Net Profit After Taxes definition

Net Profit After Taxes means, for any fiscal period, the after-tax income of Borrower and its Subsidiaries for such fiscal period, as determined in accordance with GAAP. For the purposes of determining Borrower's compliance with Section 6.8 hereof, 'Net Profit After Taxes' shall not include any income adjustments required as a result of the recent GAAP pronouncement on goodwill."

Net Profit After Taxes means, for any fiscal period, the after-tax income of Borrower and its Subsidiaries for such fiscal period, as determined in accordance with GAAP. For the purposes of determining Borrower's compliance with Section 7.8 hereof, 'Net Profit After Taxes' shall not include any income adjustments required as a result of the recent GAAP pronouncement on goodwill.”

Net Profit After Taxes means, for any fiscal period, the after-tax income of Borrower and its Subsidiaries for such fiscal period, as determined in accordance with GAAP.

Examples of Net Profit After Taxes in a sentence

• Borrower and its Subsidiaries shall achieve Net Profit After Taxes of not less than Five Hundred Thousand Dollars for each fiscal quarter.

• Such payments shall be equal to one-half of the Company's Net Profit After Taxes for that quarter (as defined in paragraph 4.3) to the extent that Net Profits After Taxes exceeds $250,000 for such quarter.

• Borrower failed to cause Borrower and its Subsidiaries to achieve Net Profit After Taxes of not less than Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ended December 31, 2001, which failure constitutes an Event of Default under Section 8.1(c) of the Agreement.

• Borrower acknowledges and agrees that there shall be no decrease in the minimum Tangible Net Worth required under this Section 6.5 in the event that the Net Profit After Taxes of Borrower and its Subsidiaries for any such prior fiscal quarter is less than Zero Dollars ($0).

• The Borrower shall have and shall report Net Profit After Taxes of an amount greater than $250,000.00 for each of its fiscal quarters.

More Definitions of Net Profit After Taxes

Net Profit After Taxes means the net profit with respect to the subject business consistently applied and after Taxes (as defined in the Agreement) and exclusion of non-cash charges for stock option expense and goodwill amortization.

Net Profit After Taxes means for any Person for any period, the ---------------------- pre-tax net income (or net loss) of such Person for such period, determined in accordance with GAAP, less all accrued taxes on or measured by income to the ---- extent included in the determination of such net income (or loss); provided, however, that net income (or net loss) shall be computed for these purposes without giving effect to extraordinary losses or extraordinary gains, as determined under GAAP.

Net Profit After Taxes means, for any time period, the sum of the Borrower’s net income (loss) for such period, after the amount of income tax expense (or benefit) has been deducted (or added).

Net Profit After Taxes appearing in Section 1 of the Agreement is hereby amended to read in full as follows:

Net Profit After Taxes means all of Borrower's income from whatever source less all of Borrower's expenses of operation, both direct and indirect including depreciation and amortization and less all taxes paid to all federal, state and local governmental authorities.

Net Profit After Taxes means the net profits as determined in accordance with generally accepted accounting principles.

Net Profit After Taxes means for any Person, for any period, determined in accordance with GAAP, the pre-tax net income (or net loss) of such Person for such period LESS all accrued taxes on or measured by income to the extent included in the determination of such net income (or loss); provided, however, that net income (or net loss) shall be computed for these purposes without giving effect to extraordinary losses or extraordinary gains, as determined under GAAP.