Common use of Adjusted Net Income Clause in Contracts

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period, less the total consolidated expenses 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 shall exclude any gain, losses or writedowns from the sale of the Company’s assets.

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period, less the total consolidated expenses recognized in such period, excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves, ; provided, however, that if the Advisor receives a Subordinated Incentive Fee, Adjusted Net Income for purposes of calculating total allowable Operating Expenses shall exclude any gain, losses or writedowns from the sale of the Company’s assetsassets that gave rise to such Subordinated Incentive Fee.

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period, less the total consolidated expenses recognized in such period, period excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves, provided, however, that if the Advisor receives a Subordinated Incentive Fee, Adjusted Net Income for purposes of calculating total allowable Operating Expenses shall exclude any gain, losses or writedowns from the sale of the Company’s assets's assets that gave rise to such Subordinated Incentive Fee.