Average EBIT definition

Average EBIT means the arithmetic mean of the following for each fiscal year during the Performance Period: the Company’s Adjusted EBITDA (as reported on the Company’s audited financial statements) for each such fiscal year, reduced by depreciation, depletion and amortization charges for such fiscal year.
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Average EBIT shall equal [***] [***]
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Average EBIT shall be the sum of the average of the EBIT for the two most recently completed Fiscal Years (the "Applicable Years") prior to the date of the Put Notice or the Call Notice, as the case may be. If there is a Material Breach by either Partner which has a material effect on EBIT (whether materially positive or materially negative) in any Fiscal Year used in the calculation of Average EBIT, the Partners shall cooperate in good faith to quantify such material effect and recalculate Average EBIT by making appropriate adjustments.
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Examples of Average EBIT in a sentence

  • Terminal growth rate Discount rate Average EBIT -20,0 % 22,0 % 1.6 % At December 31, 2016 value-in-use exceeds carrying value by EUR 17.3 million.

  • These calculations use pre-tax cash flow projections based on financial budgets and business plan 2011–2016 approved by management.The key assumptions used for value-in-use calculations are as follows: 20102009 Average EBIT margin 7.5% 10.0%Discount rate8.0%7.9% Management determined financial budget and business plan 2011–2016 based on past performance and its expectations of market development.

  • The following assumptions have been used for the impairment test calculations on Astrolab: 20152014Average net sales growth rate medium term plan 2016–2020 (previous year 2015–2019) 8.1 %9.9 %Average EBIT growth rate medium term plan 2016–2020 (previous year 2015–2019) 9.5 %15.5 %Weighted cost of capital (before income taxes) 7.7 %8.3 %Goodwill Astrolab as of 31.12.

  • HUL is into 5 business segments, as mentioned earlier, viz:• Soaps and detergents• Personal care products• Processed foods• Beverages• Other business segments (Pureit, etc) Split-up of HUL's standalone revenue amongst the 5 segments: Average EBIT margins across the segmentsOn a standalone basis, HUL's revenue for the financial year 2013-14 was INR 28,947.06 crores.

  • The key assumptions used for value-in-use calculations are as follows: 20112010 Average EBIT margin 10.0% 7.5%Discount rate8.5%8.0% Management determined financial budget and draft business plan 2012-2017 based on its expectations of products and market development.

  • Assumptions for the impairment test for the project Letybo Project Letybo 2021 Average EBIT- margin in the planning period p.a. 16.03%Discount rate (WACC) after taxes8.04% The planning period for the project Letybo amounts to 20 years.

  • The following assumptions have been used for the impairment test calculations on Astrolab: 20142013Average net sales growth rate medium term plan 2015–2019 (previous year 2014-2018)9.9 %7.1 %Average EBIT growth rate medium term plan 2015–2019 (previous year 2014-2018)15.5 %6.5 %Weighted cost of capital (before income taxes)8.3 %8.9 %Goodwill Astrolab as of 31.12.25 47922 882 As in the previous year a terminal growth rate of 1% has been assumed in the impairment model.

  • Average EBIT Margin of value generating firms is drastically more than that of other two groups.

  • The following assumptions have been used for the impairment test calculations on Cube Optics: 2014Average net sales growth rate medium term plan 2015–20196.6 %Average EBIT growth rate medium term plan 2015–20195.1 %Weighted cost of capital (before income taxes)8.3 %Goodwill Cube Optics as of 31.12.27 192 A terminal growth rate of 1% has been assumed in the impairment model.

  • Average EBIT margins in 2009 in the Turnkey supply and services segment are expected to return to 5% - 10% range.


More Definitions of Average EBIT

Average EBIT means the sum of EBIT for the three (3) years ended December 31, 2001, 2002 and 2003, divided by three (3).
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Average EBIT means the average annual EBIT for the four calendar years ending December 31, 2002, December 31, 2003, December 31, 2004 and December 31, 2005; and "Average Revenue" shall mean average annual revenue for the four calendar years ending December 31, 2002, December 31, 2003, December 31, 2004 and December 31, 2005.
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Related to Average EBIT

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average VWAP means the average of the VWAP for each Trading Day in the relevant period.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Average Stock Price means the average of the closing prices of a Share, as reported on NASDAQ (or such other stock exchange as is applicable), for the forty-five (45) trading day period immediately preceding the date for which the Average Stock Price is being determined hereunder.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Average Net Assets means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect. The fee is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average Par Amount is calculated by summing the Issuer Par Amounts for all issuers, and dividing by the number of issuers.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.