GAAP EBIT definition
GAAP EBIT means, with respect to any Person, for any period, earnings of such Person before interest and taxes and shall equal the sum of (a) net income for such period, plus (b) Interest Expense for such period, plus (c) income tax expense deducted in determining net income for such period, all of which shall be determined in accordance with GAAP.
GAAP EBIT means, with respect to any Person, for any period, an amount equal to Net Income for such period, plus (without duplication to the extent deducted in determining Net Income) the sum of (a) Interest Expense for such period, plus (b) income tax expense deducted in determining Net Income for such period, all of which
Examples of GAAP EBIT in a sentence
Consolidating GAAP EBIT of the Borrower and Subsidiaries (except Insurance Subsidiaries) for the immediately preceding four fiscal quarters (ending on [FILL IN ENDING DATE FOR FISCAL QUARTER]).
Consolidating GAAP EBIT of the Borrower and Subsidiaries (except Insurance Subsidiaries) for the immediately preceding four fiscal quarters (ending on [fill in ending date for fiscal quarter]).