Financial covenant definitions. The expressions used in this Clause 23 (Financial Covenants) shall be construed in accordance with GAAP as applicable, or for the purposes of this Agreement:
Financial covenant definitions. In this Clause: EBITDA means, for any period, Net Income for such period adjusted by:
Financial covenant definitions. In this Agreement:-
Financial covenant definitions. For the purposes of clause 8.7 the following expressions shall have the following meanings:
Financial covenant definitions. In this Clause 10:
Financial covenant definitions. Changed for net Profit After Tax, Revenue and Working Capital Turnover. FINANCIAL COVENANTS SDSA and BSDE will be required, on a consolidated basis, to maintain the following financial ratios, percentages and amounts on a year to date basis as of the last day of the fiscal period under review (quarterly and annually) by us and IBM Credit:
Financial covenant definitions. The following terms shall have the following respective meanings in this Schedule. All amounts shall be determined in accordance with generally accepted accounting principles (GAAP).
Financial covenant definitions. The definitions in clause 20.1 (Financial covenants) shall also apply to this Agreement.
Financial covenant definitions. Solely for purposes of this Section 10, the following terms shall have the following meanings:
Financial covenant definitions. In this Agreement the following terms have the meanings set out below: Consolidated EBITDA for any Test Period means the consolidated profit from ordinary activities (where a German term is used in this definition, such term refers to the item as disclosed in the relevant profit and loss account in accordance with § 275 (1) of the German Commercial Code and such German term, and not the English term to which it relates, shall be authoritative for the construction of that term) of the Group for such period:
