Common use of EBIT Ratio Clause in Contracts

EBIT Ratio. With respect to the Borrower as of the last day of each fiscal quarter, the ratio of (a) EBIT of the Borrower for the four fiscal quarters then ended to (b) Interest Expense of the Borrower for the four fiscal quarters then ended. For the first three fiscal quarters of the Borrower following the Closing Date, the EBIT ratio will be calculated by including the EBIT of Borrower and Interest Expense of Borrower for the fiscal quarters which have been completed since the Closing Date.

EBIT Ratio. With respect to the Borrower as of the last day of each fiscal quarter, the ratio of (ai) EBIT of the Borrower for the four fiscal quarters then ended ended, to (bii) Interest Expense of the Borrower for the four fiscal quarters then ended. For each of the first three four fiscal quarters of the Borrower following the Closing Date, the EBIT ratio Ratio of the Borrower will be calculated by including the EBIT of Borrower and Interest Expense of Borrower for the fiscal quarters which have been completed since the Closing Date.as follows: