EBIT Ratio definition

EBIT Ratio shall have the meaning set forth in Section 101 of the Loan Agreement.

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EBIT Ratio. Means the ratio of (a) EBIT to (b) Interest Expense, in each case on a rolling four quarter basis.

EBIT Ratio means, for WEST as of any Payment Date, the ratio of (a) EBIT to (b) Interest Expense, in each case for the most recently concluded four (4) calendar quarters; provided, however, that for the first three (3) calendar quarters of WEST following the Initial Closing Date, EBIT and Interest Expense through the end of any such quarter under consideration will, for purposes of this calculation, be calculated on an annualized basis by multiplying actual EBIT or Interest Expense for the calendar quarters which have been completed since the Closing Date by a fraction, the numerator of which is four (4) and the denominator of which is the number of full fiscal quarters then completed.

Examples of EBIT Ratio in a sentence

At any time when Leverage is equal to or greater than 45% measured as of the end of the most recently ended fiscal quarter of Standard, not permit the EBIT Ratio of Standard and its consolidated subsidiaries for the period consisting of the immediately preceding four fiscal quarters to be less than 1.75 to 1.0.
If the Borrower suffers or permits its Leverage to exceed 45%, then, at the end of each Fiscal Quarter, the EBIT Ratio of the Borrower and its Subsidiaries on a consolidated basis for the period consisting of the immediately preceding four Fiscal Quarters shall not be less than 2.0 to 1.0.
For purposes of calculating the EBIT Ratio for the Issuer for such partial fiscal quarter, aggregate EBIT and aggregate Interest Expense shall each be expanded to reflect earnings and interest expense as if for a full fiscal quarter by: (i) dividing (y) aggregate EBIT and aggregate Interest Expense (as the case may be) for such period for the Issuer, by (z) the number of days in such period; and (ii) multiplying the resulting quotient by the number of days in the fiscal quarter ending December 31, 2012.
With respect to the calculation of the EBIT Ratio for the Issuer, the following rules shall apply: (1) If less than six (6) fiscal quarters have elapsed since October 1, 2012, the EBIT Ratio shall be calculated for the actual number of fiscal quarters that have elapsed since October 1, 2012; and (2) the partial fiscal quarter commencing the Closing Date and ending December 31, 2012 shall be considered a full fiscal quarter for purposes of determining EBIT Ratio.
Declare, make or incur any liability to make any Restricted Payments; provided that the Borrower may declare cash dividends to its stockholders if, and only if, the EBIT Ratio calculated pursuant to Section 6.17 is at least 20 to 1.

More Definitions of EBIT Ratio

EBIT Ratio means, for the Issuer as of any Payment Date occurring after April 30, 2014, the ratio of (x) EBIT to (y) Interest Expense, in each case for the most recently concluded six (6) full fiscal quarters or, if fewer than six (6) full fiscal quarters have passed since the Closing Date, for the number of full fiscal quarters that have passed since the Closing Date, provided that at least two (2) full fiscal quarters have passed since the Closing Date.

EBIT Ratio means an amount equal to (a) PII Enterprise Value divided by (b) PII EBIT.

EBIT Ratio means, for the Issuer as of the last day of each fiscal quarter commencing with the fiscal quarter ended December 31, 2014, the ratio of (x) EBIT to (y) Interest Expense, in each case for the most recently concluded six (6) fiscal quarters or, if fewer than six (6) fiscal quarters have passed since the Closing Date, for the number of concluded fiscal quarters since the Closing Date, provided that at least three (3) concluded fiscal quarters have passed since the Closing Date.

EBIT Ratio shall have the meaning given such term in Section 6.18 ---------- hereof.

EBIT Ratio means, for the Issuer, as of any Payment Date, the ratio of (x) EBIT to (y) Interest Expense, in each case for the most recently concluded six (6) full fiscal quarters or, if fewer than six (6) full fiscal quarters have passed since September 25, 2013, for the number of full fiscal quarters that have passed since September 25, 2013.

EBIT Ratio. For the Guarantor as of any date of determination, the ratio of (a) the Guarantor’s aggregate EBIT to (b) aggregate Interest Expense, in each case for the most recently concluded six (6) fiscal quarters.