Net Income Adjustment Sample Clauses

Net Income Adjustment the sum of fifty percent (50%) of the U.S. Borrower’s Consolidated Net Income for each fiscal quarter ending after the Effective Date (in each case, only if a positive number).
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Net Income Adjustment. (a) No later than May 15, 1997, the Company shall, pursuant to its obligations under Section 4.6 of the Budget Stock Purchase Agreement, prepare and deliver to each of Seller and Buyer an income statement of the Company for the period from and including January 1, 1997 through the close of business on March 31, 1997 prepared in accordance with United States generally accepted accounting principles (the "First Quarter Income Statement"). The First Quarter Income Statement shall be prepared by the Company, if prior to the Closing Date, in consultation with Coopers & Lybrxxx XXX, Seller's independent accountants, or, if after the Closing Date, in consultation with Arthxx Xxxexxxx XXX, Buyer's independent accountants.
Net Income Adjustment. (a) No later than May 15, 1997, the Company shall prepare and deliver to each of Buyer Designator and Buyer an income statement of the Company for the period from and including January 1, 1997 through the close of business on March 31, 1997 prepared in accordance with United States generally accepted accounting principles (the "First Quarter Income Statement"). The First Quarter Income Statement shall be prepared by the Company, prior to the Closing Date, in consultation with Coopers & Lybrxxx XXX, Buyer Designator's independent accountants, or, after the Closing Date, in consultation with Arthxx Xxxexxxx XXX, Buyer's independent accountants. Thereafter, the Company shall cooperate with each of Buyer Designator and Buyer in providing responses to information requests from each of them in connection with their review of the First Quarter Income Statement. In addition, the Company shall cooperate with the Neutral Auditors (as defined in the Preferred Stock Purchase Agreement) in providing responses to information requests from the Neutral Auditors.

Related to Net Income Adjustment

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • CPI Adjustment The fixed fees and other fees expressed as stated dollar amounts in this schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Proportional Adjustment In the event the Corporation shall at any time after the issuance of any share or shares of Series A Participating Preferred Stock (i) declare any dividend on Common Stock of the Corporation ("COMMON STOCK") payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Corporation shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series A Participating Preferred Stock.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Tax Adjustment During each Lease Year commencing with the Lease -------------- Year 1998, Tenant shall pay, as Additional Charges, an amount (hereinafter referred to as the "TAX ADJUSTMENT AMOUNT") equal to Tenant's Share of the excess of Taxes for each such Lease Year over the amount of Taxes for the Base Year; except that Tenant shall be required to pay only a pro rata amount of the Tax Adjustment Amount for the Lease Year in which the last days of the Term occur, pro rated on a per diem basis. The Tax Adjustment Amount with respect to each Lease Year shall be paid in monthly installments in advance on the first day of each and every calendar month during such Lease Year, commencing January 1, 1998, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. As soon as practicable following the close of the 1998 and subsequent Lease Years, and receipt of actual tax bills, Landlord shall deliver to Tenant a statement setting forth (a) the actual Tax Adjustment Amount for such Lease Year; (b) the total of the estimated monthly installments of the Tax Adjustment Amount paid to Landlord for such Lease Year; and (c) the amount of any excess or deficiency with respect to such Lease Year. Tenant shall pay any deficiency to Landlord as shown by such statement within thirty (30) days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Lease Year exceeds the actual Tax Adjustment Amount due from Tenant for such Lease Year, at Landlord's option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

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