PBT Margin definition

PBT Margin for a Measuring Period will equal the percentage equivalent of the quotient determined by dividing the total PBT for such Measuring Period by the total Revenues for such Measuring Period. For this purpose, the PBT Margin for 2003 is determined by dividing the sum of PBT for 2003 by the total Revenues for 2003 and the PBT Margin for 2006 is determined by dividing the sum of PBT for 2004, 2005 and 2006 by the total Revenues for 2004, 2005 and 2006. For purposes of this Agreement, the PBT Margin will be rounded up or down, as the case may be, to the nearest one-tenth of one percent.
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PBT Margin for the Measuring Period shall equal the percentage equivalent of the quotient determined by dividing (a) the total PBT plus Class C PBT for the Measuring Period, by (b) the total Revenues for the Measuring Period. For purposes of this Agreement, the PBT Margin shall be rounded up or down, as the case may be, to the nearest one-tenth of one percent.
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Examples of PBT Margin in a sentence

  • Within ten calendar days after the Annual Determination for calendar year 2003 and any adjustments thereto have become binding on the parties as herein provided, if the 2003 PBT is greater than $15.0 million and the 2003 PBT Margin is greater than 10%, a fourth payment of $5.0 million ("IP-4").

  • Within ten calendar days after the Annual Determination for calendar year 2003 and any adjustments thereto have become binding on the parties as herein provided, if the 2003 PBT is greater than $15.0 million and the 2003 PBT Margin is greater than 10%, a third payment of $5.0 million ("IP-3").

Related to PBT Margin

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].