EBITD definition

EBITD means earnings before Interest, Income Tax Provision (Credit), Depreciation and Amortization and Minority Interest for the Plan Period as reflected in the audited financial statements of the Company.

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EBITD means the consolidated net income of a person for any period plus, to the extent deducted in determining consolidated net income, the consolidated interest expense, federal, state, local and foreign income tax expense and depreciation expense of such person for such period, in each case as determined in accordance with generally accepted accounting principles in the United States as in effect from time to time.

EBITD means, for any period, the sum for such period of (i) net income, (ii) taxes accrued to any government or governmental instrumentality (other than real estate taxes, sales taxes or use taxes), (iii) interest expense, and (iv) to the extent earnings have been reduced thereby, depreciation expense, amortization expense and other non-cash expenses, minus dividends.

Examples of EBITD in a sentence

• Achievement of both revenues of $ * or more and EBITD of $ * or more in any calendar year.

• The next tranche would only vest when revenues and EBITD for a succeeding year reached the levels specified for Performance Objectives 3, 4, 5 or 6.

• Achievement of both revenues of $ * or more and earnings before interest, taxes and depreciation but after giving effect to amortization, and provided that EBITD shall not reflect the transactions described in Schedule 4.1 to that certain Preferred Stock Purchase Agreement dated as of December 4, 1996 ("EBITD") of $ * or more in any calendar year.

• For example, if in 1997 revenues were $ * EBITD was $ * and the Redeemable Preferred Stock was redeemed in full, three tranches of shares (60%) would vest, with one tranche vesting as of the redemption date and two tranches vesting as of December 31, 1997.

• Such plan will be established annually by the Board based on the Company's earnings before interest, taxes, and depreciation (EBITD) and other Performance Targets established for both the Company and Employee.

• Employee shall be entitled to 10% of any profit (EBITD) in excess of $500,000.00 determined by the Company accountants at the end of any fiscal year and shall be paid as a bonus no later than April 15, in the following fiscal year.

• For example, if revenues were $ * and EBITD was $ * for 1997 one tranche would vest, and if revenues and EBITD were the same in the following year no additional tranches would vest.

• NGC will maintain for each Rolling Period ending as of the last day of each calendar quarter a ratio of (i) Consolidated EBITD minus Maintenance Capital Expenditures to (ii) Scheduled Debt Service of not less than 2.0 to 1.0.

• EBITD move to the next level of Performance Objective (or upon redemption the preferred stock within two years).

• Tranche A: (The calculation and definition of the Total Finance Debt/Gross EBITD multiple is set out in the Standard Terms).

More Definitions of EBITD

EBITD means for a period ending at the close of any fiscal quarter, the sum of: (i) Consolidated Net Income for such period, plus (ii) to the extent deducted in determining Consolidated Net Income, the sum of all expenses of the Company and its Subsidiaries, on a consolidated basis, in accordance with GAAP for such period in respect of (A) depreciation, (B) amortization including, without limitation, amortization of capitalized debt issuance costs, but excluding the amortization of programming costs for such period, (C) Consolidated Interest Expense, (D) national, state and local income taxes and any other applicable income taxes (including United States federal, state and local taxes), and (E) any other non-cash charges to the extent deducted from or reflected in Consolidated Net Income except for any non-cash charges that represent accruals of, or reserves for, cash disbursements to be made in any future accounting period.

EBITD means, for any period, for the Company and its Subsidiaries on a consolidated basis, determined in accordance with GAAP, the sum of (a) the operating income (or operating loss) (in each case determined by reference to the Company's consolidated income statement prepared in accordance with its customary past practices) for such period plus (b) all amounts treated as expenses for depreciation to the extent included in the determination of such operating income (or loss); provided, however, that operating income (or loss) shall be computed for these purposes by including restructuring and other charges (provided, that, notwithstanding anything herein to the contrary, beginning with the third fiscal quarter ending in 1997 of the Company not more than 50% of EBITD shall consist of depreciation).

EBITD means consolidated net income, before taxes, interest expense, depreciation and extraordinary items. [IDENTIFY PERIOD] Net income $____________ Taxes ____________ Interest expense ____________ Depreciation ____________ Extraordinary Items _____________ EBIDT $ ============= Interest expense $ ============= RATIO OF EBIDT TO INTEREST EXPENSE ============= Credit Agreement, July 31, 1995 - 4 - Chemical ▇▇▇▇▇▇ Tank Lines, Inc. SCHEDULE 2.11 Indebtedness See Attached. SCHEDULE 2.12 Capital Stock See Attached.

EBITD means the aggregate consolidated operating earnings before interest, income taxes and depreciation.

EBITD with respect to CLC shall mean its consolidated net income, before taxes, interest expense, depreciation and extraordinary items.

EBITD means consolidated net income, before taxes, interest expense, depreciation and extraordinary items. [IDENTIFY PERIOD] Net income $_______________ Taxes _______________ Interest expense _______________ Depreciation _______________ Extraordinary Items ______________ EBIDT $ =============== Interest expense $ ============= RATIO OF EBIDT TO INTEREST EXPENSE =============== Amendment No. 4 to Credit Agreement - 4 - January 13, 1997 EXHIBIT 7 Life Insurance Policy Collateral