Earnings Before Interest and Taxes. The consolidated earnings (or loss) from the operations of the Borrower and its Subsidiaries for any period (but excluding any extraordinary profits or losses), after all expenses and other proper charges but before payment or provision for any income taxes or interest expense for such period, determined in accordance with generally accepted accounting principles.
Earnings Before Interest and Taxes. The Company will maintain on each date set forth below operating income (determined in accordance with generally accepted accounting principles but before any deduction for interest expenses and income taxes and calculated for the twelve months ending on such date) greater than or equal to the amount set forth opposite such date: DATE EBIT June 30, 1995 $3,600,000 September 30, 1995 $3,800,000 December 31, 1995 $3,800,000 March 31, 1996 $4,000,000 June 30, 1996 $4,300,000 September 30, 1996 and each fiscal quarter $4,300,000 end thereafter
Earnings Before Interest and Taxes. Consolidated earnings (or deficit) from the operations of the Borrower and its Subsidiaries, after deducting all expenses and other proper charges other than interest expense and taxes, and excluding all extraordinary and nonrecurring items of income or loss, as determined in accordance with generally accepted accounting principles. ELIGIBLE ASSIGNEE. Any of (a) a commercial bank or finance company organized under the laws of the United States, or any State thereof or the District of Columbia, and having total assets in excess of $1,000,000,000; (b) a savings and loan association or savings bank organized under the laws of the United States, or any State thereof or the District of Columbia, and having a net worth of at least $100,000,000, calculated in accordance with generally accepted accounting principles; (c) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development (the "OECD"), or a political subdivision of any such country, and having total assets in excess of $1,000,000,000, or the central bank of any country which is a member of the OECD, PROVIDED, in each case, that such bank (i) is acting through a branch or agency located in the country in which it is organized or another country which is also a member of the OECD and (ii) has delivered to the Agent, on the date on which the Assignment and Acceptance to which such Eligible Assignee is a party becomes effective, the forms referred to in Section 3.3.3 hereof; and (d) if, but only if, any Event of Default has occurred and is continuing, any other bank, insurance company, commercial finance company or other financial institution or other Person approved by the Agent, such approval not to be unreasonably withheld.
Earnings Before Interest and Taxes to Total Interest ---------------------------------------------------- Expense. The Borrower will not permit the ratio of Earnings Before ------- Interest and Taxes to Consolidated Total Interest Expense to be less than 1.5:1.0 for (i) the fiscal quarter of the Borrower ended April 4, 1998, (ii) the period of two consecutive fiscal quarters of the Borrower ending on July 4, 1998, (iii) the period of three consecutive fiscal quarters of the Borrower ending on October 3, 1998 and (iv) any period of four consecutive fiscal quarters of the Borrower ending on or after January 2, 1999."
Earnings Before Interest and Taxes. The Consolidated Net Operating ------------------------------------ Income (or Deficit) of the Borrower and its Subsidiaries for any period, after all expenses and other proper charges but before payment or provision for any income taxes or interest expense for such period, determined in accordance with generally accepted accounting principles, after eliminating therefrom all extraordinary nonrecurring items of income (or loss).
Earnings Before Interest and Taxes. The consolidated earnings (or loss) from the consolidated earnings (or loss) from the operations of Holdings and its Subsidiaries for any period, after all expenses and other proper charges but before payment or provision for any income taxes or interest expense for such period, determined in accordance with generally accepted accounting principles; PROVIDED, that no Section 338 Event or any amortization expense shall be included when calculating Earnings Before Interest and Taxes hereunder. EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION (OR EBITDA). For any period, an amount equal to the sum of (a) Earnings Before Interest and Taxes for such period, PLUS (b) depreciation and amortization for such period.
Earnings Before Interest and Taxes. The Company will maintain positive Earnings Before Interest and Taxes for the fiscal quarter ended as of June 30, 2000."
Earnings Before Interest and Taxes. ((1)+(2)+(3)-(4)) _________
Earnings Before Interest and Taxes. The consolidated earnings (or loss) from the operations of the Borrower and its Subsidiaries for any fiscal period, after all expenses and other proper charges but before payment or provision for any income taxes or interest expense for such period (including payments, if any, under hedge agreements that are designed to hedge against fluctuations in interest rates or precious metal prices), determined in accordance with generally accepted accounting principles.
Earnings Before Interest and Taxes. The earnings (or loss) from operations of the Borrower for any period, after all expenses and other proper charges but before payment or provision for any income taxes or interest expense for such period or any extraordinary non-cash expenses accounted for during such period, determined in accordance with generally accepted accounting principles. Eligible Draft. A draft in a form satisfactory to the Agent being issued to finance the purchase of inventory and for other general working capital purposes, which draft (a) is drawn on the Agent and dated the date of presentment; (b) has a maturity not longer than 180 days; provided that in no event shall such maturity extend beyond the Revolving Credit Loan Maturity Date; and (c) is, if accepted by a member bank of the Federal Reserve System, eligible for discount with a Federal Reserve Bank under applicable law and all applicable rules, regulations and interpretations of the Board of Governors of the Federal Reserve System. An Eligible Draft shall in no event include bankers' acceptances issued outside of this Agreement.
