AEBIT definition

AEBIT means actual consolidated earnings before income taxes for the Newmark Entities as determined by an independent audit of such entities for the years ended December 31, 2000, 2001 and 2002.
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AEBIT means EBIT adjusted (i) to eliminate the nonrecurring gains and/or expenses set forth on Schedule 2.03; (ii) to assume for periods prior to the Closing, that Kare▇ ▇▇▇▇ ▇▇▇ Laur▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇e each been compensated at a rate of $175,000 per year; (iii) to eliminate any amounts received in payment of accounts receivable which relate to invoices issued in 1997, (iv) to deduct the actual amount of accounts receivable relating to invoices issued prior to the Closing during 1998 which are not collected from the original obligors thereof prior to February 28, 1999, and (v) to establish a reserve for accounts receivable relating to November and December, 1998 in the amount of one percent.
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Examples of AEBIT in a sentence

  • Any such Receivable which is outstanding at February 28, 1999, is referred to herein as a "Doubtful Account." With respect to any Doubtful Account, Buyer may, at its option, concurrent with the final determination of Net Tangible Assets and 1998 AEBIT, transfer any such Doubtful Account to Sellers.

  • All determinations of EBIT and AEBIT for the Combined Company, including all adjustments thereto to prevent any such distortion in EBIT or AEBIT and other determinations in accordance with the terms of this Agreement, shall be made and reported to Buyer and the Sellers by the internal accounting staff utilized by Buyer by April 30, 1999 for the determination of 1998 AEBIT and thereafter within 60 days after the end of the period for which such determination is being made.

  • Subject to the adjustments set forth above, Buyer's accounting policies and practices shall be utilized in determining EBIT or AEBIT as long as such policies are in accordance with generally accepted accounting principles consistently applied.

Related to AEBIT

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • EPS means earnings per share.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Supplier Profit Margin means, in relation to a period or a Milestone (as the context requires), the Supplier Profit for the relevant period or in relation to the relevant Milestone divided by the total Call Off Contract Charges over the same period or in relation to the relevant Milestone and expressed as a percentage;

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.