2014 EBITDA

2014 EBITDA. Means the Company's earnings before interest, taxes, depreciation and amortization for the fiscal year ending December 31, 2014, (i) excluding the applicable components of such calculation attributable to the Company's Distribution segment, (ii) calculated using a fixed gas price equal to the price per Mcfe used in the Company's 2014 business plan, (iii) normalized for weather, and (iv) excluding the impact of acquisitions and/or dispositions in which the total consideration paid, received or... assumed is equal to or in excess of $100 million. The impact of acquisitions and/or dispositions equal to or in excess of $50 million and less than $100 million may be considered for the purpose of the Committee's exercise of downward discretion as described in Exhibit A. For the avoidance of doubt, Dropdown Transactions shall not be deemed to be dispositions for purposes of calculating 2014 EBITDA. View More

2014 EBITDA. Means EQM's earnings before interest, any income taxes, depreciation and amortization for the fiscal year ending December 31, 2014, excluding the impact of acquisitions and/or dispositions in which the total consideration paid, received or assumed is equal to or in excess of $100 million, and as may be adjusted by the EQT Compensation Committee in its sole discretion as described in Exhibit A. The impact of acquisitions and/or dispositions less than $100 million may be considered for the... purpose of the EQT Compensation Committee's exercise of discretion as described in Exhibit A. Notwithstanding the foregoing and subject to Exhibit A hereto, the impact of acquisitions by EQM from the Company and/or its other Affiliates shall not be excluded from the determination of 2014 EBITDA hereunder. View More