EBIT

EBIT. Means earnings before interest and taxes.

EBIT. Shall have the meaning given to such term in the Purchase Agreement. EBIT, for any given fiscal year, shall be derived from the Company's audited financial statements filed with the SEC.

EBIT. Means total income before interest expenses and provision for state and federal taxes for any period; PROVIDED, HOWEVER, THAT the calculation of EBIT for any period shall exclude any expense or income related to the marking to market effect of the Borrower's issued and outstanding warrants

EBIT. Shall mean "earnings before interest and taxes". The Committee shall establish target EBITs (and the formula and method(s) for calculating EBIT amounts) for each Plan Year with respect to the Company's consolidated worldwide operations ("Consolidated EBIT") and the Company's United States operations ("United States EBIT"), and the Chief Executive Officer shall establish target EBITs for the Company's various divisions and Subsidiaries... (respectively, "Divisional EBIT"). As soon as practicable after each Plan Year, the Committee shall determine the levels of Consolidated EBIT, the United States EBIT and the respective Divisional EBITs which were achieved during the Plan Year. View More

EBIT. Shall mean the sum of (i) Net Income less any extraordinary gain and plus any extraordinary loss taken into account in the calculation thereof, and in any event without taking into account gains or losses resulting from changes in the fair value of derivative instruments (within the meaning of Statement of Financial Accounting Standards No. 133), plus (ii) amounts deducted for interest expense and income taxes.

EBIT. Means for any period, on a consolidated basis, for the Parent Guarantor and its Consolidated Subsidiaries, the sum of the amounts for such period, without duplication of: (i) Net Income, plus (ii) charges against income for foreign, federal, state and local taxes, to the extent deducted in computing Net Income, plus (iii) Interest Expense, plus (iv) extraordinary or non-recurring non- ... cash losses to the extent deducted in computing Net Income, minus (v) extraordinary or non-recurring non-cash gains to the extent included in computing Net Income; provided, however, that (A) EBIT shall not include the Deepwater Clawback Obligations, and (B) a one-time charge in the fourth quarter of 2002 in an amount not to exceed USD 5,200,000 arising out of the settlement of a lawsuit brought by EEX, Inc. against Cal Dive may be excluded from the determination of EBIT. View More

EBIT. Shall mean Earnings Before Interest, Taxes,

EBIT. Means total income before interest expenses and provision for federal taxes for any period.

EBIT. (as defined below)

EBIT. "Earnings Before Interest and Taxes," earnings relate to an individual business unit target after deduction for regional and local allocations for shared support services as determined by MSXI policy. Any accounting adjustments for facility, computer or other asset utilization must be approved by the Chief Financial Officer in writing in advance. Taxes in this instance refer to federal or state income taxes, Michigan single... business tax and Italian IRAP. All other taxes are deducted from earnings to determine EBIT. View More