Adjusted Profit definition

Adjusted Profit means adjusted profit for the purpose of section 9 of this Act; "assessable profits" means assessable profits for the purpose of section 9 of this Act; "assessable tax" means assessable tax ascertained under section 21 of this Act;

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Adjusted Profit means, sum of the Station Revenue and Shared Railway Revenue less the Operating Expenses, as defined in the Agreement;

Adjusted Profit means, for any relevant period, an amount, not less than zero, equal to the excess (if any) of (x) Gross Operating Profit for such period over (y) the sum of the following amounts (but only to the extent that such amounts are not otherwise deducted in computing Gross Operating Profit): (a) An amount equal to the aggregate deposits to the FF&E Reserve made for such period; (b) The cost of insurance maintained in accordance with the provisions of this Agreement and allocable to such period in accordance with generally accepted accounting principles, subject to the limitations set forth in Article VIII; (c) All real and personal property taxes paid by PFIC for such period (less refunds, offsets or credits thereof, and interest thereon, if any, received during the period in question) and allocable to such period in accordance with generally accepted accounting principles, including, without limitation, costs of contesting the same, but not in excess of the savings achieved by such contest; (d) The Management Fee earned for such period; All other amounts deductible in the calculation of Adjusted Profit in respect of such period under the express terms of this Agreement. In no event shall any Capital Lease payments, any Capital Expenditures, or any expenditures made from funds on deposit in the FF&E Reserve, or from the proceeds of insurance recoveries or condemnation awards, be deducted in computing Adjusted Profit.

Examples of Adjusted Profit in a sentence

If the independent accounting firm so engaged fails to deliver its calculation of the Adjusted Profit Distribution Amount within the time required hereby, then the calculation of the Adjusted Profit Distribution Amount originally submitted to the Audit Committee by the Administrator pursuant to Section 5.2(c) shall be deemed an Approved Profit Distribution.
If the Audit Committee fails to engage one of the designated independent accounting firms within ten (10) Business Days, then the calculation of the Adjusted Profit Distribution Amount originally submitted to the Audit Committee by the Administrator pursuant to Section 5.2(c) shall be deemed an Approved Profit Distribution.
In making its calculation of the Adjusted Profit Distribution Amount, the independent accounting firm shall (i) review and consider any documentation submitted by the Administrator and the Audit Committee in support of their respective calculations of the Adjusted Profit Distribution Amount, and (ii) be based on the most recently available consolidated financial statements of the Company and its Subsidiaries (audited or unaudited).
The Administrator shall promptly submit in writing any calculation of the Adjusted Profit Distribution Amount to the Audit Committee, in sufficient detail to permit a prompt review and approval by the Audit Committee.
The Audit Committee shall direct the designated independent accounting firm to deliver its calculation of the Adjusted Profit Distribution Amount, calculated in accordance with this Section 5.2 (as calculated, the “Independently Calculated Profit Distribution”), within twenty (20) Business Days of its engagement (the “Submission Date”) to both the Administrator and the Audit Committee at the same time.
Upon receipt of payments from subscribers for the month of April, Seller shall promptly pay to Buyer Seller's prorata share of the cumulative Daily Adjusted Profit Margin of $1,376.60 ("Prorata Share") attributable to the Property, for each day of the month of April following Closing.
The Prorata Share shall be based on the Adjusted Profit Margin calculations attached as Schedule 5.7 hereof.
Notwithstanding anything to the contrary herein, if application of the Adjusted Profit Cap formula below yields a number that is less than zero, Parent may exercise its Repurchase Right as provided in this Section 9, and upon such exercise, Company shall deliver all Option Shares it holds to Parent for cancellation, and neither Company nor Parent shall pay each other any amount in connection with such exercise of the Repurchase Right.
Swiss Re America shall pay the Company an experience refund equal to 50% of the Adjusted Profit, as defined in Exhibit C, for all products covered under this Agreement as set forth in Exhibit A.
Swiss Re Life & Health shall pay the Company an experience refund equal to 40% of the Adjusted Profit, as defined in Exhibit C, for all variable annuity contracts covered under this Agreement as set forth in Exhibit A.

More Definitions of Adjusted Profit

Adjusted Profit means Adjusted EBITDA for the Performance Period as reported in the Company’s public filings, but excluding the effect of any acquisition made during the Performance Period of an entity with more than $100 million in annual net revenue prior to such acquisition, plus the gain or loss on dispositions of assets; provided, however, that the Committee shall retain discretion to make appropriate adjustments to Adjusted Profit for extraordinary events in accordance with the Plan.][Other financial performance metric.]

Adjusted Profit means a positive Adjusted Profit Or Loss; “Adjusted Loss” means a negative Adjusted Profit Or Loss.

Adjusted Profit means adjusted profit as stated in Part VIII of this Act;

Adjusted Profit means with respect to a given period, the Company’s sales (net of any discounts for prompt payment or otherwise, “Net Sales”) (i) minus (reduced by) the following items: (A) transportation and Disposal Costs associated with such sales, (B) all the Company’s direct costs of sales, (C) all general and administration expenses of the Company, (D) a corporate G&A overhead allocation (related to services provided by PEI as the corporate parent) equal to five and one-half percent (5.5%) of the Company’s transportation and Disposal Costs, and (E) expenditures for office equipment regardless whether the same is capitalized or expensed by the Company; (ii) plus (increased by) the following items: (A) salary, bonus and benefits expense of one office manager (not to exceed $75,000 per year in the aggregate), (B) rent expense for the Long Island Office (as defined below) (which shall include annual base rent, additional rent, common area expenses and utilities (including heat, air conditioning and similar expenses)) (collectively, “Rent”), (C) expenditures for office equipment (not to exceed $20,000 during the period commencing on the Effective Date continuing through December 31, 2008, and thereafter only as approved by the Company); (D) supplies, internet advertising, telephone expenses and dodge report subscription aggregating with Rent and office equipment (described in clause (b)(ii)(C) above (x) not more than $150,000.00 during the period commencing on the Effective Date and continuing through December 31, 2008 and (y) not more than $135,000 per calendar year thereafter (provided that the Company will give due consideration to approving additional expenditures for office equipment needed in the event Representative expands its staff (with the Company’s consent) after the first year of this Agreement), and (E) any applicable Right of First Refusal Adjustment Amount (as defined below). In clarification of the foregoing, costs incurred at the Company such as staff salaries (in excess of the one office manager referenced in clause (b)(ii)(A) above), non-internet advertising, other subscriptions, holiday gifts for clients, etc. (and any other selling, general or administrative expenses not specifically enumerated in clause (b)(ii) above) will be treated as expense of the Company and will reduce the Adjusted Profit.

Adjusted Profit means, for each year of the First Period, (i) the consolidated profit of the Partnership, less (ii) the Original Fee Fixed Rate Benefit, less (iii) the Non-Lithium Products Benefit, plus (iv) the Dixin Profit Adjustment. For purposes of calculating the Adjusted Profit, the accounting principles set forth in Annex 5.2 will be considered.