Consolidated Cumulative Net Income definition

Consolidated Cumulative Net Income means the aggregate Consolidated Net Income for the fiscal period(s) in question.

Consolidated Cumulative Net Income means, as to any ---------------------------------- Borrower, the aggregate Consolidated Net Income of that Borrower for the fiscal period(s) in question.

Consolidated Cumulative Net Income means the sum of the net income of Pentair and its Consolidated Subsidiaries for (i) the period from July 1, 1996 through December 31, 1996; and (ii) each fiscal year of Pentair thereafter; provided that (x) net income for any period shall be added to Consolidated Cumulative Net Income only when such period is completed and (y) if net income for any period is not positive, such period shall be excluded in calculating Consolidated Cumulative Net Income.

Examples of Consolidated Cumulative Net Income in a sentence

• Consolidated Tangible Net Worth at any time to be less than the sum of (a) $530,000,000 plus (b) to the extent positive, 25% of Consolidated Cumulative Net Income for each fiscal quarter ended after December 31, 2000 (such required minimum net worth not to be reduced by any consolidated net loss during any such fiscal quarter).

• Consolidated Shareholders' Equity will at no time be less than the sum of (a) $425,000,000 plus (b) 50% of Consolidated Cumulative Net Income plus (c) 50% of the proceeds of all classes of equity securities issued by the Borrower after June 30, 1996.

• The Borrower shall not permit the Consolidated Tangible Net Worth of the Borrower Affiliated Group, determined as at the last day of any fiscal quarter, to be less than the sum of (i) $110,000,000 plus (ii) 50% of Consolidated Cumulative Net Income plus (iii) 100% of Consolidated Cumulative Net Equity Raises.

• Permit or suffer the Consolidated Net Worth of the Borrowers and their Subsidiaries at any time to be less than the sum of (i) $33,000,000, minus (ii) the Parker Loss, plus (iii) 50% of Consolidated Cumulative Net Income of the Borrowers and their Subsidiaries for the period commencing on the first day of the Borrowers' fiscal year 1999.

• Commencing with the fiscal year beginning January 1, 2001, permit the Borrower's Consolidated Tangible Net Worth to be less than the sum of (x) $530,000,000 plus (y) 25% of the Borrower's Consolidated Cumulative Net Income after December 31, 2000 (such required minimum net worth not to be reduced by any consolidated net loss during any such period).

More Definitions of Consolidated Cumulative Net Income

Consolidated Cumulative Net Income means, as to any Borrower, the aggregate Consolidated Net Income of that Borrower for the fiscal period(s) in question.

Consolidated Cumulative Net Income means, for any period, the consolidated after Tax net income of TEL and its Consolidated Subsidiaries for such period. For purposes of this definition, consolidated after Tax net income shall be determined in accordance with GAAP but without giving effect to any write down of the value of TEL's and its Consolidated Subsidiaries assets or operations (other than Material Assets and operations related thereto) or any charge related to the discontinuance of such operations.

Consolidated Cumulative Net Income means the sum of the net income of the Borrower and its Consolidated Subsidiaries for (i) the period from July 1, 1996 through December 31, 1996; and (ii) each fiscal year of the Borrower thereafter; PROVIDED that (x) net income from any period shall be added to Consolidated Cumulative Net Income only when such period is completed and (y) if net income for any period is not positive, such period shall be excluded in calculating Consolidated Cumulative Net Income.

Consolidated Cumulative Net Income means, as to any Person, the aggregate Consolidated Net Income of that Person for the fiscal period(s) in question.

Consolidated Cumulative Net Income means, with respect to the Company and its Subsidiaries, the net income (after deduction for income and other taxes) of the Company and its Subsidiaries for the period commencing on the specified date through the end of the most recently completed Fiscal Quarter of the Company, taken as one accounting period.

Consolidated Cumulative Net Income means, as to any

Consolidated Cumulative Net Income. : shall mean the aggregate