New Consolidated EBITDA

New Consolidated EBITDA. Means, for the period commencing from and after April 1, 2000, determined in accordance with Agreement Accounting Principles on a consolidated basis for AMRESCO and its Subsidiaries, an amount equal to (a) the sum of consolidated net income before taxes and extraordinary gains or losses (as determined in accordance with 8 Agreement Accounting Principles), plus depreciation, plus amortization, plus interest expense, each as... deducted in determining such consolidated net income before taxes, and less (b) non-cash income (created by gain on sale accounting) included in consolidated net income before taxes and extraordinary gains or losses as used in clause (a) of this calculation of New Consolidated EBITDA; provided, however, that for all purposes hereunder, the following amounts shall be adjusted or added back in the calculation of New Consolidated EBITDA (but without duplication), provided that no matter how such adjustments are made they shall be subject to the following stated limitations: (A) write-downs of retained interests in home equity securitizations up to a maximum amount of $70,000,000; (B) the write-down of goodwill associated with the CLC Transaction up to a maximum amount of $38,000,000; and (C) other non-cash write-downs and/or non-recurring losses in an aggregate amount not to exceed $20,000,000; provided, further, that the aggregate amount added back in the calculation of New Consolidated EBITDA under clauses (A), (B) and (C) shall not exceed $120,000,000. View More