EBIT. See definition of Consolidated Earnings Before Interest and Taxes. EBITDA. See definition of Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization.
EBIT. EBIT shall mean OfficeMax’s earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the fiscal year as calculated by OfficeMax, consistent with Section 162(m) of the Code, in its sole and complete discretion.
EBIT for any period, with respect to the Borrower and its Subsidiaries, on a consolidated basis, operating income after deduction of all operating expenses for such period other than taxes, Interest Expense, amortization and non-cash charges related to executive compensation programs, all as determined in accordance with GAAP.
EBIT. (in accordance with the definition of EBIT as set forth in the Agreement) EBIT QuarterEnded________ QuarterEnded________ QuarterEnded________ QuarterEnded________ Twelve MonthsEnded________
EBIT. The term “EBIT” shall mean consolidated earnings before interest income, interest expense and income taxes, provided, that the accounting principles of the Company in effect at the time of a determination of the Company’s EBIT shall be used in connection with such determination.
EBIT. Borrower shall not permit EBIT for the twelve (12) month period ending on any date set forth below to be less than the amount set forth below for such period. In addition, Borrower shall not permit EBIT to be less than negative One Million Six Hundred Thousand Dollars (-$1,600,000) for any single calendar quarter. Twelve Month Period Ending Amount December 31, 2003 $ 2,900,000 March 31, 2004 $ 2,200,000 June 30, 2004 $ 1,800,000 September 30, 2004 $ 2,950,000 December 31, 2004 $ 3,150,000 March 31, 2005 and the last day of each calendar quarter thereafter $ 3,300,000
EBIT. See definition of Consolidated Earnings Before Interest and Taxes. Employee Benefit Plan. Any employee benefit plan within the meaning of Section 3(3) of ERISA maintained or contributed to by the Borrower, any of its Subsidiaries, or any ERISA Affiliate, other than a Multiemployer Plan. Environmental Laws. See Section 22.15(a). 5 -5- EPA. See Section 22.15(b).
EBIT. See definition of Consolidated Earnings Before Interest and Taxes. EBITDA. See definition of Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization. Effective Date. The date on which the conditions precedent set forth in Section 10.1 hereof are satisfied and the Majority Banks consent to this Agreement.
EBIT. For any relevant period, an amount equal to all earnings (loss) before Interest Expense and taxes of a Person and its consolidated subsidiaries as determined in accordance with GAAP, including gains and losses from the sale of assets and foreign currency transactions; provided, however, that such calculation shall exclude any recognized losses related to any payoff or termination of any swap or interest rate hedge agreement, including, but not limited to, any early termination amounts or breakage costs.
