Trailing EBITDA means, as of the end of any fiscal quarter, EBITDA for such fiscal quarter, plus EBITDA for the three (3) immediately preceding fiscal quarters.
Trailing EBITDA means, as of the end of any Fiscal Quarter, EBITDA for such Fiscal Quarter, plus EBITDA for the three (3) immediately preceding Fiscal Quarters
Trailing EBITDA means, with respect to any Person, such Person’s Pro Forma EBITDA for the four most recent full fiscal quarters for which financial statements are available.
Examples of Trailing EBITDA in a sentence
Not more than 10% of Trailing EBITDA should be comprised of adjustments.
The Companies have had, in the aggregate, at least Forty Million Euros (€40 million) in Revenues, Eight Million Euros (€8 million) in net income, and a Twelve (12)-Month Trailing EBITDA of at least Ten Million Euros (€10 million) in each of their last two (2) completed fiscal years ended on December 31, 2021 and December 31, 2022, as calculated in accordance with IFRS and demonstrated in the Financial Statements (hereinafter defined).
The price PPI or the Partnership shall pay to Mother Franxxx xxx such Partnership interest shall be five percent (5%) of the sum of (i) the net working capital of the Partnership as shown on the most recently available balance of the Partnership prior to the date such Partnership interest is issued plus (ii) the greater of (x) $21,900,000 or (y) the product obtained by multiplying 5 times Trailing EBITDA, less (iii) the debt of the Partnership as shown on such balance sheet.
Purchaser shall use its reasonable best efforts to obtain debt financing described in Section 8.15 and the consent of any Lenders to the transactions contemplated by this Agreement no later than May 24, 2000, provided, that such financing shall be subject to (i) customary conditions and restrictions, (ii) review and acceptance of the Company's Trailing EBITDA, and (iii) review of the Sellers' disclosure schedules as revised for Closing.
Harvest evaluates its capital structure using the following non-GAAP financial ratios: bank debt to Twelve Month Trailing EBITDA; secured debt to net present value of our proved petroleum and natural gas reverses discounted at 10%; and total debt to total debt plus unitholders’ equity.
More Definitions of Trailing EBITDA
Trailing EBITDA means the earnings before income taxes, depreciation and amortization of the Partnership for the most recently ended fiscal year of the Partnership, all of which components shall be determined in accordance with generally accepted accounting principles using the accrual method of accounting applied on a basis consistent with the preceding period (using the Partnership's current accounting policies).
Trailing EBITDA means EBITDA of the Company and its Restricted Subsidiaries for the four most recently ended full fiscal quarters for which internal financial statements are available.
Trailing EBITDA means, with respect to any Person, such Person's Pro Forma EBITDA for the four most recent full fiscal quarters for which financial statements are available.
Trailing EBITDA means, with respect to any Person, such Person’s EBITDA for the four most recent full fiscal quarters for which financial statements are internally available immediately preceding any Determination Date (the “Measurement Period”). For purposes of calculating Trailing EBITDA on any Determination Date: (I) any Person that is a Restricted Subsidiary on the Determination Date (or would become a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such EBITDA) will be deemed to have been a Restricted Subsidiary at all times during such Measurement Period; (II) any Person that is not a Restricted Subsidiary on such Determination Date (or would cease to be a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such EBITDA) will be deemed not to have been a Restricted Subsidiary at any time during such Measurement Period; and (III) if the Issuer or any Restricted Subsidiary shall have in any manner (x) acquired (including, without limitation, by way of the commencement of activities constituting such operating business) or (y) disposed of (including, without limitation, by way of an Asset Sale or the termination or discontinuance of activities constituting such operating business) any operating business during such Measurement Period or after the end of such period and on or prior to such Determination Date, such calculation will be made on a pro forma basis in accordance with generally accepted accounting principles consistently applied, as if, in the case of an acquisition or the commencement of activities constituting such operating business, all such transactions had been consummated on the first day of such Measurement Period, and, in the case of a disposition or termination or discontinuance of activities constituting such operating business, all such transactions had been consummated prior to the first day of such Measurement Period. For purposes of this definition, whenever pro forma effect is to be given to any calculation under this definition, the pro forma calculations will be determined in good faith by a responsible financial or accounting officer of the Issuer (including pro forma expense and cost reductions; provided that (i) such expense and cost reductions are reasonably identifiable and factually supportable and (ii) the actions required to attain such expense and cost reductions have been completed or are to be com...
Trailing EBITDA means, as of any date of determination, LTM EBITDA of the Borrower and its Restricted Subsidiaries for the four consecutive Fiscal Quarters most recently ended prior to such date for which financial statements and corresponding Compliance Certificates have been delivered (or were required to have been delivered) pursuant to Section 6.1(b) or 6.1(c) (or, in the case of a determination date that occurs prior to the first such delivery pursuant to such Section, for the four consecutive fiscal quarters ended as of March 31, 2018). “Transaction Expenses” means any fees or expenses incurred or paid by Holdings or any of its Subsidiaries in connection with the Related Transactions, this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby. “Transactions” means, collectively, (a) the Refinancing, (b) the funding of the Initial Term Loans on the Closing Date, (c) the funding of the Initial Revolving Borrowing on the Closing Date, (d) the consummation of any other transactions in connection with the foregoing and (e) the payment of the fees and expenses incurred in connection with any of the foregoing. “Transfer” has the meaning specified in Section 11.2(b). “Treasury Capital Stock” has the meaning specified in Section 8.5(k). “UCC” means the Uniform Commercial Code of any applicable jurisdiction and, if the applicable jurisdiction shall not have any Uniform Commercial Code, the Uniform Commercial Code as in effect in the State of New York. “United States” means the United States of America. “Unused Commitment Fee” has the meaning specified in Section 2.11(a). “Unrestricted Subsidiary” means any Subsidiary of the Borrower designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 7.14 subsequent to the date hereof, in each case, until such Person ceases to be an Unrestricted Subsidiary of the Borrower in accordance with Section 7.14 or ceases to be a Subsidiary of the Borrower. “U.S. Lender Party” means each of the Administrative Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a Domestic Person. “Voting Stock” means Stock of any Person having ordinary power to vote in the election of members of the board of directors, managers, trustees or other controlling Persons, of such Person 48 [[NYCORP:3713047v14:05/10/2018--10:17 PM]]
Trailing EBITDA as of the last day of any fiscal quarter means the sum for the period of twelve months ending on such last day of (i) the Borrower's consolidated net income, plus (ii) the Borrower's consolidated interest expense, plus (iii) the Borrower's consolidated tax expense, plus (iv) the Borrower's consolidated depreciation, amortization and other noncash charges; provided that in calculating "consolidated net income" for any period there shall be excluded all extraordinary or nonrecurring gains or losses during such period. "Trailing Capital Expenditures" as of the last day of any fiscal month or quarter means the sum for the period of twelve months ending on such last day of the Borrower's consolidated capital expenditures. "Pro Forma Interest Expense" as of the last day of a fiscal month or quarter means the aggregate pro forma consolidated interest expense to be incurred by the Borrower and its consolidated Subsidiaries during the period of twelve consecutive months commencing after such last day determined on the basis on the aggregate indebtedness of the Borrower and its consolidated Subsidiaries outstanding on such last day.
Trailing EBITDA means Krane Holdings, Inc.'s adjusted earnings before interest, income taxes, xxxreciation and amortization, excluding extraordinary gains and losses for the completed twelve months immediately preceding the date hereof.