Example Definitions of "2015 EBITDA"
2015 EBITDA. Means the Company's income from continuing operations (which shall, for the avoidance of doubt, include income attributable to noncontrolling interests) before interest, income taxes, depreciation and amortization for the fiscal year ending December 31, 2015, (i) calculated using a fixed gas price equal to the price per Mcfe used in the Company's 2015 business plan, (ii) normalized for weather, and (iii) excluding the impact of acquisitions and/or dispositions in which the total consideration... paid, received or assumed is in excess of $100 million. The impact of acquisitions and/or dispositions in excess of $50 million and less than or equal to $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, neither Dropdown Transactions nor the contribution or other transfer of the Company's interest in Mountain Valley Pipeline, LLC or the assets comprising the Mountain Valley Pipeline and related facilities to the Partnership or any subsidiary of the Partnership shall be deemed to be dispositions for purposes of calculating 2015 EBITDA. View More
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