Cumulative Operating Earnings definition

Cumulative Operating Earnings means and include, with respect to the 24 month period ending August 31, 1999, the 36 month period ending August 31, 2000, the 48 month period ending August 31, 2001 and the 60 month period ending August 31, 2002,the Operating Earnings of the Business, on a cumulative basis, from September 1, 1997 through the end of such period (e.g., the Cumulative Operating Earnings for the period ending August 31, 2000 shall equal the Operating Earnings, on a cumulative basis, from September 1, 1997 through August 31, 2000 (i.e., thirty-six full months of Operating Earnings would be included)).

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Cumulative Operating Earnings means and include, with respect to the 24 month period ending September 30, 1998, the 36 month period ending September 30, 1999, the 48 month period ending September 30, 2000 and the 60 month period ending September 30, 2001, the Operating Earnings of Gulf Coast, on a cumulative basis, from October 1, 1996 through the end of such period (e.g., the Cumulative Operating Earnings for the period ending September 30, 1998 shall equal the Operating Earnings, on a cumulative basis, from October 1, 1996 through September 30, 1998 (i.e., twenty four full months of Operating Earnings would be included)).

Cumulative Operating Earnings means and include, with respect to the 24 month period ending September 30, 1998 and the 36 month period ending September 30, 1999, the Operating Earnings of CP&I, on a cumulative basis, from October 1, 1996 through the end of such period (e.g., the Cumulative Operating Earnings for the period ending September 30, 1998 shall equal the Operating Earnings, on a cumulative basis, from October 1, 1996 through September 30, 1998 (i.e., twenty four full months of Operating Earnings would be included)).

Examples of Cumulative Operating Earnings in a sentence

For each period for which Operating Earnings or Cumulative Operating Earnings equal or exceed the applicable Minimum Target, the Appropriate Principal Amount of the Contingent Notes, together with interest accrued on such Appropriate Principal Amount, shall become due and payable and shall be paid as provided in subparagraph (a) above.
The Objection Notice shall set forth in reasonable detail the Holders' calculation of Operating Earnings (or Cumulative Operating Earnings, as the case may be).
Cumulative Operating Earnings Per Share Performance (“Cumulative Operating EPS Performance”) will determine forty percent (40%) of the Target Amount (“Cumulative Operating EPS Percentage”).
In the event Operating Earnings or Cumulative Operating Earnings are less than the applicable Minimum Target for any given year, interest on the principal amount of the Contingent Notes for such year shall be canceled and voided.
The Objection Notice shall set forth in reasonable detail the Seller's calculation of Operating Earnings (or Cumulative Operating Earnings, as the case may be).
In the event Operating Earnings are less than the Minimum Target or Cumulative Operating Earnings are less than the cumulative applicable Minimum Target for any given period, interest on the principal amount of the Contingent Note with maturities prior to and including such date shall be forgiven, canceled and voided.
For each period for which Operating Earnings or Cumulative Operating Earnings, as the case may be, equal or exceed the applicable Minimum Target, the appropriate Applicable Payment Amount of the Contingent Note, together with interest accrued on such Applicable Payment Amount, shall become due and payable and shall be paid as provided in subparagraph (a) above.
The Objection Notice shall set forth in reasonable detail the Sellers' calculation of Operating Earnings (or Cumulative Operating Earnings, as the case may be).
For each year for which Operating Earnings or Cumulative Operating Earnings equal or exceed the applicable Minimum Target, the Appropriate Principal Amount of the Contingent Note, together with interest accrued on such Appropriate Principal Amount, shall become due and payable and shall be paid as provided in subparagraph (a) above and (g) below.
For each of the periods for which Operating Earnings or Cumulative Operating Earnings, as the case may be, are less than the applicable Minimum Target, no principal payment(s) shall be required, due or made under the Contingent Note, with respect to that period, and any and all interest with respect thereto or accrued thereon, which otherwise would have become due or payable had the applicable Minimum Target been achieved for such period, shall be canceled and voided.

More Definitions of Cumulative Operating Earnings

Cumulative Operating Earnings means and include, with respect to each of the four (4) years ending December 31, 1997, 1998, 1999 and 2000, the Operating Earnings of the DAP Business, on a cumulative basis, from January 1, 1996 through the end of such year (e.g., the Cumulative Operating Earnings for the year ending December 31, 1998 shall equal the Operating Earnings, on a cumulative basis, from January 1, 1996 through December 31, 1998 ( i.e., three full cumulative years of Operating Earnings would be included)).

Cumulative Operating Earnings means and include, with respect to the periods ending December 31, 1998, 1999, 2000 and 2001, the Operating Earnings of Richfield, on a cumulative basis, from January 1, 1997 through the end of such period (e.g., the Cumulative Operating Earnings for the period ending December 31, 1998 shall equal the Operating Earnings, on a cumulative basis, from January 1, 1997 through December 31, 1998 (i.e., two full years of Operating Earnings would be included)).

Cumulative Operating Earnings means and include, with respect to the 24 month period ending September 30, 1999, the 36 month period ending September 30, 2000, the 48 month period ending September 30, 2001 and the 60 month period ending September 30, 2002,the Operating Earnings of the Business, on a cumulative basis, from October 1, 1997 through the end of such period (E.G., the Cumulative Operating Earnings for the period ending September 30, 2000 shall equal the Operating Earnings, on a cumulative basis, from October 1, 1997 through September 30, 2000 (I.E., three full cumulative years of Operating Earnings would be included)).

Cumulative Operating Earnings means and include, with respect to the 24 month period ending September 30, 1998, the 36 month period ending September 30, 1999, the 48 month period ending September 30, 2000 and the 60 month period ending September 30, 2001, the Operating Earnings of SLA, on a cumulative basis, from October 1, 1996 through the end of such period (e.g., the Cumulative Operating Earnings for the period ending September 30, 1998 shall equal the Operating Earnings, on a cumulative basis, from October 1, 1996 through and including September 30, 1998 (i.e., twenty four full months of Operating Earnings would be included)).