Adjusted Profits definition

Adjusted Profits means the earnings of the Business calculated in accordance with GAAP plus any interest or amortization payments.

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Adjusted Profits means the audited consolidated net profits of the Group less non-recurring and extraordinary items, as reflected in its Accounts; and

Adjusted Profits means the profits after tax of the Target Group as adjusted by:

Examples of Adjusted Profits in a sentence

By way of example only, if each Common Interest of Parent is exchanged for two Shares, and the Participant holds 10 Profits Interests, then the Adjusted Profits Interests Number is 20.
Notwithstanding anything in this Agreement to the contrary, if Buyer pays any Buyout Amount to ▇▇▇▇▇▇▇▇▇ or any Affiliate of ▇▇▇▇▇▇▇▇▇ pursuant to Section 9.4 hereof prior to the end of the Profit Measuring Period, Buyer shall not be required to prepare or deliver the Contingent Payment Income Statement, the Adjusted Profits Multiple shall be deemed for all purposes of this Agreement to be $34,800,000, and the dispute mechanisms in Section 4.3 shall not apply to such deemed Adjusted Profit Multiple.
BMS shall pay ImClone fifty percent (50%) of Adjusted Profits, and ImClone shall pay to BMS fifty percent (50%) of the Adjusted Loss, determined on a calendar year basis.
By way of example only, if each Common Interest of Parent was exchanged for two Shares, and the Participant held 10 Profits Interests, then the Adjusted Profits Interests Number would be 20.
Simultaneously with its delivery of the Contingent Payment Income Statement, Buyer will deliver to ▇▇▇▇▇▇▇▇▇ Buyer's calculation of the Adjusted Profits and the Adjusted Profits Multiple.

More Definitions of Adjusted Profits

Adjusted Profits will be defined consistent with the Existing Agreement, the parties acknowledging that, as previously agreed, (1) there will be no deductions for distribution fees, general sales overhead or indirect expenses (including without limitation NATPE) of King World or for HARPO talent fees, (2) King World shall use reasonable efforts, consistent with its reasonable business judgment, to repatriate foreign receipts to the United States, (3) retransmission fees and like amounts received by King World will be included in Gross Receipts, (4) to the extent that King World excludes taxes from Gross Receipts, Gross Receipts shall include the equivalent value of any corresponding tax savings realized by King World in connection with the payment of such taxes, and (5) recoupment of distribution expenses will be further qualified as set forth in Exhibit A.

Adjusted Profits means the net income, if any, of the Business as reflected on the Adjusted Contingent Payment Income Statement.

Adjusted Profits or "loss" as used above for any year mean net income or net loss for such year determined according to recognized accounting principles and practices except as follows:

Adjusted Profits means, for any year, the result of (i) GAAP PBT (as defined and calculated pursuant to the Operating Agreement) for such year, minus (ii) all Acquisition Company PBT (as defined and calculated pursuant to the Operating Agreement) for such year plus (iii) any Acquisition Free Cash Flow (as defined and calculated pursuant to the Operating Agreement) for such year.