Net Income Before Taxes definition

Net Income Before Taxes means an aggregate excess of Revenues over Allowable Expenses.

Net Income Before Taxes means the consolidated net income before income taxes of the Consolidated Companies for the applicable period determined in accordance with GAAP.

Net Income Before Taxes means the taxable income of the Target for each relevant period, based upon the method of accounting utilized for financial statement purposes, and specifically means the revenues of the Target less the expenses of the Target for such period, excluding and without deducting: (i) any Tax paid or payable; (ii) the amount of any bonus payable to any officer, executive or manager of the Target; (iii) any consideration paid to the Sellers pursuant to this Agreement; and/or (iv) any amounts paid or payable to reduce or pay the Indebtedness of the Target. The Net Income Before Taxes shall be calculated after the date of Closing on an accrual basis and, except as otherwise provided herein, shall be calculated in the manner used immediately prior to the date of the Closing.

Examples of Net Income Before Taxes in a sentence

• The Net Income Before Taxes and the total Revenues are as measured by the FSR, as reviewed and confirmed by HHSC.

• At the end of each FSR Reporting Period beginning with FSR Reporting Period 12/13, , the MCO must pay an Experience Rebate if the MCO’s Net Income Before Taxes is greater than the percentage set forth below of the total Revenue for the period.

• The percentages are calculated on a Consolidated Basis, and include the consolidated Net Income Before Taxes for all of the MCO’s and its Affiliates’ Texas HHSC Programs and Service Areas.

• In order for a loss to be eligible for potential carry forward as an offset against future income, the MCO must have a negative Net Income Before Taxes for an FSR Reporting Period on a Consolidated Basis.

• At the end of each FSR Reporting Period beginning with FSR Reporting Period 11, the MCO must pay an Experience Rebate if the MCO’s Net Income Before Taxes is greater than the percentage set forth below of the total Revenue for the period.

More Definitions of Net Income Before Taxes

Net Income Before Taxes of any Person shall mean, for any period, the net income (or loss) of such Person before taxes for such period taken as a single accounting period, determined in conformity with GAAP.

Net Income Before Taxes of Section 7.07, “Financial Covenants,” of the Credit Agreement is hereby amended to recite as follows:

Net Income Before Taxes for any Plan Year means the income, before taxes on income and before the Profit-Sharing Contribution under the Plan, reflecting the consolidated results of the operations for that year of Beam and its subsidiaries as used in consolidating such results with the operating results of American and its other consolidated subsidiaries, but adjusted to (A) exclude all gain in excess of loss resulting from sales or other dispositions of land, buildings, goodwill, brands, trademarks and investments in subsidiaries or other companies and (B) reflect certain consolidating adjustments made by American, including elimination of interest expense on long-term notes given to American in connection with the reorganization of the American group of companies.

Net Income Before Taxes of Section 7.07, “Financial Covenants,” of the Licensing Credit Agreement (the “Identified Default”) for failure to maintain the minimum Net Income Before Taxes set forth therein. The Borrowers have further requested that Huntington waive the Identified Default for the period through and including September 30, 2011, and subject to the terms and conditions set forth herein, the Administrative Agent, for itself and on behalf of the Lenders hereby waives the Identified Default for the period through and including September 30, 2011.

Net Income Before Taxes means the Company's net income before federal, state and local income taxes, determined in accordance with the provisions of Sections 1.2(b)(iii), 1.2(c) and 1.5 of this Agreement and GAAP.

Net Income Before Taxes. Attributable to Government Business" shall be the average, for each calendar year during the Additional Earn-Out Period, of the amount obtained by multiplying (a) the percentage obtained by dividing the Buyer's Net Income Before Taxes for each calendar year in the Additional Earn-Out Period by (b) the revenues of the Buyer during each such calendar year directly attributable to Government Business.

Net Income Before Taxes has the meaning set forth in Section 1.2(c) of this Agreement.