Common use of Earnings Before Interest and Taxes Clause in Contracts

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. The Company will 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 end thereafter4,300,000