Modified Net Income definition

Modified Net Income means net income (computed in accordance with generally accepted accounting principles) excluding gains (or losses) from debt restructuring and sales of property, plus depreciation of real property, and after adjustments for significant non-recurring items and unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures will be calculated to reflect modified net income on the same basis.
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Modified Net Income means all revenue of a cooperative from the sale of electricity within the
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Modified Net Income shall have the meaning set forth in Section 7(b)(viii).
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Examples of Modified Net Income in a sentence

  • Modified Net Income Attributable to Company (Budget) Modified Net Income Attributable to Company (Budget) is calculated as pretax profit from the System of Record less estimated effective tax rate and non-controlling interest.

  • Modified Net Income Attributable to Company (Actual) Modified Net Income Attributable to Company (Actual) is calculated by subtracting Investment and Other (Losses) Gains – Net, as well as the effects of Non-Recurring Items, (all on an after-tax basis) from Net Income Attributable to Company.

  • First, determine Modified Net Income: Net Income ($0M) Less Permitted Sale Property Gain ($20M) Plus Depreciation $40M Modified Net Income $20M Next, it is necessary to determine application of cash under the waterfall upon a deemed liquidation, selling assets for Gross Asset Value.

  • Modified Return on Equity (“Modified RXX”) (Corporate Metric) Modified Return on Equity (Corporate Metric) is calculated by dividing Modified Net Income Attributable to Company by Modified Average Shareholders’ Equity.

  • Modified Return on Equity (“Modified XXX”) (Corporate Metric) Modified Return on Equity (Corporate Metric) is calculated by dividing Modified Net Income Attributable to Company by Modified Average Shareholders’ Equity.

  • Compliance shall be determined as of the end of each month, except as otherwise specifically provided below: Income / (Loss): Borrower shall maintain Cumulative Modified Net Income / (Loss) during the 2012 calendar year of not less than ($3,000,000) (with dollar figures in parentheses denoting a negative number).

  • Modified Net Income Attributable to Company (Actual) Modified Net Income Attributable to Company (Actual) is calculated by subtracting Investment and Other (Losses) Gains - Net, as well as the effects of Non-Recurring Items, (all on an after-tax basis) from Net Income Attributable to Company.

  • If the local has no vice president or the vice president cannot attend, the highest ranked alternate will become a delegate.

  • EXHIBITS: Exhibit A - Form of Amended and Restated Shared Services Agreement Exhibit B - Form of Amended and Restated Credit Enhancement Services Agreement Exhibit C - Form of Indemnity Agreement Exhibit D - Example (Special Allocation of Modified Net Income) THE PARTNERSHIP INTERESTS DESCRIBED IN THIS THIRD AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF ROSELAND RESIDENTIAL, L.P. HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY JURISDICTION.

  • Schedule 500CR.Line 8 Modified Net Income Tax: Subtract Line 7 from Line6.


More Definitions of Modified Net Income

Modified Net Income means all revenue of a cooperative from the sale of electricity within the Commonwealth with the following subtractions:
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Modified Net Income. Borrower shall maintain minimum Modified Net Income, tested monthly, as follows:
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Modified Net Income means all revenue from all sources with the following
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Modified Net Income means total Xxxxxxxx less GAAP expenses of COGS, operating expenses, plus amortization of stock based compensation, depreciation, estimates for bad debt and other non-cash accounting charges such as impairment of goodwill or long lived assets.
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Related to Modified Net Income

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.