Earnings Before Interest and Taxes Sample Clauses
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 shall 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 all dates prior to September 30, 1994 on a fiscal year to date basis, and thereafter, for the twelve months ending on such date, which is greater than or equal to the amount set forth opposite such date: DATE EBIT ---- ---- June 30, 1994 $ 700,000 September 30, 1994 $2,500,000 December 31, 1994 $3,400,000 March 31, 1995 $3,500,000 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 end thereafter $4,300,000
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 period of two consecutive fiscal quarters of the Borrower ending on June 28, 1997, (ii) the period of three consecutive fiscal quarters of the Borrower ending on September 27, 1997 and (iii) any period of four consecutive fiscal quarters of the Borrower ending on or after January 3, 1998."
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. (a) Cause Earnings Before Interest and Taxes to be equal to or greater than $1,500,000 for each fiscal quarter commencing with the fiscal quarter ending June 30, 1997; and
(b) Cause Earnings Before Interest and Taxes to be equal to or greater than $7,500,000 at the end of the fiscal quarter ending March 31, 1998, and at the end of each fiscal quarter thereafter, in each case with respect to the four (4) fiscal quarters then ended.
Earnings Before Interest and Taxes. The Borrower’s EBIT determined at the end of each month for each trailing twelve-month period ending on the last day of each month specified below shall not be less than the amount set forth below opposite such period: January 31, 2013 through December 31, 2013 $ 500,000 January 31, 2014 and each month thereafter until the Maturity Date $ 1,250,000
Earnings Before Interest and Taxes. The Combined Net Income of the Guarantor and the Borrower for any period, after all expenses and other proper charges but before payment or provision for any income taxes, tax distributions or interest expense for such period, determined in accordance with Generally Accepted Accounting Principles, and after eliminating therefrom all extraordinary nonrecurring items of income (or deficit).
Earnings Before Interest and Taxes for any period, the sum of (a) net income (or loss) of the Company on a consolidated basis for such period (excluding extraordinary gains and losses), plus (b) all interest expense of the Company on a consolidated basis for such period, plus (c) all charges against income of the Company on a consolidated basis for such period for federal, state and local income taxes actually paid. EBITDA: for any period, the sum of (a) Earnings Before Interest and Taxes for such period, plus (b) depreciation expenses of the Company on a consolidated basis for such period, plus (c) amortization expenses of the Company on a consolidated basis for such period. Environmental Complaints: any notice of violation or request for information or notification that the Company or any of its Subsidiaries is potentially responsible for investigation or cleanup of environmental conditions at any real property owned or leased by the Company or any of its Subsidiaries or demand letter or complaint, order, citation, or other written notice with regard to any Hazardous Discharge or violation of Environmental Laws affecting such real property or any interest therein of the Company or any of its Subsidiaries. Environmental Laws: (a) all federal, state and local environmental, zoning, health, chemical use, safety and sanitation laws, statutes, ordinances and codes relating to the protection of the environment, health and safety and/or governing the use, storage, treatment, recycling, generation, transportation, processing, handling, production or disposal of Hazardous Substances, (b) the rules, regulations, policies, guidelines, interpretations, decisions, orders and directives of federal, state and local governmental agencies and authorities with respect thereto, and (c) any common law or equitable doctrine that may impose material liability or obligations for injuries or damages due to, or threatened as a result of, the presence of or exposure to any Hazardous Substances. Equity Offering Memorandum: the Confidential Private Placement Memorandum, dated April 6, 2001, prepared by the Company in connection with the offer and sale by the Company of units consisting of shares of Common Stock and warrants, as amended by Amendment No. 1 thereto dated June 15, 2001.
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.