Cost Saving Initiative definition

Cost Saving Initiative has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.
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Cost Saving Initiative as defined in clause (1)(i) of the definition of “Consolidated EBITDA.”
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Cost Saving Initiative means any restructurings, operating improvements, cost savings initiatives and other similar transactions or initiatives of Holdings, the Borrower or any other Restricted Subsidiary.
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Examples of Cost Saving Initiative in a sentence

  • Discussion and action on report of Cost Saving Initiative Committee meeting held on March 15, 2022 – Chairperson Kellee Dickerson 9.

  • If the Design-Build Firm desires to deviate from the utility work agreement provided as an attachment to the RFP, the Design-Build Firm may apply for a Cost Saving Initiative.

  • Chris LyonsDirector of Operations Raigmore Hospital 25 May 2012APPENDIX 1 Template to be completed for each Quality Cost Saving Initiative Proposal 2012/2013 Completed by / Lead Officer: Date: Please provide a summary indicating how savings or additional income will be realised.

  • Demand- side components that contributed to the growth were consumer spending, government expenditures, non-resident investments, and exports.

  • Discuss various Cost Saving Initiative scenarios on Design-Build Projects.

  • The Contractor informed they are contemplating submitting a Cost Saving Initiative.


More Definitions of Cost Saving Initiative

Cost Saving Initiative means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case for the cumulative period from April 1, 2024 to and including the last day of the most recently ended Fiscal Quarter of the Parent prior to such date for which consolidated financial statements required pursuant to Section 7.01(a) or (b) have been delivered (treated as one accounting period).
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Cost Saving Initiative has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”. “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R.§ 382.2(b). “Covered Party” shall have the meaning provided in Section 9.25. “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of the relevant Letter of Credit). “Credit Facilities” means the Revolving Facility. “Cure Amount” has the meaning assigned to such term in Section 6.15(b). “Cure Right” has the meaning assigned to such term in Section 6.15(b). “Daily Compounded XXXXX” means, for any day (a “Daily Compounded XXXXX Rate Day”), a rate per annum equal to XXXXX for the day (such day, the “Daily Compounded XXXXX Determination Day”), that is five (5) Business Days prior to (i) if such Daily Compounded XXXXX Rate Day is a Business Day, such Daily Compounded XXXXX Rate Day or (ii) if such Daily Compounded XXXXX Rate Day is not a Business Day, the Business Day immediately preceding such Daily Compounded XXXXX Rate Day, in each case, as XXXXX is published by the administrator; provided, however, that if as of 5:00 p.m. (Toronto time) on any Daily Compounded XXXXX Determination Day, XXXXX for the applicable tenor has not been published by the administrator and a Canadian Benchmark Replacement Date with respect to Daily Compounded XXXXX has not occurred, then Daily Compounded XXXXX will be XXXXX as published by the administrator on the first preceding Business Day for which XXXXX was published by the administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Daily Compounded XXXXX Determination Day; provided, that to the extent such rate as determined above shall, at any time, be less than the Canadian Floor, such rate shall be deemed to be Canadian Floor for all purposes herein. “Daily Compounded XXXXX Adjustment” means 0.29547% (29.547 basis points) for a tenor of one-month’s duration, and 0.32138% (32.138 basis points) for a tenor of three-months’...
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Related to Cost Saving Initiative

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Pro Forma Cost Savings means, without duplication of any amounts referenced in the definition of “Pro Forma Basis,” an amount equal to the amount of cost savings, operating expense reductions, operating improvements (including the entry into any material contract or arrangement) and acquisition synergies, in each case, projected in good faith to be realized (calculated on a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken on or prior to, or to be taken by Lead Borrower (or any successor thereto) or any Restricted Subsidiary within 24 months of, the date of such pro forma calculation, net of the amount of actual benefits realized or expected to be realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such action; provided that (a) such cost savings, operating expense reductions, operating improvements and synergies are factually supportable and reasonably identifiable (as determined in good faith by a responsible financial or accounting officer, in his or her capacity as such and not in his or her personal capacity, of Lead Borrower (or any successor thereto)) and are reasonably anticipated to be realized within 24 months after the date of such pro forma calculation and (b) no cost savings, operating expense reductions, operating improvements and synergies shall be added pursuant to this definition to the extent duplicative of any expenses or charges otherwise added to Consolidated Net Income or Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period; provided, further, that the aggregate amount added in respect of the foregoing proviso (or otherwise added to Consolidated Net Income or Consolidated EBITDA) shall no longer be permitted to be added back to the extent the cost savings, operating expense reductions, operating improvements and synergies have not been achieved within 24 months of the action or event giving rise to such cost savings, operating expense reductions, operating improvements and synergies.

  • Strategic Plan means the plan which the Integration Joint Board is required to prepare and implement in relation to the delegated provision of health and social care services to adults in accordance with section 29 of the Act.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.