EBITDA

EBITDA. Has the meaning given such term in the Credit Agreement.

EBITDA. Means, for any period, the sum of the amounts for such period of (a) Net Income, (b) Interest Expense, (c) taxes imposed on or measured by income or excess profits (for such period and without regard to any prior periods), and (d) the amount of all depreciation and amortization allowances and other non-cash expenses of the Company and its Subsidiaries.

EBITDA. For any accounting period means the net income of the Company (before any extraordinary or non-recurring items), plus the amount of the provision for federal, state and local income taxes (attributable to such net income), plus the amount of interest expense, plus the amount of depreciation, plus the amount of amortization, in each case determined for such period in accordance with GAAP, and such other adjustments as the Committee may determine.

EBITDA. Shall mean earnings before interest, taxes, depreciation, and amortization of the Company, as reported on the Parent's internal unaudited statement of operations for the Company using the Company's actual expenses for its own operations and only Direct 5 Allocations. For purposes of calculating EBITDA, the following costs shall be excluded: (i) the compensation payable pursuant to Sections 3(b)(i) and (ii) of this Agreement, as well as the identical compensation provisions of the... Other CEO's employment agreement; and (ii) the discretionary bonuses paid to employees of the Company. For purposes of calculating EBITDA, all revenues received and expenses incurred by Parent or its subsidiaries in servicing the clients on Schedule 2, as amended from time to time by mutual agreement, shall be included subject to any mutually agreed allocations or limitations set forth in Schedule 2. Additional clients shall be added to Schedule 2 at any time when the Company commences to provide services to them. Attachment A hereto sets forth the methodology for determining EBITDA. View More

EBITDA. Means, for any period, the sum (without duplication) of the following for Borrower and its Restricted Subsidiaries on a Consolidated basis: (a) Net Income for the period, (b) any provision for (or less any benefit from) income and franchise taxes included in the determination of Net Income, (c) interest expense deducted in the determination of Net Income, (d) amortization and depreciation deducted in determining Net Income, (e) losses (or less gains) from Asset Dispositions or other non-cash... items included in the determination of Net 3 Income (excluding sales, expenses or losses related to current assets), (f) extraordinary losses (or less gains), as defined under GAAP, net of related tax effects, included in the determination of Net Income, (g) non-recurring restructuring charges approved by Requisite Lenders, including (i) for Borrower's 2004 fiscal year, severance and relocation costs not exceeding $5,151,000 in the aggregate incurred in connection with (A) relocating operations from Borrower's facilities in California to its facility in Tolleson, Arizona, (B) relocating operations from Borrower's South Carolina facility to its facilities in Kingsport, Tennessee and elsewhere, (C) restructuring the operations of Tech Industries, and (D) additional reductions in Borrower's overall employee headcount, and (ii) in addition to the severance and relocation costs specified in the preceding clause (i), for Borrower's 2004 and 2005 fiscal years, severance costs not exceeding $1,200,000 in the aggregate incurred in connection with reductions in Borrower's overall employee headcount, in each case to the extent such charges are deducted in determining Net Income for such period, (h) non-recurring charges not exceeding $1,867,000 incurred by Borrower in fiscal year 2004 in connection with the repurchase of the Chase Warrant and the Heller Warrant with proceeds received by Borrower from its issuance of the Senior Notes to the extent such charges are deducted in determining Net Income for such period and (i) a one-time non-recurring non-cash charge not exceeding $1,200,000 incurred by Borrower in fiscal year 2004 in connection with the write-down of the book value of the Sumter Property to the extent such charge is deducted in determining Net Income for such period. To the extent EBITDA is being calculated for any period which includes any of the following months, EBITDA for such months shall be deemed to be as follows: January 2003, $2,501,000; February 2003, $3,048,000; March 2003, $2,910,000; April 2003, $3,147,000; May 2003, $4,587,000; June 2003, $4,277,000; July 2003, $3,571,000; August 2003, $5,348,000; September 2003, $2,928,000; October 2003, $2,201,000; and November 2003, $2,770,000. View More

EBITDA. Means earnings before interest, taxes, depreciation and amortization, based upon the Company's financial statements, as determined by the Committee with respect to Awards to the President and CEO or by the Committee together with the President and CEO in all other cases.

EBITDA. Is earnings from ongoing operations before interest expenses, taxes, depreciation and amortization as determined in accordance with GAAP.

EBITDA. 1.33 EBITDA.

EBITDA. EBITDA.

EBITDA. Means, at any date of determination, the Consolidated Operating Cash Flow of the Company for the immediately preceding four fiscal quarters of the Company for which Required Financial Information has been delivered under the Senior Credit Facility.