Common use of EBIT Clause in Contracts

EBIT. for any period, with respect to the Borrower and its Subsidiaries, on a consolidated basis, operating income after deduction of all operating expenses for such period other than taxes, Interest Expense, amortization and non-cash charges related to executive compensation programs, all as determined in accordance with GAAP.

Appears in 2 contracts

Sources: Revolving Credit Agreement (MCG Capital Corp), Revolving Credit Agreement (MCG Capital Corp)

EBIT. for For any period, with respect to the Borrower and its Consolidated Subsidiaries, on a consolidated basis, net operating income after deduction of all operating expenses for such period other than taxes, Interest Expense, amortization and non-cash charges related to executive compensation programs, all as determined in accordance with GAAP.

Appears in 1 contract

Sources: Revolving Credit Agreement (MCG Capital Corp)