Examples of Targeted EBITDA in a sentence
Xxxxx; xxovided, however, in no event shall the Targeted EBITDA for any Calculation Period exceed the EBITDA target for the same Calculation Period established pursuant to the terms of the Financial Advisory Agreement between the Company and Bakex Xxxital Corp.
As used in this Section 6(b), Targeted EBITDA shall mean (i) with respect to the Calculation Period ending April 30, 1998, $21,700,000, and (ii) with respect to each Calculation Period ending thereafter, an amount determined by a majority vote of the Compensation Committee of the Board of Directors of the Company which will consist of Lorexxx Xxxxxxx, Xxwaxx X.
If after 21 days following the grant of such consent, the Company and the Stockholders have not agreed upon appropriate adjustments, then each of SPE and USI shall have the opportunity to submit its reasonable estimate of the appropriate adjustments to Targeted EBITDA to any "Big Six" accounting firm mutually selected by SPE and USI that is not the principal outside accounting firm for SPE, CO or USI within the 10 days (the "Submission Period") following the end of such 21-day period.
Along with their proposed adjustments to Targeted EBITDA, the Company and each Stockholder who then has an Article III Consent Right may submit to the accounting firm such written memoranda, arguments, briefs and other evidence in support of their respective adjustments as they see fit, copies of which shall also be provided to the other parties hereto.
For purposes of this Schedule C “G” shall mean Targeted EBITDA Growth.