Consolidated EBITA means, in respect of any period, the consolidated profit of the Group and the profits of any joint venture and associates of the Group for that period:
Consolidated EBITA means Consolidated EBITDA for a Measurement Period adjusted by deducting depreciation.
Consolidated EBITA means, for any period, on a consolidated basis for the Company and its Consolidated Subsidiaries, the sum of the amounts for such period of (a) Consolidated Net Income (before non-recurring or extraordinary gains, losses, expenses and charges, provided, that they are identified as such on the Company's financial statements), plus (b) charges against income for foreign, federal, state and local taxes, plus (c) Consolidated Interest Expense, plus (d) amortization of intangible assets.
Examples of Consolidated EBITA in a sentence
The Company must ensure that on each Testing Date the ratio of Consolidated EBITA to Consolidated Net Interest Payable for the Measurement Period ending on that Testing Date is not less than 3:1.
Permit the ratio of Consolidated Senior Funded Debt to Consolidated EBITA to be greater than 3.00:1.00.
The amount of Excess Consolidated EBITA shall be determined by the Company in accordance with GAAP (and shall be subject to review and approval by the Lenders) on or prior to the thirtieth (30th) day after the end of each fiscal quarter.
Borrower shall, on a consolidated basis, maintain, as of the last day of each fiscal quarter, a ratio of Consolidated EBITA to Consolidated Interest Expense, with respect to the most recent four fiscal quarter period, of not less than 2.00 to 1.0.
The Seller may contest the Consolidated EBITA Statement in accordance with the same principles, including objection procedures, as set out for the Buyer 1 with respect to the Trade Working Capital Adjustment in Article 4.
More Definitions of Consolidated EBITA
Consolidated EBITA means, for the Company and its Subsidiaries for any period, Consolidated EBITDA for such period minus depreciation expenses for such period, determined in accordance with Generally Accepted Accounting Principles applied on a consistent basis. All of the foregoing categories shall be calculated with respect to the Company and its Subsidiaries on a consolidated basis and shall be calculated (without duplication) over the four fiscal quarters ending on or most recently ended prior to the date of calculation thereof. Notwithstanding anything to the contrary herein, for purposes of determining compliance with the financial covenants set forth herein and in determining whether an acquisition shall be a Permitted Acquisition only, but not for purposes of calculating the Applicable Rate, Consolidated EBITA shall include the EBITA of any entity acquired in a Permitted Acquisition, which shall be calculated on a pro forma basis with respect to periods prior to consummation of such Permitted Acquisition.
Consolidated EBITA means, for any period, Consolidated EBITDA minus depreciation expense to the extent such expense is included in calculating Consolidated EBITDA.
Consolidated EBITA means, for any Relevant Period, Consolidated Profits Before Interest and Tax before any amount attributable to the amortisation of intangible assets.
Consolidated EBITA means, as applied to any Person for any period, Net Income of such Person, plus all amounts deducted in arriving at such Net Income in respect of (a) provisions for taxes imposed on or measured by income or excess profit, (b) Interest Expense, and (c) amortization of intangibles, all consolidated in accordance with GAAP, after eliminating any intercompany items. "CONSOLIDATED TOTAL LIABILITIES" means, at any time the same is to be determined, the aggregate of all indebtedness, obligations, liabilities, reserves and any other items which would be listed as a liability on a balance sheet of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP but excluding reserves for deferred income taxes. "TANGIBLE STOCKHOLDERS' EQUITY" means Stockholders' Equity minus the aggregate book value of all assets which would be classified as intangible assets under GAAP. 7. The definitions of "CURRENT MATURITIES", "FIXED CHARGE COVERAGE RATIO", "FIXED CHARGES", "LOANS", "NOTES", and "TOTAL DEBT" contained in Section 4.1 of the Credit Agreement are each hereby amended in their entirety and as so amended shall each read as follows:
Consolidated EBITA means, for any fiscal period of Interface, an amount equal to (A) the sum for such fiscal period of Consolidated Net Income (Loss) PLUS, to the extent subtracted in determining such Consolidated Net Income (Loss), provisions for taxes based on income (or MINUS tax benefits in respect of such taxes as reflected in the financial statements for such fiscal period), Consolidated Interest Expense, and amortization of goodwill and deferred financing costs, MINUS (B) any non-recurring gains (or PLUS any non-recurring losses) for such period and MINUS (C) the gain (or PLUS the loss) for such period attributable to the sale of any assets outside the ordinary course of business.
Consolidated EBITA means the profit/loss of the Group on ordinary activities before tax and after exceptional items for a Measurement Period but after adding back:-
Consolidated EBITA means for any period the amount of which is to be determined, Consolidated Net Income for such period PLUS (but only to the extent such amounts were included in the computation of Consolidated Net Income and without duplication) (i) Consolidated Interest Expense excluding any interest paid on the Settlement Notes, (ii) income tax expense (including deferred income tax expense in each case), (iii) amortization expense of the Company and its Restricted Subsidiaries for such period, (iv) minority interest, (v) the aggregate amount of charges in such period associated with (A) ongoing expenses and/or charges related to litigation commenced against the Company prior to January 1, 1998 including interest paid on the Settlement Notes, but excluding such expenses or interest (net of any insurance proceeds paid to the Company in respect of such expenses) paid in cash by the Company after September 23, 1998 in excess of $1,000,000 in the aggregate, to the extent of such excess, (B) closings or dispositions, publicly announced prior to August 1, 1998, of Company facilities, but excluding expenses paid in cash in excess of $1,500,000 in the aggregate, to the extent of such excess, (C) on-going expenses and/or charges incurred after January 1, 1999 associated with (x) the closing or disposition of additional centers during 1999 and (y) the Company's equipment technology upgrade plan but excluding any such expenses and costs paid in cash by the Company in excess of $1,000,000 in the aggregate, to the extent of such excess and any such non-cash costs or expenses in excess of $600,000 in the aggregate, to the extent of such excess and (D) aggregate penalty payments owing to RGC as of September 23, 1998 (excluding the September 0000 Xxxxxxx) not exceeding $2,520,000 (exclusive of interest) incurred as a result of the failure of the Company to timely fulfill its registration obligations with respect to the shares of the Company's common stock into which the RGC's Series C Preferred Stock is convertible, as set forth on SCHEDULE 10B; (E) stock option based compensation relating to employee stock options granted on or before December 31, 1997, (F) charges associated with the issuance of the Warrants, less (but only to the extent included in the computation of Consolidated Net Income) any gain recognized by the Company associated with the sale of stock of certain of its Unrestricted Subsidiaries pursuant to the Stock Purchase Agreement, such amounts being determined in each ca...