Consolidated Earnings Before Interest definition

Consolidated Earnings Before Interest. Taxes, Depreciation and Amortization" means, for any period, Consolidated Net Income, plus Consolidated Interest Expense, plus Consolidated Taxes, plus Consolidated Depreciation, plus Consolidated Amortization, all for such period.
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Consolidated Earnings Before Interest. LEASES AND TAXES" means, as of any date of determination, with respect to the Borrower and its Subsidiaries, the sum of (i) Consolidated Net Income, plus (ii) to the extent that any of the items referred to in any of clauses (a), (b) or (c) below were deducted in calculating Consolidated Net Income: (a) provisions for taxes on income or revenues, (b) Consolidated Cash Interest Expense, and (c) Lease Expense minus (iii) any extraordinary, unusual or nonrecurring gains or losses.
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Consolidated Earnings Before Interest. LEASES AND TAXES" means, as of any date of determination, with respect to the Borrower and its Subsidiaries, the sum of (i) Consolidated Net Income, plus (ii) to the extent that any of the items referred to in any of clauses (a), (b) or (c) below were deducted in calculating Consolidated Net Income: (a) provisions for taxes on income or revenues, (b) Consolidated Cash Interest Expense, and (c) Lease Expense.
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Examples of Consolidated Earnings Before Interest in a sentence

  • See definition of Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization.

  • See definition of Consolidated Earnings Before Interest and Taxes.

  • Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization or EBITDA.

  • On the last day of each fiscal quarter of the Company, the Consolidated Earnings Before Interest and Taxes of the Company and its Subsidiaries for the four consecutive fiscal quarters of the Company then ending will be an amount which equals or exceeds 200% of the Consolidated Interest Expense of the Company and its Subsidiaries for the same four consecutive fiscal quarters.

  • At the end of each fiscal quarter of the Company, the ratio of (x) Consolidated Earnings Before Interest and Taxes for the four fiscal quarters then ended to (y) Gross Interest Expense for the four fiscal quarters then ended will not be less than 6.50:1.

  • Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization or EBITDA.

  • Consolidated Earnings Before Interest, Taxes, Depreciation, and --------------------------------------------------------------- Amortization, or EBITDA.

  • The Company and its Restricted Subsidiaries will maintain a ratio of Consolidated Earnings Before Interest and Taxes to Consolidated Interest Expense, as of the end of each fiscal quarter of the Company, such that the ratio calculated for such fiscal quarter and the preceding three fiscal quarters taken as one accounting period is at least 2.0 to 1.0.

  • See the definition of "Consolidated Earnings Before Interest and Taxes, or EBIT".

  • The Borrower will not permit the ratio of (i) Consolidated Earnings Before Interest and Taxes for any period of four consecutive fiscal quarters (treated as a single accounting period), to (ii) Consolidated Total Interest Expense for such period, to be less than 1.15 to 1.00 at any time.


More Definitions of Consolidated Earnings Before Interest

Consolidated Earnings Before Interest. Taxes, Depreciation, and Amortization” or “Consolidated EBITDA” means, for any period (without duplication), (a) Consolidated EBIT plus the depreciation expense and amortization expense, to the extent that each was deducted in determining Consolidated Net Income (or Deficit), determined in accordance with GAAP, plus (b) the depreciation expense and amortization expense (without duplication) of any company whose Consolidated EBITDA was included under clause (c) hereof, plus (c) Consolidated EBITDA for the prior twelve (12) months of companies or business segments acquired by the Consolidated Group during the respective reporting period (without duplication) provided, that (i) the financial statements of such acquired companies or business segments have been audited for the period sought to be included by an independent accounting firm of recognized national standing or any other accounting firm permitted under the Bank Credit Agreement, or (ii) such inclusion is permitted under the Bank Credit Agreement, and provided further that such acquired Consolidated EBITDA may be further adjusted to add-back non-recurring private company expenses which are discontinued upon acquisition (such as owner’s compensation), to the extent such expenses are included in the calculation of “Consolidated EBITDA” under and as defined in the Bank Credit Agreement. Simultaneously with the delivery of the financial statements referred to in clauses (c)(i) and (c)(ii) above, a Senior Financial Officer of the Company shall deliver to the holders a Compliance Certificate and appropriate documentation (in form and substance substantially similar to that delivered by the Company under the Bank Credit Agreement) certifying the historical operating results, adjustments and balance sheet of the acquired company or business segment.
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