Cost Saving Initiative definition

Cost Saving Initiative has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.
Sample 1Sample 2Sample 3
Cost Saving Initiative as defined in clause (1)(i) of the definition of “Consolidated EBITDA.”
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

Examples of Cost Saving Initiative in a sentence

  • Cost Reduction Plan Cost Saving Initiative Action Centralization/Automation Completed headcount reductions in claims operation with additional reductions by year-end 2015 Consolidate work into key offices Automate wire transfer operations for escrow functions Outsourcing Completed outsourcing of significant amount of IT functions and certain finance and accounting work in third quarter 2015 Procurement New vendor agreements to reduce telecom expense, parcel service costs, etc.


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).
Sample 1
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’...
Sample 1

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, with respect to any four-quarter period, the reduction in net costs and expenses that:

  • service delivery and budget implementation plan means a detailed plan approved by the executive mayor of a municipality in terms of section 53(l)(c)(ii) of the MFMA for implementing the municipality's delivery of municipal services and its annual budget, and which must indicate

  • 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;

  • Business Plan means the information required to be supplied to the

  • Development Budget shall have the meaning set forth in Section 3.3.

  • 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.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • 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.

  • Deployment means a period of time extending from six (6) months before a member of the uniformed services' departure from their home station on military orders through six (6) months after return to his or her home station.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;