ancial Condition and Results of Operations —Liquidity and Capital Resources--Guarantees and covenants." Adjusted a t ITDA, Adjusted Net Income, and Covenant EBITDA arc not recognized terms under GAAP and do not purport to be alternatives to net income (loss) attributable to First Data as a measure of operating

he Guarantor is no longer wholly owned by FDC subject to the value of all Guarantors releasixi under this provision does not exceed (x) 10% of FDC's Covenant EBITDA plus (y) the amount of investments permitted under the agreement in respect of non-guarantors. The indentures governing all of the other guarantees