EBIT Sample Clauses
EBIT. See definition of Consolidated Earnings Before Interest and Taxes. EBITDA. See definition of Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization.
EBIT. EBIT shall mean OfficeMax’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the Performance Period, as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.
EBIT. See definition of Consolidated Earnings Before Interest and Taxes. EBITDA. See definition of Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization. EFFECTIVE DATE. The date on which the conditions precedent set forth in Section 10.1 hereof are satisfied and the Majority Banks consent to this Agreement.
EBIT. The term “EBIT” shall mean consolidated earnings before interest income, interest expense and income taxes, provided, that the accounting principles of the Company in effect at the time of a determination of the Company’s EBIT shall be used in connection with such determination.
EBIT for any period, with respect to the Borrower and its Subsidiaries, on a consolidated basis, operating income after deduction of all operating expenses for such period other than taxes, Interest Expense, amortization and non-cash charges related to executive compensation programs, all as determined in accordance with GAAP.
EBIT. Borrower shall not permit EBIT for the twelve (12) month period ending on any date set forth below to be less than the amount set forth below for such period. In addition, Borrower shall not permit EBIT to be less than negative One Million Six Hundred Thousand Dollars (-$1,600,000) for any single calendar quarter. June 30, 2005 $ 2,200,000 September 30, 2005 $ 2,800,000 December 31, 2005 $ 2,400,000
EBIT. EBIT shall mean earnings before interest and taxes, as defined under GAAP, with the following additional adjustments:
1. Any increase in asset basis from purchase price allocation and additional amortization of transaction related employment contracts and other intangibles.
2. Additional corporate overhead allocations due to change in ownership and governance if acquisition related 3. Additional costs due to SEC regulatory compliance and reporting (such as internal control evaluations required by the Xxxxxxxx-Xxxxx Act) 4. Increased costs, if any, due to changes in employee benefits if required by law to bring current Burlen benefits into ERISA compliance with Purchaser's benefits, excluding any benefits that may accrue to the Selling Shareholders 5. Increased costs for information systems which are primarily due to migrating current systems to Purchaser's information systems (to the extent such increased costs have an impact on Burlen's EBIT above $50,000)
EBIT. Depreciation and Amortization Expense for past 4 quarters
EBIT. Palletech and FIXCOR each will not permit their earnings before interest and taxes to be less than the amounts shown on Schedule 5.1 for the periods indicated on Schedule 5.1.