EBDIT definition
EBDIT means for any period the sum of (a) consolidated net earnings for the Borrower and its Subsidiaries (excluding for all purposes hereof all extraordinary items), plus (b) each of the following to the extent actually deducted in deriving such net earnings: (i) depreciation and amortization expense; (ii) interest expense; (iii) federal and state income taxes; and (iv) dividends charged against income on or with respect to Structured Securities, in each case before adjustment for extraordinary items, as shown in the financial statements of Borrower and its Subsidiaries referred to in Section 7.2 hereof (excluding for all purposes hereof all extraordinary items), and determined in accordance with GAAP, and (c) plus (or minus, if applicable) the net amount of non-cash deductions from (or additions to, if applicable) such net earnings for such period attributable to fluctuations in the market price(s) of securities which the Borrower is obligated to purchase in future periods under any of the Rabbi Trusts, but only to the extent that such deductions (or additions, if applicable) are required to be taken in accordance with GAAP.
EBDIT for any period, net income before deductions for depreciation expense, amortization expense, interest expense and income taxes.
EBDIT means for any period the sum of (a) consolidated net earnings for the Borrower and its Subsidiaries (excluding for all purposes hereof all extraordinary items), plus (b) each of the following to the extent actually deducted in deriving such net earnings: (i) depreciation and amortization expense; (ii) interest expense and (iii) federal and state income taxes; in each case before adjustment for extraordinary items, as shown in the financial statements of the Borrower and its Subsidiaries referred to in Section 7.2 hereof (excluding for all purposes hereof all extraordinary items), and determined in accordance with GAAP, and (c) plus (or minus, if applicable) the net amount of non-cash deductions from (or additions to, if applicable) such net earnings for such period attributable to fluctuations in the market price(s) of securities which the Borrower is obligated to purchase in future periods under any of the Rabbi Trusts, but only to the extent that such deductions (or additions, if applicable) are required to be taken in accordance with GAAP.
Examples of EBDIT in a sentence
For purposes of this Section 2, "Proportionate Percentage" means such percentage of EBDIT for a given period that is attributable to the results of Plastics for such period.
For purposes of this Section 2, "Proportionate Percentage" means such percentage of EBDIT for a given period that is attributable to the results of Containers for such period.
The "Hawk Group Purchase Price" shall be an amount (as of the most recently completed twelve-month period ended December 31) equal to the product obtained by multiplying eight and one-half (8 1/2) by (i) the "EBDIT" of The Hawk Group of Companies, Inc.
Bonus Plan: EBDIT at the following minimum threshold and bonus rate, to be applied as a percent of EBDIT to determine bonus amount earned by Employee.
EBDIT Threshold Bonus Rate --------------- ---------- $500,000 5% PRECISION PLASTICS MOLDING, INC.
More Definitions of EBDIT
EBDIT means, for any period, the sum of net earnings (plus or ----- minus any material recurring charges or credits) of the Company and its Subsidiaries plus each of the following, to the extent actually deducted in ---- arriving at such net earning: (a) depreciation and amortization, (b) Interest Expense and (c) Tax Expense.
EBDIT means for any period the sum of (a) consolidated net earnings for the Borrower and its Subsidiaries (excluding for all purposes hereof all extraordinary items), plus (b) each of the following to the extent actually deducted in deriving such net earnings: (i) depreciation and amortization expense; (ii) interest expense and (iii) federal and state income taxes;, in each case before adjustment for extraordinary items, as shown in the financial statements of Borrower and its Subsidiaries referred to in Section 7.2 hereof (excluding for all purposes hereof all extraordinary items), and determined in accordance with GAAP, and (c) plus (or minus, if applicable) the net amount of non-cash deductions from (or additions to, if applicable) such net earnings for such period attributable to fluctuations in the market price(s) of securities which the Borrower is obligated to purchase in future periods under any of the Rabbi Trusts, but only to the extent that such deductions (or additions, if applicable) are required to be taken in accordance with GAAP.
EBDIT means for any period the sum of consolidated ----- net earnings for the Borrower and its Subsidiaries (excluding for all purposes hereof all extraordinary items) plus each of the ---- following to the extent actually deducted in deriving net earnings: (a) depreciation and amortization expense; (b) interest expense; (c) federal and state income taxes; and (d) dividends charged against income on or with respect to Structured Securities, in each case before adjustment for extraordinary items, as shown in the financial statements of Borrower and its Subsidiaries referred to in Section 6.2 hereof (excluding for all purposes hereof all extraordinary items), and determined in accordance with GAAP.
EBDIT means for any period the sum of (a) consolidated net earnings for the Parent and its Subsidiaries (excluding for all purposes hereof all extraordinary items), plus (b) each of the following to the extent actually deducted in deriving such net earnings: (i) depreciation and amortization expense; (ii) interest expense; (iii) federal and state income taxes; and (iv) dividends charged against income on or with respect to Structured Securities, in each case before adjustment for extraordinary items, as shown in the financial statements of Parent and its Subsidiaries referred to in Section 7.2 hereof (excluding for all purposes hereof all extraordinary items), and determined in accordance with GAAP, and (c) plus (or minus, if applicable) the net amount of non-cash deductions from (or additions to, if applicable) such net earnings for such period attributable to fluctuations in the market price(s) of securities which the Parent is obligated to purchase in future periods under any of the Rabbi Trusts, but only to the extent that such deductions (or additions, if applicable) are required to be taken in accordance with GAAP.
EBDIT means the Company's net income before taxes on income, determined in accordance with generally accepted accounting principles, and before taking into account interest expense, payments or accruals under this Plan, amortization and depreciation charges, unrealized foreign exchange translation gains or losses, and excluding those extraordinary and nonrecurring items of income and expense, if any, the exclusion of which is approved by the Company.
EBDIT for any period, as to any Person, on a consolidated basis, the excess of (a) without duplication, the sum of (i) net income for such period plus (ii) depreciation and other non-cash charges to income for such period plus (iii) interest on all Indebtedness for such period plus (iv) taxes accrued for such period plus (v) revenue from leases of Equipment which are treated as direct finance, leverage or sales type leases, to the extent not otherwise included in net income plus (vi) revenue from Residual Values to the extent not otherwise included in net income over (b) the net amount of items which are classified as extraordinary items in accordance with GAAP for such period; as to all of the foregoing, as determined in accordance with GAAP, consistently applied. "Eligible Assignee" - (a) any of the following that have been approved by the Agent and the Borrowers (such approval by the Borrowers not to be unreasonably withheld):
EBDIT means, with respect to any person, for any period, the Consolidated Net Income of such person for such period, plus, in each case to the extent deducted in computing Consolidated Net Income of such person for such period (without duplication)