Valuation Multiple definition

Valuation Multiple means the amount by which the Executive's annual compensation is multiplied for purposes of calculating certain benefits paid under this Agreement, as set forth on Exhibit A attached hereto.

Valuation Multiple will be equal to 6; provided, however, the Company and each Employee Members shall have the option of engaging, at their own expense, a third party mutually agreeable to the Company and such Employee Member to determine the Valuation Multiple to be used to determine the EBITDA Valuation for any year. Such third party shall determine the Valuation Multiple by valuing the Company as a going concern facing a change of control transaction. No minority discount shall be applied by such third party in determining the Valuation Multiple.

Valuation Multiple means (i) 1.08, in the event Pacific Drilling elects to receive Stock Consideration pursuant to Section 2.2 and (ii) 1.00, in the event Pacific Drilling elects to receive Cash Consideration pursuant to Section 2.2.

Examples of Valuation Multiple in a sentence

• Such purchase and sale shall be for cash at a purchase price equal to the greater of (i) 50% of the Net EBITDA for the Pricing Period ending with the month immediately preceding the month in which the written notice is given exercising the Put/Call Right times the Valuation Multiple and (ii) the LD Combined Capital Account Balance.

• Peers (1.4x) (1.5x) (1.7x) (2.2x) Historical Valuation Multiple vs.

• If the Final EBITDA is less than Two Million Seven Hundred Thousand Dollars ($2,700,000), the Purchase Price shall automatically be reduced by an amount equal to such deficit multiplied by the Valuation Multiple (“Negative Adjustment”).

• Net 2014 Carve-out EBITDA Acquired $1.0B Transaction Valuation Multiple 7.125x = Estimated Purchase Price $7.3B SpinCo Transaction Estimated 2014 SpinCo Carve-out EBITDA $2.0B Transaction Valuation Multiple 7.125x = Estimated SpinCo Enterprise Value $14.3B SpinCo Leverage ~5x Debt to be Raised at SpinCo $8.5B Implied SpinCo Equity Value $5.8B Stake Purchased by Charter ~33% = Est.

• Page 24 Valuing Our Stock – EBITDA (Dollars in Millions) @8x @10x @12x Run-Rate EBITDA 16.0 16.0 16.0 Valuation Multiple (8x-12x) 8x 10x 12x Enterprise Value 128.0 160.0 192.0 Less: Debt (2.1) (2.1) (2.1) Redeemable Perpetual Preferred (21.0) (21.0) (21.0) Value of Common Equity (1) 104.9 136.9 168.9 Fully Diluted Outstanding 36.8 36.8 36.8 Price per Share $ 2.85 $ 3.72 $ 4.59 (1) Excludes contingent purchase on acquisitions.

More Definitions of Valuation Multiple

Valuation Multiple means the result of dividing the fair market value of businesses comparable or similar to the business of the Partnership by the same businesses’ EBITDA for the twelve-month period immediately preceding the date such fair market value was measured.

Valuation Multiple means the Aggregate Consideration divided by the aggregate EBITDA for all of the Subject Restaurants taken as a whole for the fiscal year ended December 31, 2011 as set forth on Schedule 6.6(a). The following capitalized terms shall have the meanings indicated in the corresponding sections of this Agreement listed below: Term Section ADA Violation 11.3(a) Agreement Preamble Allocation Schedule 2.8 Assumed Contracts 6.16 Xxxx of Sale 9.2(d)(iii) BK Director Nominees 8.8 Burger King Restaurants Recitals Buyer Preamble Term Section Cap 11.6(a) Carrols Recitals Cash Consideration 2.5 Closing 3.1 Closing Aggregate Store Bank Amount 2.6(c) Closing Date 3.1 Closing Store Inventory Amount 2.6(b) Conversion Shares 5.2 Deductible 11.6(a) Director Resignations 8.8 Disclosure Schedule Article IV EBITDA 6.6(a) Estoppel Certificate 8.13 Excluded Assets 2.2 Franchise Agreements 9.2(d)(iv) Governmental Consents 7.4(a) Indemnified Party 11.4 Indemnifying Party 11.4 Jefferies Voting Agreement 9.3(g)(v) Leased Real Property 6.10(c) Management Agreement 9.1(g) NASDAQ 5.3(a) Non-Consented Property 9.1(f) Operating Agreement 9.2(d)(viii) Owned Real Property 6.10(b) Parent Preamble Parent Financial Statements 5.7(b) Priced Inventory Report 2.6(b) Proxy Statement 8.7(a) Purchase Price 2.5 Purchased Assets 2.1 Purchaser Indemnitees 11.1 Real Property Permits 6.10(h) Registration Rights Agreement 9.2(d)(x) Required Consents 7.4(b) Remodeling Completion Date 11.3(a) Rights 2.9 SEC Documents 5.7(a) Seller Preamble Seller Indemnities 11.2 Seller Leases 9.2(d)(vi) Stock Consideration 2.5 Stockholder Approval 8.7(a) Stockholder Meeting 8.7(a) Stockholder Meeting Deadline 8.7(a) Term Section Store Bank Report 2.6(c) Straddle Period 8.4

Valuation Multiple means the result of dividing the fair market value of businesses comparable or similar to the business of the Partnership by the same businesses' EBITDA for the twelve-month period immediately preceding the date such fair market value was measured.

Valuation Multiple means 110%.

Valuation Multiple means the quotient obtained by dividing (i) the sum of (x) the quotient obtained by dividing the Purchase Price Value by the aggregate percentage of the ownership interests of First Tower Holdings LLC held by Purchaser and its Affiliates after giving effect to the consummation of the transactions contemplated by this Agreement plus (y) outstanding Indebtedness of First Tower and its Subsidiaries after giving effect to the consummation of the transactions contemplated by this Agreement but subtracting any amounts of Indebtedness incurred to pay part of the cash portion of the Purchase Price Value and any transaction fees and expenses of Purchaser and its Affiliates by (ii) 2011 EBITDA.

Valuation Multiple means (i) two and one-half (2.5) where the Call Right or Put Right (as hereafter defined, and together with the Call Right, the “Put-Call Rights”) is exercised on December 31, 2018 or in the calendar year beginning on January 1, 2019, (ii) two and one-quarter (2.25) where any of the Put-Call Rights are exercised in the calendar year beginning on January 1, 2020, (iii) two (2) where any of the Put-Call Rights are exercised in the calendar year beginning on January 1, 2021, (iv) one and three-quarters (1.75) where any of the Put-Call Rights are exercised in the calendar year beginning on January 1, 2022, (v) one and one-half (1.5) where any of the Put-Call Rights are exercised in the calendar year beginning on January 1, 2023, (vi) one and one-quarter (1.25) where any of the Put-Call Rights are exercised in the calendar year beginning on January 1, 2024, and (vii) one (1) where any of the Put-Call Rights are is exercised in the calendar year beginning on January 1, 2025 and any calendar year thereafter.

Valuation Multiple shall have the meaning ascribed to it in Section 9.2.1.