Excess Adjusted EBITDA

Excess Adjusted EBITDA. Means, for any Plan Year, the sum of (a) an amount equal to the product of (i) the amount by which the Actual Adjusted EBITDA for the applicable Plan Year exceeds the Adjusted EBITDA Tier I Threshold for the applicable Plan Year (but in no event shall such amount be less than $0), multiplied by (ii) 15%, plus (b) an amount equal to the product of (i) the amount by which the Actual Adjusted EBITDA for the applicable Plan Year exceeds the Adjusted EBITDA Tier II Threshold for the applicable Plan... Year (but in no event shall such amount be less than $0), multiplied by (ii) 15%. For the avoidance of doubt, the amount in subsection (b) is in addition to the amount in subsection (a) for the amount of Actual Adjusted EBITDA in excess of the Adjusted EBITDA Tier II Threshold, if applicable. View More