EBIT Calculation Sample Clauses

The EBIT Calculation clause defines how Earnings Before Interest and Taxes (EBIT) are determined for the purposes of the agreement. It typically outlines which revenues and expenses are included or excluded in the calculation, such as specifying adjustments for non-recurring items or extraordinary gains and losses. This clause ensures a consistent and transparent method for calculating EBIT, which is often used as a benchmark for performance targets, earn-outs, or financial covenants, thereby reducing the risk of disputes over financial results.
EBIT Calculation. For purposes of determining the purchase price at the Financial Closing, EBIT will be calculated using Schedule #1 attached hereto and updated monthly.
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EBIT Calculation. (a) As soon as practicable, but in no event later than 90 calendar days following the end of each of the first three Fiscal Years, Messrs. F. Jared Sprole, Arnold J. Hoegler, George A. ▇▇▇▇▇▇ ▇▇▇ Hu▇▇ ▇. ▇▇▇▇ (▇▇▇▇▇ct▇▇▇▇▇, ▇▇▇ "▇▇▇▇khold▇▇ ▇▇▇▇▇▇▇▇▇atives") shall prepare and deliver to the Buyer a calculation (the "EBIT Calculation") of EBIT for the foregoing year which shall be prepared in good faith in accordance with GAAP on a basis consistent with the preparation of the audited Financial Statements for the year ended September 30, 2000. (b) After receipt of the applicable EBIT Calculation, the Buyer shall have 30 calendar days to review the EBIT Calculation, together with the workpapers used in the preparation thereof. The Buyer and its respective accountants shall have full access to (i) all relevant books, records and employees of the Company relating to the applicable EBIT Calculation and (ii) the Stockholder Representatives' accountants and their relevant supporting workpapers relating to the applicable EBIT Calculation. Unless the Buyer delivers written notice to the Stockholder Representatives on or prior to the 30th calendar day after the receipt by it of the EBIT Calculation, stating that the Buyer has objections to the EBIT Calculation and describing in reasonable detail any such objections, the Buyer shall be deemed to have accepted and agreed to the EBIT Calculation. If, on or prior to the 30th calendar day after the delivery of the EBIT Calculation, the Buyer shall give such notice to the Stockholder Representatives, the Buyer and the Stockholder Representatives shall, within ten calendar days (or such longer period as the Parties may agree) following the giving of such notice (the "Resolution Period"), attempt in good faith to resolve any objections by the Buyer, and any resolution by them as to any disputed amounts shall be final, binding and conclusive. (c) Any amounts remaining in dispute at the conclusion of the Resolution Period ("Unresolved Changes") shall be submitted to Ernst & Young (or any successor thereto) (such firm being referred to as the "Auditing Firm"), within ten calendar days after the expiration of the Resolution Period. In the event that Ernst & Young is unable to act as the Auditing Firm and the Buyer and the Stockholder Representatives cannot agree on a mutually acceptable accounting firm, then the Buyer shall select an accounting firm and the Stockholder Representatives shall, collectively, select an accounting fi...
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EBIT Calculation. Schedule 1.4.3
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Related to EBIT Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Pro Forma Calculations (a) Notwithstanding anything to the contrary herein, financial ratios, tests and covenants, including the Leverage Ratio and the Fixed Charge Coverage Ratio shall be calculated in the manner prescribed by this Section 1.9. (b) For purposes of calculating any financial ratio, covenant or test, Specified Transactions (with any incurrence or repayment (excluding voluntary repayments) of any Debt in connection therewith to be subject to Section 1.9(c)) that have been made (i) during the applicable measurement period and (ii) subsequent to such period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in EBITDA and the component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable measurement period. If, since the beginning of any applicable period any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into Borrower or any of its Subsidiaries since the beginning of such period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.9, then such financial ratio or test shall be calculated to give pro forma effect thereto in accordance with this Section 1.9. (c) In the event that Borrower or any Subsidiary incurs (including by assumption or guarantees) or repays (including by redemption, repayment (other than voluntary repayments), retirement or extinguishment) any Debt included in the calculations of any financial ratio, covenant or test (in each case, other than Debt incurred or repaid under any revolving credit facility), (i) during the applicable period or (ii) subsequent to the end of the applicable period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Debt, to the extent required, as if the same had occurred on the last day of the applicable period.

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).