Quality of Earnings definition

Quality of Earnings means that certain quality of earnings report, dated February 22, 2019, prepared for the Sponsor by KPMG and delivered to the Administrative Agent and the Lead Arrangers prior to the Closing Date (without giving effect to any subsequent modification unless approved in writing by the Lead Arrangers prior to the Closing Date).
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Quality of Earnings means the Quality of Earnings delivered by Borrower to the Administrative Agent, dated as of October 29, 2019.
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Examples of Quality of Earnings in a sentence

  • Score 1 if last year’s cash flow is positive.• Quality of Earnings: Warns of accounting tricks.

  • The Administrative Agent and the Lenders shall have received copies of the Quality of Earnings Reports, each in form and substance satisfactory to each of them.

  • Liquidity ratios• Current Ratio.• Working Capital (Operating Cash Flow).• Quality of Earnings.

  • Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used by PWC to prepare the Final Quality of Earnings for the twelve month period ended December 31, 2005.

  • Qualitative Adjustments The following qualitative adjustment factors for overall leadership will also be applied: - Global Market Development - Customer Satisfaction - Employee Satisfaction - Leadership Development (Recruiting/Staffing/Training) - Operational Considerations (Quality of Earnings) These qualitative factors will be applied a maximum of 2% for a total increase/decrease to the fund as much as 10%.

  • The Company represents and warrants to Investor that the $31 million of Pro Forma Adjustments (as defined in the First Lien Credit Facility) and the $9 million of Management Adjustments (as defined in the Quality of Earnings report attached hereto as Exhibit A) that are included in the $197 million Framework EBITDA are validly included in the calculation of EBITDA under the First Lien Credit Facility in accordance with the requirements of the First Lien Credit Facility.

  • The approach is that the application first attempts to expose the protocol capabilities of the other endby asking the DNS for both IPv6 and IPv4 addresses that are associated with the other end’s DNS name.

  • Quality of Earnings Examiners must also determine the quality of earnings.

  • Net Debt <$40M Investment Payback <1.5 Years Maintenance CapEx <$1M Growth Strategy Records Quality of Earnings Gross Margin OEM Products as a % of Revenue Quote Backlog Order Backlog Quarter End Shipments Successful execution of T-3 Energy's growth strategy has resulted in financial success and achievement of several financial records.

  • Every transaction will involve a significant amount of due diligence, a key component of which is the Quality of Earnings report (“QoE”).

Related to Quality of Earnings

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Quality factor (Q) means the modifying factor, listed in Tables I and II of 38.4(4), that is used to derive dose equivalent from absorbed dose.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Manufacturing Cost means ***

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Established catalog price means the price included in a catalog, price list, schedule, or other form that:

  • Lowest achievable emission rate (LAER) means for any source, that rate of emissions which reflects the most stringent emission limitation which is contained in the implementation plan of any State for such class or category of source, unless the owner or operator of the proposed source demonstrates that such limitations are not achievable, or the most stringent emission limitation which is achieved in practice by such class or category of source, whichever is more stringent. In no event shall the application of this term permit a proposed new or modified source to emit any pollutant in excess of the amount allowable under applicable New Source Standards of Performance.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • forecast prices and costs means future prices and costs that are:

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.