Quality of Earnings definition

Quality of Earnings means that certain quality of earnings report, dated February 22, 2019, prepared for the Sponsor by KPMG and delivered to the Administrative Agent and the Lead Arrangers prior to the Closing Date (without giving effect to any subsequent modification unless approved in writing by the Lead Arrangers prior to the Closing Date).
Sample 1Sample 2Sample 3
Quality of Earnings means the Quality of Earnings delivered by Borrower to the Administrative Agent, dated as of October 29, 2019.
Sample 1

Examples of Quality of Earnings in a sentence

  • Accounting Conservatism, the Quality of Earnings, and Stock Returns.

  • Liquidity ratios• Current Ratio.• Working Capital (Operating Cash Flow).• Quality of Earnings.

  • Access provided to COPY and PwC for requested files and related discussions, including EBITDA adjustments, historical trends in financial statements, capital expenditures, and commitments & contingencies – Review of Grant Thornton’s audit workpapers for 2019 and 2020 Quality of Earnings ..

  • The Administrative Agent and the Lenders shall have received copies of the Quality of Earnings Reports, each in form and substance satisfactory to each of them.

  • Score 1 if last year’s cash flow is positive.• Quality of Earnings: Warns of accounting tricks.

  • Quality of Earnings Examiners must also determine the quality of earnings.

  • This may focus heavily on financial due diligence, and in particular a Quality of Earnings, or QoE, analysis.

  • The Company represents and warrants to Investor that the $31 million of Pro Forma Adjustments (as defined in the First Lien Credit Facility) and the $9 million of Management Adjustments (as defined in the Quality of Earnings report attached hereto as Exhibit A) that are included in the $197 million Framework EBITDA are validly included in the calculation of EBITDA under the First Lien Credit Facility in accordance with the requirements of the First Lien Credit Facility.

  • Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used by PWC to prepare the Final Quality of Earnings for the twelve month period ended December 31, 2005.

  • Quality of Earnings analysis to confirm EBITDA (buyer retains accounting firm).

Related to Quality of Earnings

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Quality factor (Q) means the modifying factor, listed in Tables I and II of 38.4(4), that is used to derive dose equivalent from absorbed dose.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Manufacturing Cost means [***].

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.