent more than 15% of Consolidated EBITDA (calculated as if all Subsidiaries are Restricted Subsidiaries) and (y) Unrestricted Subsidiary Total Assets must not represent more than 15% of Consolidated Total Assets (calculated as if all Subsidiaries are Restricted Subsidiaries).

  • In the event that any decision of the President and/or CEO consistent with this clause (iii)(b) impacts the projected EBITDA for the Subsidiary (in either a positive or negative manner), an adjustment to the Subsidiary EBITDA shall be made to account for such impact when determining the EBITDA used for calculating the Bonus.

  • In the event that the Subsidiary EBITDA as determined by the Audit meets the threshold amounts shown above, all or a portion of the Earn-Out Shares shall be delivered to the Selling Shareholders as soon as practicable, but in no event later than forty-five (45) days, after the completion of the Audit.

  • Consolidated EBITDA for Previous Four Fiscal Quarters: $ Ratio of Foreign Subsidiary EBITDA to Consolidated EBITDA: % If equal to or greater than 15%, advise of election: Consolidated EBITDA to be calculated by deducting an amount equal to Foreign Subsidiary EBITDA for purposes of Fixed Charge Coverage Ratio and Senior Leverage Ratio Applicable Persons to Provide Documents and Instruments, Etc.


More Definitions of Subsidiary EBITDA

Subsidiary EBITDA for any period, for any Subsidiary of the ----------------- Borrower, Subsidiary Net Income of such Subsidiary for such period plus, ---- without duplication and to the extent reflected as a charge in the statement of such Subsidiary Net Income for such period, the sum of (a) total income tax expense, (b) interest expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness, (c) depreciation and amortization expense, (d) amortization of intangibles (including, but not limited to, goodwill) and organization costs, (e) any extraordinary expenses or losses (including, whether or not otherwise includable as a separate item in the statement of such Subsidiary Net Income for such period, losses on Dispositions of assets outside of the ordinary course of business but, in any event, excluding write-offs for long-term sports programming contracts) and (f) any other non-cash charges, and minus, to ----- the extent included in the statement of such Subsidiary Net Income for such period, the sum of (a) interest income, (b) any extraordinary income or gains (including, whether or not otherwise includable as a separate item in the statement of such Subsidiary Net Income for such period, gains on the Dispositions of assets outside of the ordinary course of business) and (c) any other non-cash income.
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Subsidiary EBITDA for any period means the Consolidated Net Income for such period, plus the following to the extent deducted in calculating such Consolidated Net Income: (i) income tax expense; (ii) Consolidated Interest Expense; (iii) depreciation expense; (iv) amortization expense; and (v) any non-cash expense in connection with the transactions contemplated by the Agreement or any restructuring in connection with such transactions contemplated at the time of such transactions (excluding any such expense that (x) requires any accrual of a cash reserve or (y) represents an accrual of, or reserve for, anticipated cash payments in any future period), in each case for such period. Notwithstanding the foregoing, the provision for taxes based on the income or profits of, and the depreciation and amortization of, Subsidiary shall be added to Consolidated Net Income to compute Subsidiary EBITDA only to the extent (and in the same proportion) that the net income of such Person was included in calculating Consolidated Net Income and only if a corresponding amount would be permitted at the date of determination to be dividended to Subsidiary by such Person without prior approval (that has not been obtained), pursuant to the terms of its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to such Person.
Sample 1
Subsidiary EBITDA means (a) for EXH MLP LP LLC, EXH GP LP LLC, the General Partner and Exterran GP, LLC for any period, the aggregate EBITDA of such Restricted Subsidiaries (without duplication) for such period and (b) for any Unrestricted Subsidiary for any period, (i) EBITDA of such Unrestricted Subsidiary for such period or (ii) to the extent that the Consolidated Net Income of such Unrestricted Subsidiary for such period is not available, the gross revenues of such Unrestricted Subsidiary for such period, less (without duplication) (A) the cost of sales (excluding depreciation expenses to the extent such expenses were included in cost of sales) associated with such gross revenues and (B) without duplication of any amounts included in SG&A Expense deducted when determining Consolidated Net Income of the Borrower and its Consolidated Subsidiaries for such period, an amount equal to SG&A Expense for such period (excluding non-cash expenses included in such consolidated SG&A Expense) multiplied by a fraction, the numerator of which is the gross revenues of such Unrestricted Subsidiary for such period and the denominator of which is the gross revenues of the Borrower and its Consolidated Subsidiaries for such period; provided that in no event shall the amount calculated pursuant to this clause (ii) be less than zero.
Sample 1
Subsidiary EBITDA means, with respect to any Subsidiary for any period, the amount of the Consolidated EBITDA of such Subsidiary for such period on a stand-alone basis (determined as if references to the Group Members in the definition of Consolidated EBITDA were references solely to such Subsidiary on a non-Consolidated basis, without giving effect to the Consolidated EBITDA of any Subsidiaries of such Subsidiary).
Sample 1

Related to Subsidiary EBITDA

  • Combined EBITDA means, for any period, Combined Net Income for such period plus, (a) without duplication and to the extent reflected as a charge in the statement of such Combined Net Income for such period, the sum of (i) income tax expense, (ii) Combined Interest Expense, (iii) amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Notes), (iv) depreciation and amortization expense, (v) amortization of intangibles (including, but not limited to, goodwill) and organization costs, (vi) any extraordinary, unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a separate item in the statement of such Combined Net Income for such period, losses on sales of assets outside of the ordinary course of business) and (vii) any non-cash charges, including non-cash charges resulting from the vesting or issuance of equity to employees, principals or others, and minus, (b) without duplication and to the extent included as income or gain in the statement of such Combined Net Income for such period, the sum of (i) any extraordinary, unusual or non-recurring non-cash income or gains (including, whether or not otherwise includable as a separate item in the statement of such Combined Net Income for such period, non-cash gains on the sales of assets outside of the ordinary course of business) and (ii) any other non-cash income, all as determined on a combined basis, and plus or minus, as appropriate, (c) without duplication of the items set forth in clauses (a) and (b) above, the adjustments equivalent to those that OCG made to arrive at its “Adjusted Net Income” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (as filed with the SEC), to the extent relevant to the Obligors, and (d) without duplication of the items set forth in clauses (a), (b) and (c) above, the adjustments replacing investment income (loss) with receipts of investment income from funds and companies equivalent to those that OCG made to arrive at its “Distributable Earnings” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (as filed with the SEC), to the extent relevant to the Obligors; provided that the contribution to Combined EBITDA of a subsidiary that is not a wholly owned subsidiary shall be calculated in proportion to the Obligors’ aggregate direct or indirect economic interests in such subsidiary.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Pro Forma Adjusted EBITDA shall have the meaning assigned to such term in Section 3.05(a).