Cost Synergies definition

Cost Synergies means, with respect to any period and without duplication, the amount of net cost savings, operating expense reductions and acquisition synergies projected by the Borrower 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 or to be taken in connection with any acquisition or disposition of a business or business unit by the Borrower or any Subsidiary (including the Acquisition), net of the amount of actual benefits realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such actions; provided that (A) a duly completed certificate signed by the chief financial officer of the Borrower shall be delivered to the Administrative Agent certifying that (x) such cost savings, operating expense reductions and acquisition synergies are reasonably anticipated to be realized within the time frames set forth in clause (y) below and factually supportable, in each case as reasonably determined in good faith by the Borrower, and (y) such actions have been taken or are to be taken within 18 months after the consummation of the relevant acquisition or disposition that is expected to result in such cost savings, expense reductions or acquisition synergies, (B) no cost savings, operating expense reductions or acquisition synergies shall constitute Cost Synergies to the extent duplicative of any expenses or charges otherwise added to Consolidated Net Income when calculating Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period, (C) projected amounts (and not yet realized) will not constitute Cost Synergies to the extent occurring more than six full fiscal quarters after the specified action taken in order to realize such projected cost savings, operating expense reductions and acquisition synergies, (D) the aggregate amount of Cost Synergies for any period of four fiscal quarters shall not exceed 20% of the Consolidated EBITDA for such period (calculated without giving effect to any Cost Synergies).
Sample 1
Cost Synergies or “Cost Synergy” means the aggregate annualized cost savings relating to the Transaction that are achieved by the Company during the Performance Period, including, without limitation, reductions in personnel and/or elimination of unfilled open positions, reductions in general and administrative expenses, optimization of benefit programs, consolidation of facilities, integration of departments or cost centers, future cost avoidance, elimination or reduction of contractual obligations including any vendor savings, interest expense savings, reductions in income or other tax expenses from tax planning strategies and depreciation savings from rationalizing capital assets and avoided capital expenditures. Synergies shall be calculated on a pre-tax basis and gross of one-time costs relating to the Transaction.
Sample 1

Examples of Cost Synergies in a sentence

  • Barbara Tuch read a statement repeating a number of their complaints.

  • What are the 4 types of M&A synergies?• Revenue Synergies (Cross-selling, etc.)• Cost Synergies (Reduce redundant costs, economies of scale)• Tax Synergies (relocate HQ to take advantage of tax rate)• Financing / Leverage Synergies (refinance debt of target with lower interest rate debt) 5.

  • Cost Synergies InitiativeThe cost synergies initiative is the Group's restructuring program primarily related to the integration of Covidien.

  • Significant Value Creation Through Cost Synergies and Growth Campbell expects to achieve approximately $170 million in cost synergies by end of fiscal 2022.

  • We are of the opinion that to realize complete synergy benefits both Cost Synergies and Income Synergies, it may take 2-3 years.

  • To apply for inactive status: A licensee may, upon written request to the Board and payment of the fee established by the Division of Professional Regulation, have his/her license placed on inactive status if he/she is not actively engaged in the practice of occupational therapy in the State.

  • FY 2020 $8.0 $1.8 $5.7 $4.8 $3.0 $23.3 Cash Salaries & Benefits Office & Administrative Expenses External Management Fees Professional Fees & Public Company Costs Non-Cash Compensation Savings Total Cost Synergies Significant Transaction Synergies 12 Source: INSW management estimates.

  • Return on Investment for Wachovia Shareholders First Union/Wachovia SunTrust/Wachovia Advantage from Merger of Equals* Hostile Proposal*** First Union Merger -------------------- ---------------- ------------------ 21% 15%-17% 4%-6% Cost Synergies Available for Wachovia Shareholders: o The merger with First Union provides Wachovia shareholders an additional $.15 per share in cost savings which have been endorsed as reasonable and achievable by analysts and viewed with favor by investors.

  • Cost Synergies You would expect us to address cost synergies and we clearly are.

  • All error in totaling in the amount column and in carrying forward totals shall be corrected.

Related to Cost Synergies

  • 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.

  • Cost data means factual information concerning the cost of labor, material, overhead, and other cost elements which are expected to be incurred or which have been actually incurred by the contractor in performing the contract.

  • Productivity as defined in ORS 427.005 means:

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Cost outlier means cases which have an extraordinarily high cost as established in 79.1(5)“f,” so as to be eligible for additional payments above and beyond the initial DRG payment.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Efficiency means the gas turbine manufacturer's rated heat rate at peak load in terms of heat input per unit of power output based on the lower heating value of the fuel.

  • Business Continuity and Disaster Recovery Plan means the Schedule containing plans and provisions for business continuity and disaster recovery.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Disaster recovery project means a project located on property

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Operational Costs means costs and expenses incurred by the Managers on behalf of the Owners to operate and maintain the Vessel including Communication Expenses and EDP Expenses;

  • Basic generation service transition costs means the amount by

  • 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.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • 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.

  • 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;

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Supplier Profit means, in relation to a period or a Milestone (as the context requires), the difference between the total Call Off Charges (in nominal cash flow terms but excluding any Deductions) and total Costs (in nominal cash flow terms) for the relevant period or in relation to the relevant Milestone;

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • 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;

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.