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, the sum of (a) ------------------ Consolidated Net Income for such period plus (b) an amount which, in the determination of Consolidated Net Income for such period has been deducted for (i) Consolidated Interest Expense for such period, (ii) total Federal, state or other income taxes of the Borrower and its Consolidated Subsidiaries for such period, and (iii) all amortization expense of the Borrower and its Consolidated Subsidiaries for such period, all as determined in accordance with GAAP.
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.
So long as any of the Notes remains outstanding, the Issuer will not permit the ratio of Consolidated EBITA to Consolidated Interest Payable, as each is determined on a Rolling Twelve Month basis ending as of each Year- End Date and Semi-Annual Date, to be less than 2.0 to 1.0.
For the avoidance of doubt, there shall be no corresponding adjustments to Consolidated EBITA for the purposes of calculating ‘Interest Cover’ pursuant to Clause 19.4 (Interest Cover).
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.
In addition to, and not in substitution of the foregoing, Company shall pay to Agent, for the benefit of Lenders, an amount equal to 50% of Company's Excess Consolidated EBITA (as defined below) during each fiscal quarter for the year to date period, which shall be payable sixty (60) days following the end of such fiscal quarter.
More Definitions of Consolidated EBITA
Consolidated EBITA means, in relation to any Accounting Period of the Group, the consolidated operating profit of the Group for that Accounting Period calculated by reference to the Accounts of the Group for that Accounting Period and:
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 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, (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 associated with (A) ongoing expenses and/or charges related to litigation commenced against the Company prior to January 1, 1998, but excluding such expenses paid in cash after the date hereof in excess of $1,000,000, in the aggregate (to the extent of such excess) (reduced by any insurance proceeds paid to the Company in respect of such expenses), (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) aggregate penalty payments 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 Company's preferred stock issued to RGC International LTD is convertible, as set forth on SCHEDULE 10B; (D) stock option-based compensation relating to employee stock options granted on or before December 31, 1997 and (E) 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 case on a consolidated basis in accordance with GAAP.
Consolidated EBITA means, for any period, net sales, less cost of goods sold, less Operating Expenses, plus gross interest expense and financing costs and amortization, of the Borrower and its Consolidated Subsidiaries, as determined on a consolidated basis in accordance with GAAP.
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, Consolidated Interest Expense, and amortization of goodwill and deferred financing costs, minus (B) any items of gain (or plus any items of loss) which were included in determining such Consolidated Net Income (Loss) and were (x) not realized in the ordinary course of business or (y) the result of any sale of assets.
Consolidated EBITA means, for any period, the total of: