Common use of Adjusted Net Income Clause in Contracts

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period by CPA: 18, less the total consolidated expenses of CPA: 18 recognized in such period, excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves; provided, however, that Adjusted Net Income for purposes of calculating total allowable Operating Expenses under the 2%/25% Guidelines shall exclude any gains, losses or writedowns from the sale of CPA: 18’s assets.

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period by CPA: 1817, less the total consolidated expenses of CPA: 18 17 recognized in such period, excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves; provided, however, that Adjusted Net Income for purposes of calculating total allowable Operating Expenses under the 2%/25% Guidelines shall exclude any gainsgain, losses or writedowns from the sale of CPA: 1817’s assets.