EBIT Ratio. With respect to the Borrower as of the last day of each fiscal quarter, the ratio of (a) EBIT of the Borrower for the four fiscal quarters then ended to (b) Interest Expense of the Borrower for the four fiscal quarters then ended. For the first three fiscal quarters of the Borrower following the Closing Date, the EBIT ratio will be calculated by including the EBIT of Borrower and Interest Expense of Borrower for the fiscal quarters which have been completed since the Closing Date.
EBIT Ratio. In the case of the Borrower, as of the last day of any fiscal quarter of the Borrower, permit the ratio of (a) Earnings before Interest and Taxes for the period of 12 consecutive months prior to such day to (b) Consolidated Interest Expense for such period of 12 consecutive months to be less than the greater of (i) 2.50 to 1.00 and (ii) any more restrictive ratio that corresponds to the percentage set forth in Section 8.8 (or any analogous provision) of the Note Purchase Agreement (it being under stood that, for example, 3.00 to 1.00 corresponds to 300%).
EBIT Ratio. 35 ---------- SECTION 5.04. Debt to Capitalization Ratio............................... 35 ---------------------------- SECTION 5.05. Debt to EBITDA Ratio....................................... 35 -------------------- SECTION 5.06.
EBIT Ratio. The ratio of (a) the sum of (i) ---------- Consolidated Net Income, (ii) Consolidated Interest Expense, and (iii) taxes on the Indirect Parent's consolidated pre-tax income to (b) Consolidated Interest Expense shall not be less than 2.25 to 1.0. Compliance with this Section 5.03 shall be calculated on a trailing 4 quarter basis as at the end of each Fiscal Quarter.
EBIT Ratio. (Section 5.03)
EBIT Ratio. For the Issuer or CAI and its Subsidiaries (as the case may be) as of any date of determination, the ratio of (a) either (x) in the case of the Issuer, aggregate EBIT or (y) in the case of CAI, Consolidated EBIT to (b) either (x) in the case of the Issuer, aggregate Interest Expense or (y) in the case of CAI, Consolidated Total Interest Expense, in each case for the most recently concluded six (6) fiscal quarters, commencing with the fiscal quarter ending December 31, 2012. With respect to the calculation of the EBIT Ratio for the Issuer, the following rules shall apply: (1) If less than six (6) fiscal quarters have elapsed since October 1, 2012, the EBIT Ratio shall be calculated for the actual number of fiscal quarters that have elapsed since October 1, 2012; and (2) the partial fiscal quarter commencing the Closing Date and ending December 31, 2012 shall be considered a full fiscal quarter for purposes of determining EBIT Ratio. For purposes of calculating the EBIT Ratio for the Issuer for such partial fiscal quarter, aggregate EBIT and aggregate Interest Expense shall each be expanded to reflect earnings and interest expense as if for a full fiscal quarter by: (i) dividing (y) aggregate EBIT and aggregate Interest Expense (as the case may be) for such period for the Issuer, by (z) the number of days in such period; and (ii) multiplying the resulting quotient by the number of days in the fiscal quarter ending December 31, 2012.
EBIT Ratio. For the Issuer, the ratio of (a) EBIT to (b) Net Interest Expense, in each case for the most recently concluded four (4) fiscal quarters (except for the first three fiscal quarters of the Issuer following the Effective Date of the first Series, EBIT and Net Interest Expense through the end of any quarter under consideration will, for purposes of this calculation, be calculated on an annualized basis by multiplying actual EBIT or Net Interest Expense for the fiscal quarters which have been completed since the Effective Date of the first Series by a fraction, the numerator of which is four (4) and the denominator of which is the number of full fiscal quarters then completed).
EBIT Ratio. 67 SECTION 6.18.
EBIT Ratio. Permit the ratio of (i) the sum of EBIT on the last day of each fiscal quarter plus amortization of goodwill and capitalized financing costs on the last day of each fiscal quarter to (ii) Total Interest on the last day of each fiscal quarter to be less than 1.5 to 1 as of fiscal year end 1998 and 2.0 to 1 for for any rolling four quarter period thereafter.
EBIT Ratio. For the Issuer as of any date of determination, the ratio of (a) aggregate EBIT to (b) aggregate Interest Expense, in each case for the most recently concluded six (6) fiscal quarters.
