Consolidated Adjusted EBIT means, in respect of the Borrower and its Subsidiaries on a consolidated basis, for any period, an amount equal to the sum, without duplication, of the amounts for such period of (a) Consolidated Net Income, (b) Consolidated Financing Expense and (c) provisions for taxes based on income but excluding (i) deferred gains and losses on business asset sales and divestitures, (ii) any after-tax prepayment penalties incurred with respect to the Capital Securities and the Existing Intercompany Obligations and (iii) non-recurring costs associated with the consummation of the Assurant IPO.
Consolidated Adjusted EBIT means, for any period of four consecutive fiscal quarters of the Borrower, on a consolidated basis for the Borrower and its Subsidiaries in accordance with Agreement Accounting Principles, the sum of the amounts for such period, without duplication, of (i) Consolidated EBIT, plus (ii) non-cash charges to the extent deducted in ---- computing Consolidated Net Income, plus (ii) extraordinary losses incurred ---- other than in the ordinary course of business to the extent deducted in computing Net Income, minus (iii) extraordinary gains realized other than in ----- the ordinary course of business to the extent added in computing Net Income (iv) plus (minus) any increases (decreases) in the LIFO reserve to the ---- ----- extent deducted (added) in computing Net Income. "Consolidated Adjusted EBIT" for any period shall be calculated to be the actual amount for such period for the Borrower and its Subsidiaries; provided, upon the -------- consummation of any Acquisition, for calculations made from and after such Acquisition, Consolidated Adjusted EBIT shall be calculated on a pro forma --- ----- basis including the target's historical Consolidated Adjusted EBIT for the applicable period using historical financial statements obtained from the seller, broken down by fiscal quarter in the Borrower's reasonable judgment (the amounts from which may be adjusted solely as may be necessary to comply with Agreement Accounting Principles).
Consolidated Adjusted EBIT means, in respect of the Borrower and its Subsidiaries on a consolidated basis, for any period, an amount equal to (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Net Income, (b) Consolidated Financing Expense, (c) provisions for taxes based on income and (d) other non-Cash items reducing Consolidated Net Income (excluding any such non-Cash item to the extent that it represents an accrual or reserve for potential Cash items in any future period or amortization of a prepaid Cash item that was paid in a prior period), minus (ii) other non-Cash items increasing Consolidated Net Income for such period (excluding any such non-Cash item to the extent it represents the reversal of an accrual or reserve for potential Cash item in any prior period).
Examples of Consolidated Adjusted EBIT in a sentence
Applicants are encouraged to monitor the DHCR website for posting of the final version.
See section 4.2 for additional details.3 The Consolidated Adjusted EBIT Margin is the ratio of Consolidated Adjusted EBIT to revenues.
The Adjusted indicators reported concern: Consolidated Adjusted EBIT, Consolidated Adjusted EBIT margin, Consolidated Adjusted Result before taxes and Consolidated Adjusted Free Cash Flow and (Net Financial Debt) / Net cash - Pursuant to IAS 17.
The Adjusted indicators shown consist of: Consolidated Adjusted EBITDA, Consolidated Adjusted EBIT, Consolidated Adjusted EBIT Margin, Consolidated Adjusted and Consolidated Adjusted Free Cash Flow for the period and (Net financial debt) / Net cash – pursuant to IAS 17.
Consolidated Adjusted EBIT is Consolidated EBIT adjusted for (i) non-recurring expenses/(income), (ii) the impact from the adjustment of revenues for extended warranty services net of related estimated future costs to provide the assistance service, as a result of the change in the business model for directly managed assistance services, and (iii) non- recurring amortisation/depreciation.
More Definitions of Consolidated Adjusted EBIT
Consolidated Adjusted EBIT for any period, with respect to the Borrower and its consolidated Subsidiaries, shall mean the sum of (a) Consolidated Net Income for such period, (b) Consolidated Adjusted Interest Expense for such period, (c) charges against income for foreign, federal, state and local income taxes for such period, (d) Consolidated Adjusted Rental Expense for such period, all as determined on a consolidated basis in accordance with GAAP.
Consolidated Adjusted EBIT for any period, Consolidated Net Income for such period (a) PLUS, without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (i) total income tax expense and (ii) interest expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Debt (including the Loans) and (b) MINUS, to the extent included in Consolidated Net Income for such period, the amount which would appear in accordance with GAAP on a statement of income of the Company and its consolidated Subsidiaries opposite the heading "Allowance for equity funds used during construction" (or any similar item).
Consolidated Adjusted EBIT means, for any period, the sum of Consolidated Net Income for such period plus, to the extent deducted in determining such Consolidated Net Income, Consolidated Interest Expense, provisions for income tax and fifty percent (50%) of Consolidated Railcar Lease Expense for such period minus, to the extent included in such Consolidated Net Income, all income of the Borrower and its Subsidiaries derived from Investments in GATX or any Subsidiary of GATX (other than the Borrower or a Subsidiary of the Borrower).
Consolidated Adjusted EBIT for any period shall be calculated to be the actual amount for such period for the Borrower and its Subsidiaries; provided, upon the -------- consummation of any Acquisition, for calculations made from and after such Acquisition, Consolidated Adjusted EBIT shall be calculated on a pro forma --- ----- basis including the target's historical Consolidated Adjusted EBIT for the applicable period using historical financial statements obtained from the seller, broken down by fiscal quarter in the Borrower's reasonable judgment (the amounts from which may be adjusted solely as may be necessary to comply with Agreement Accounting Principles).
Consolidated Adjusted EBIT means, with respect to ESCO and its Consolidated Subsidiaries for any period, the sum (without duplication) of (a) Consolidated Adjusted Net Income for such period (excluding any non-cash extraordinary item of gain or loss), (b) interest expense deducted in determining Consolidated Adjusted Net Income for such period, (c) all fees payable in connection with the issuance of letters of credit and letters of guarantee deducted in determining Consolidated Adjusted Net Income for such period, (d) Federal, state and local income taxes deducted in determining Consolidated Adjusted Net Income for such period, (e) depreciation and amortization in respect of consolidated Intangible Assets that were reflected on the balance sheet of ESCO dated December 31, 1991, made available to the Banks pursuant to Section 5.01, to the extent such depreciation and amortization were deducted in determining such Consolidated Adjusted Net Income and (f) the Emxxxxx Xuarantee Charge, Inventory Charge and Relocation Expenses, to the extent deducted in determining such Consolidated Adjusted Net Income.
Consolidated Adjusted EBIT means, for each Earnout Period, Parent's consolidated operating income as set forth in its audited financial statements, adjusted to take into consideration the following: (A) to eliminate any income or expense associated with any change in the Parent's consolidated depreciation method that is effective for periods ending after the six months ended June 30, 2013 may occur after the date hereof; (B) to exclude any gain or loss on the sale of capital assets; and (C) to exclude the transition costs (including severance, retention, and integration costs) identified by the parties in the transition plan dated as of the date hereof.
Consolidated Adjusted EBIT. Consolidated Interest Expense", "Consolidated Net Income", "Consolidated Net Worth", "Consolidated Railcar Lease Expense", "Consolidated Tangible Net Worth", "Corporate Base Rate" and "First Chicago" in Section 1.01 of the Credit Agreement are hereby deleted in their entirety.