TTM Adjusted EBITDA definition

TTM Adjusted EBITDA means, as of each month end, as calculated for Parent Entity on a consolidated basis, the sum of (a) the total Parent Consolidated Net Income during the proceeding twelve months, plus (b) the total interest expense of Parent Entity and its consolidated subsidiaries accrued and all other debt issuance costs incurred by Parent Entity and its consolidated subsidiaries during the proceeding twelve months, plus (c) the total tax expense accrued by Parent Entity and its consolidated subsidiaries during the proceeding twelve months, plus (d) the total depreciation and amortization expense accrued by Parent Entity and its consolidated subsidiaries during the proceeding twelve months plus (e) all non-cash stock compensation and warrant expenses.

TTM Adjusted EBITDA means $3,081,243.

TTM Adjusted EBITDA means, as of any date of determination, Adjusted EBITDA for the twelve (12) month period most recently ended. Notwithstanding the foregoing, (i) TTM Adjusted EBITDA for the twelve (12) month period ending January 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending January 31, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, (ii) TTM Adjusted EBITDA for the twelve (12) month period ending April 30, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending April 30, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, (iii) TTM Adjusted EBITDA for the twelve (12) month period ending July 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending July 31, 2012 times (B) a fraction, the numerator of which is 365 and the denominator of which is the number of days in such period, and (iv) TTM Adjusted EBITDA for the twelve (12) month period ending October 31, 2012 shall be deemed to be (A) Adjusted EBITDA for the period from and after the Closing Date up to and including the last day of the fiscal quarter ending October 31, 2012 times (B) a fraction, the numerator of which is three hundred and sixty five (365) and the denominator of which is the number of days in such period.

Examples of TTM Adjusted EBITDA in a sentence

• Coverage defined as TTM Adjusted EBITDA / TTM Interest Expense 3.

• The Credit Facility provides for, among other things: (i) no scheduled payments of principal until maturity; (ii) a maximum Secured Leverage Ratio of 3.75x trailing twelve months ("TTM") Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA") and a Maximum Total Leverage Ratio of 4.50x TTM Adjusted EBITDA, each with no step downs; and (iii) a Minimum Interest Expense Coverage Ratio of 3.25x TTM Adjusted EBITDA.

• This presentation also includes non-GAAP financial measures as defined in Regulation G, including EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, TTM Adjusted EBITDA, Net Debt-to-TTM Adjusted EBITDA ratio, and Organic revenue and Organic Adjusted EBITDA.

• This presentation also includes non-GAAP financial measures as defined in Regulation G, including Adjusted EBITDA, Adjusted EBITDA – Capex, Adjusted Net Income, TTM Adjusted EBITDA and Net Debt / TTM Adjusted EBITDA ratio.

• During the year ended December 31, 2021, the credit agreement was amended to, among other things: (1) amend the TTM Adjusted EBITDA financial covenant (2) increase the minimum liquidity covenant to $50,000; (3) amend the definition of “Liquidity” to include Cash Equivalents (as defined in the credit agreement): and (4) amend the Total Advance Rate (as defined in the credit agreement) financial covenant.

More Definitions of TTM Adjusted EBITDA

TTM Adjusted EBITDA means, at any time with respect to any Person, Adjusted EBITDA of such Person for the twelve (12) month period then ended.

TTM Adjusted EBITDA means, as of any date of determination, the EBITDA of Parent and its Subsidiaries for the 12 consecutive month period most recently ended on or prior to such date of determination; provided, however, that for any months ended prior to the Closing Date, TTM Adjusted EBITDA shall be calculated by reference to the amounts set forth on Schedule T-1.

TTM Adjusted EBITDA means (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income tax expense, plus (e) non-cash stock compensation expenses less (f) one-time income, determined on a trailing 12-month basis.

TTM Adjusted EBITDA means, as of any date of determination, EBITDA for the trailing twelve months ended on such date plus an amount equal to the amounts received on Receivables and applied to the recovery of basis under the cost recovery accounting method as determined in accordance with GAAP.

TTM Adjusted EBITDA has the meaning given to it in Section 2.04(a).

TTM Adjusted EBITDA means, as of any date of determination, Adjusted EBITDA for the most recently completed 12 month period (which period may include the date of measurement).

TTM Adjusted EBITDA means, as of any date of determination, Adjusted EBITDA calculated on a pro forma basis for the most recent Computation Period for which financial statements have been (or are required to have been) delivered pursuant to Section 6.1.1 or Section 6.1.2(a) (or, prior to the first delivery of any such financial statements, the period of twelve (12) consecutive months ending on [ ], 2024).