Common use of Financial Covenant Calculations Clause in Contracts

Financial Covenant Calculations. (a) EBITDA, Total Debt Costs and Net Interest Bearing Debt, shall be calculated and interpreted on a consolidated basis in accordance with the Applicable Accounting Principles and shall be expressed in NOK or, pursuant to paragraph (c) of Clause 21.3 (Requirements as to Financial Statements), euro.

Appears in 4 contracts

Samples: Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA)

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Financial Covenant Calculations. (a) EBITDA, Total Net Debt Costs and Net Interest Bearing Debt, EBITDA shall be calculated and interpreted on a consolidated basis in accordance with the Applicable Accounting Principles GAAP applicable to the Original Financial Statements of the Company and shall be expressed in NOK or, pursuant to paragraph (c) of Clause 21.3 (Requirements as to Financial Statements), euroEuro.

Appears in 1 contract

Samples: Facility Agreement (Software AG, Inc.)

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Financial Covenant Calculations. (a) EBITDA, Net Borrowings and Total Debt Costs and Net Interest Bearing Debt, Borrowings shall be calculated and interpreted on a consolidated basis in accordance with the Applicable Accounting Principles and shall be expressed in NOK or, pursuant to paragraph (c) of Clause 21.3 (Requirements as to Financial Statements), euroUS Dollars.

Appears in 1 contract

Samples: Agreement (Rio Tinto PLC)

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