Sustained Profitability definition

Sustained Profitability means (a) positive Net Operating Income for any ----------------------- consecutive 30 day period after June 1, 1999 and (b) bona fide and well founded projections of positive Net Operating Income for the four (4) months following such period of positive Net Operating Income.
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Sustained Profitability has the meaning set forth in the Share Purchase Agreement. The Company's obligation to pay such signing bonus shall immediately expire in the event Employee's employment is terminated for any reason set forth in the attached Employment Agreement prior to the date such bonus is payable by Company. EXHIBIT B --------- Stock Restriction Agreement EXHIBIT C --------- Request for Post-Employment Allowance This request for severance allowance is made by _________________ (hereinafter "the Employee") pursuant to the provisions of the Employment Agreement (the "Agreement") between the Employee on the one hand, and Intek Information, Inc. and Acorn Information Services, Inc. on the other (hereinafter collectively "the Company").
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Sustained Profitability means the satisfaction of the following conditions for each of three (3) consecutive full fiscal years of Tenant during the Term: (i) Tenant has a fixed charge ratio of 3:1 (such fixed charge ratio being defined as the ratio of (a) Tenant's net income for before (i.e., without regard to) interest income, taxes and rent paid by Tenant in connection with the Leased Premises for each fiscal year, to (b) rent paid by Tenant in connection with the Leased Premises for each such fiscal year), (ii) Tenant has owners equity net of unamortized intangibles and goodwill (i.e., total assets less total liabilities and less any unamortized intangible assets and any good will) as of the end of each such fiscal year at least equal to Thirty-five Million Dollars ($35,000,000.00), and (iii) the current assets to current liabilities ratio as of the end of each such fiscal year is greater than 2.5:1 (i.e. current assets divided by current liabilities is greater than 2.
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Examples of Sustained Profitability in a sentence

  • Upon the earlier of Acorn's --------------------- achievement of Sustained Profitability or November 30, 1999, Intek will obtain a release of the Key Shareholders from their obligations under their personal guaranties on loans provided to Acorn by The Chase Manhattan Bank ("Chase") and Fleet Bank ("Fleet").

  • We believe our demonstrated ability to operate successfully within these markets will facilitate our continued organic growth as the economies in our markets expand.·History of Sustained Profitability.

  • Upon the earlier of Acorn's achievement of ----------- Sustained Profitability or November 30, 1999, Intek will (a) release the Key Shareholders from their obligations under their personal guaranties of the Bridge Loan and (b) reduce the interest rate on the Bridge Loan to six percent (6%) per annum effective as of the month following achievement of Sustained Profitability or November 30, 1999 (whichever is earlier) and until the Bridge Loan is paid in full.

  • Escrow Agent shall make --------------------------------- distributions of the Sustained Profitability Consideration and the cash portion of the Contingent Earn-Out Consideration to each Shareholder in the percentages set forth in the attached Exhibits B, which Exhibit shall be amended by the Shareholders promptly upon any change to such percentages.

  • The amount of the Contingent Earn-Out Consideration shall not be affected by whether Acorn achieves Sustained Profitability.

  • Improved Supplier product & process quality by VHH (Vendor Hand-Holding).• Member of several CFT’s, notably, Gameplan 2015 (CFT for Long-Term Strategic Planning), CCAT (Customer Complaint Analysis Team), CRISP (Cost Reduction Initiative for Sustained Profitability), Quality Improvement CFT’s.Achievements• Contributed to the development and establishment of 9 new products as a member of (NPI) New Product Introduction Team.

  • It will greatly enhance the company's core position in the global power battery and new energy vehicle green recycling field, and further enhance the company's CoreCompetitiveness and Sustained Profitability.

  • The "Sustained Profitability Date" shall mean the date on which Tenant hereafter first achieves Sustained Profitability (hereinafter defined).

  • Upon the earlier of Acorn's ----------- achievement of Sustained Profitability or November 30, 1999, Etinuum will (a) release the Key Shareholders from their obligations under their personal guaranties of the Bridge Loan and (b) reduce the interest rate on the Bridge Loan to six percent (6%) per annum effective as of the month following achievement of Sustained Profitability or November 30, 1999 (whichever is earlier) and until the Bridge Loan is paid in full.

  • Upon the earlier of --------------------- Acorn's achievement of Sustained Profitability or November 30, 1999, Etinuum will obtain a release of the Key Shareholders from their obligations under their personal guaranties on loans provided to Acorn by The Chase Manhattan Bank ("Chase") and Fleet Bank ("Fleet").

Related to Sustained Profitability

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

  • sustainable development means development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs;

  • Growth means the rating a school will receive based on longitudinally matched student data comparing current performance to the previous year’s for the purpose of determining student academic growth.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Outcomes means the Health and Wellbeing Outcomes prescribed by the Scottish Ministers in Regulations under section 5(1) of the Act;

  • Supplier Profit means, in relation to a period, the difference between the total Charges (in nominal cash flow terms but excluding any Deductions (as defined in Call Off Schedule 1 (Definitions)) and total Costs (in nominal cash flow terms) in respect of any Call Off Agreements for the relevant period;

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Productivity as defined in ORS 427.005 means:

  • Microbusiness means a licensee that may act as a cannabis

  • Adjusted Net Operating Income means, with respect to a Property for any given period, Net Operating Income of such Property for such period minus Capital Reserves for such period.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • Sustainability means the use, development, and protection of resources at a rate and in a manner that enables people to meet their current needs while allowing future generations to meet their own needs; “sustainability” requires simultaneously meeting environmental, economic and community needs.

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this chapter, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, oxygen or carbon dioxide concentrations), and to record average operational parameter value on a continuous basis.

  • Autism spectrum disorders means any of the pervasive developmental disorders as defined by the Diagnostic and Statistical Manual of Mental Disorders, 4th edition, published by the American Psychiatric Association, including autistic disorder, Asperger's disorder and pervasive developmental disorder not otherwise specified.

  • Continuous parameter monitoring system (CPMS means all of the equipment necessary to meet the data acquisition and availability requirements of the Prevention of Significant Deterioration program, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Adjusted Total Assets means, for any Person, the sum of:

  • Diatomaceous earth filtration means a process resulting in substantial particulate removal in which (1) a precoat cake of diatomaceous earth filter media is deposited on a support membrane (septum), and (2) while the water is filtered by passing through the cake on the septum, additional filter media known as body feed is continuously added to the feed water to maintain the permeability of the filter cake.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Sustainable use means the use of components of biological diversity in a way and at a rate that does not lead to the long-term decline of biological diversity, thereby maintaining its potential to meet the needs and aspirations of present and future generations.

  • Sustainable means a technology or concept that allows the use of a natural resource

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.