Actual Operating Income definition

Actual Operating Income means, with respect to any fiscal year, Operating Income (as hereinafter defined) for such fiscal year as calculated by the Board of Directors of the Company based on the audited consolidated financial statements of the Company and its subsidiaries for such fiscal year, which financial statements shall be conclusive and binding upon the Company and you.

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Actual Operating Income set forth in Section 3.1 of the Master Agreement is hereby amended by adding the following sub-paragraph:

Actual Operating Income shall be defined as the income before income tax (state and federal income tax) and interest expense. The term "actual return on capital" shall be defined as the Company's "actual operating income" divided by the sum of its interest-bearing debt, plus equity (the denominator shall be calculated for each fiscal year as the average of such amounts as at the end of each of the Company's four (4) fiscal quarters). All amounts used to calculate the incentive compensation payment shall reflect the operations of the Company and its consolidated subsidiaries and affiliates and shall be calculated in conformity with generally accepted accounting principles. The Company shall calculate the incentive compensation payment for each fiscal year on a quarterly basis and shall pay Rhein the incentive compensation amount based on such quarterly calculation at the end of each of the first three (3)

Examples of Actual Operating Income in a sentence

• In the event that the Actual Operating Income is less than the Stabilized Operating Income set forth on Schedule 2.4(b) for such Property, the Purchase Price for such Property shall be reduced by an amount equal to the quotient of (i) (x) the positive difference between the Stabilized Operating Income and the Actual Operating Income, divided by (ii) the Cap Rate, and the applicable Seller shall pay to Purchaser the amount as so determined within fifteen (15) days following the date of such determination.

• In the event that the Actual Operating Income is more than the Stabilized Operating Income set forth on Schedule 2.4(b) for such Property, the Purchase Price for such Property shall be increased by an amount equal to the quotient of (i) (x) the positive difference between the Actual Operating Income and the Stabilized Operating Income, divided by (ii) the Cap Rate, and Purchaser shall pay to the applicable Seller the amount as so determined within fifteen (15) days following the date of such determination.

More Definitions of Actual Operating Income

Actual Operating Income means the profit before interest, taxes, minority interests, extraordinary items and the cumulative effects of changes in accounting policies, of the Company, on a consolidated basis, for its fiscal year ending December 31, 2000, derived from

Actual Operating Income has the meaning assigned thereto in Section 2.4(b).

Actual Operating Income shall be defined as the income before income tax (state and federal income tax) and interest expense. The term "actual return on capital" shall be

Actual Operating Income means the profit before interest, taxes, minority interests, extraordinary items and the cumulative effects of changes in accounting policies, of the Company, on a consolidated basis, derived from the Company's audited Statements of Income/Loss for such fiscal year, prepared in accordance with U.S. generally accepted accounting principles consistently applied, expressed in Lire.

Actual Operating Income shall have the meaning ascribed thereto in ----------------------- Section 5.19(g).