Examples of Combined Net Income in a sentence
After its approval by the Engineer, this schedule of values shall be used as the basis for the Contractor’s monthly Applications for Payment.
Notwithstanding the foregoing, the Company may acquire its own capital shares for an aggregate amount from and after the Closing date equal to the greater of (x) the sum of (i) 25% of the Cumulative Combined Net Income of the Company subsequent to December 31, 1991, plus (ii) $500,000, or (y) the amount then available under the Distribution Fund, which amount shall be charged to the Distribution Fund.
The Company shall at all times maintain a Combined Tangible Net Worth of (i) not less than $31,051,000, plus 50% of the Company's Aggregate Combined Net Income at the end of each fiscal year subsequent to the fiscal year ending December 31, 1991 and (ii) not less than 25% of Combined Long Term Indebtedness but in no event less than $31,051,000.
Enter each parent’s Net Income in the appropriate Line 6 column.Add the net incomes of the parents to obtain the Combined Net Income (Math: Line 6 PPR + Line 6 PAR = Line 6 Combined).
The ratio of (i) the Company's Combined Net Income Before Interest and Taxes to (ii) the Company's Combined Interest Charges calculated as of the end of each fiscal quarter beginning December 31, 1991 for the period including such quarter and the immediately prior three fiscal quarters, combined, will be at least 1.35 for each of said periods.