Aggregate Operating Income definition

Aggregate Operating Income means the sum of all Operating Income received by any Premiere Company from (a) any Platform Services Agreement entered into pursuant to Article 3 or pursuant to a Joint Marketing Agreement entered into pursuant to Article 4 and (b) any Joint Marketing Agreement entered into pursuant to Article 4. For purposes of this definition, "Operating Income" shall mean (i) service charges and other amounts (but not late fees) received by the relevant Premiere Company under a Platform Services Agreement entered into pursuant to Article 3 or pursuant to a Joint Marketing Agreement entered into pursuant to Article 4, and (ii) all other revenue allocated to a Premiere Company under a Joint Marketing Agreement, including any marketing commissions or Premiere's allocation of offering revenues (not including any service charges or other amounts received by a Premiere Company and included in the amounts included in the preceding clause (i)).

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Aggregate Operating Income means, for the period specified, the Company's earnings before interest, taxes, depreciation, and amortization, calculated in accordance with GAAP, and before consulting fees or other payments (excluding expense reimbursements) to Ridge Advisors, Inc. or ▇▇▇▇▇▇▇ Capital Partners, L.P. or any of their affiliates.

Aggregate Operating Income means the sum of the Company's after-tax operating income from reinsurance and insurance operations and the after-tax fee income from Subsidiaries for each of the four years of the performance period as determined under GAAP.

Examples of Aggregate Operating Income in a sentence

If, subsequent to a Payment Date, any Premiere Company receives a payment relating to a previous Base Month that would have counted toward the Aggregate Operating Income amount for that Base Month, such amount shall be added to and become part of the calculation of Aggregate Operating Income for the month in which it is so received.
For purposes of this Section 2.07, Ormat Technologies' Aggregate Operating Income shall be equal to the sum of (1) Ormat Technologies' operating income for calendar year 2012, as set forth in Ormat Technologies' Audited Financial Statements for the calendar year ending on December 31, 2012; and (2) Ormat Technologies' operating income for calendar year 2013, as set forth in Ormat Technologies' Audited Financial Statements for the calendar year ending on December 31, 2013.
For the [ * ] -------------------------------- period beginning [ * ] and ending [ * ] (the "Minimum Guarantee Period"), WorldCom agrees to pay to Premiere on or before the end of the month (the "Payment Date") following each month (a "Base Month") in the Minimum Guarantee Period, the positive difference, if any, between (a)[ * ] and (b) the Aggregate Operating Income received by any Premiere Company for the Base Month (such difference being a "Monthly Deficiency Payment").
For the [ ] -------------------------------- period beginning [ ] and ending [ ] (the "Minimum Guarantee Period"), WorldCom agrees to pay to Premiere on or before the end of the month (the "Payment Date") following each month (a "Base Month") in the Minimum Guarantee Period, the positive difference, if any, between (a)[ ] and (b) the Aggregate Operating Income received by any Premiere Company for the Base Month (such difference being a "Monthly Deficiency Payment").
The obligation to pay --------------------------------------- Monthly Deficiency Payments shall terminate on the first to occur of (a) the date all Monthly Deficiency Payments for the Minimum Guarantee Period have been received by Premiere, or (b) the date on which the sum of (i) the Aggregate Operating Income received by all Premiere Companies for all previous Base Months and (ii) the aggregate Monthly Deficiency Payments (not including Late Payment Charges) received by Premiere equals or exceed [ ].
As used herein, the "Qualifying Excess Income" for any Fiscal Year shall mean the amount, if any, by which the Aggregate Operating Income for the Fiscal Year, up to a maximum Aggregate Operating Income amount of $3,706,500, exceeds $1,588,500 (with both numbers being adjusted annually by the COLA Adjustment as of the beginning of each Fiscal Year commencing with the Fiscal Year which begins in 1995).
The obligation to pay --------------------------------------- Monthly Deficiency Payments shall terminate on the first to occur of (a) the date all Monthly Deficiency Payments for the Minimum Guarantee Period have been received by Premiere, or (b) the date on which the sum of (i) the Aggregate Operating Income received by all Premiere Companies for all previous Base Months and (ii) the aggregate Monthly Deficiency Payments (not including Late Payment Charges) received by Premiere equals or exceed [ * ].
As used herein, "Qualifying Excess Income" for any Fiscal Year shall mean the amount, if any, by which the Aggregate Operating Income for the Fiscal Year, up to a maximum Aggregate Operating Income amount of $3,706,500, exceeds $1,588,500 (with both numbers being adjusted annually by the COLA Adjustment as of the beginning of each Fiscal Year commencing with the Fiscal Year which begins in 1995).

More Definitions of Aggregate Operating Income

Aggregate Operating Income means, with respect to any period of time, the sum of (a) Operating Income, and (b) CIGNA Property Operating Income.

Aggregate Operating Income for any Fiscal Year shall be equal to the Net Income of the Company for the Fiscal Year, calculated before taking into account (i) deductions for any item of compensation, fees or bonuses paid or payable by the Company or any of the Subsidiaries to any of the Shareholders, whether as officer, director, consultant, agent, contractor or otherwise, (ii) deductions for non-cash compensation expense associated with the exercise of stock options or the granting of other rights or interests in securities of the Company, so-called phantom stock interests and similar incentive compensation arrangements, by any or all executive officers of the Company (including, but not limited to, Mr. ▇▇▇▇▇▇▇), (iii) deductions for interest expense and any taxes on income and (iv) any other items properly reportable on the audited financial statements of the Company below the "income from operations" line, such as interest income and expense and other types of investment income, loss or expense (provided, however, that gain or loss from the sale or other disposition of depreciable assets used by the Company in the ordinary course of its trade or business shall be taken into account).

Aggregate Operating Income shall have the meaning set forth in Section 5(b).