Condition 3 definition

Condition 3 means the Company achieving not less than 1 million US Dollar in after-tax profits, as determined under US GAAP, for the fiscal year ending December 31, 2010.

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Condition 3 means the Company and its subsidiaries achieving not less than 80% of US$10 million in after-tax net income as determined under US GAAP, for the six months period from January 1, 2011 ended June 30, 2011.

Condition 3 means the Companies and their subsidiaries achieving not less than after tax net income of US$ 12 million as determined under US GAAP for the fiscal year ended December 31, 2011.

Examples of Condition 3 in a sentence

• The Notes will be subject to this Condition 3 only if this Condition 3 is specified to be applicable in the applicable Final Terms.

• Terms defined or referred to in the Conditions (as defined in the Deed of Charge) and the Relevant Documents (as defined in Condition 3 of those Conditions) shall, where the context permits, bear the same respective meanings in this Agreement.

• The Notes and any relative Coupons are direct, unconditional, unsubordinated and (subject to the provisions of Condition 3) unsecured obligations of the Issuer and rank pari passu and rateably without any preference among themselves and (save for certain obligations required to be preferred by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Issuer from time to time outstanding.

• The obligations of the Guarantor under the Guarantee constitute direct, unconditional, unsubordinated and (subject to the provisions of Condition 3) unsecured obligations of the Guarantor and shall at all times rank pari passu among themselves and (save for certain obligations required to be preferred by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Guarantor, from time to time outstanding.

• However, in the event that the Number of Granted Shares is adjusted pursuant to Condition 3 below, the aggregate number of shares to be issued or transferred upon exercise of the Stock Acquisition Rights shall be adjusted to the number obtained by multiplying the Number of Granted Shares after adjustment by the aggregate number of the Stock Acquisition Rights as prescribed in Condition 1 above.

More Definitions of Condition 3

Condition 3 means FUYI achieving not less than $3,000,000 in after-tax profits, as determined under US GAAP for any consecutive 12 months during the period from April 1, 2012 through March 31, 2014.

Condition 3 means in respect of a Component, CNYmat fixes above the relevant EKI, subject to the Target Redemption Feature and Conditions.

Condition 3 means the total gross revenue of Telstar and its subsidiaries for the fiscal year ended December 31, 2011 is not less than $7,000,000, as determined under US GAAP.

Condition 3 means the Company filing with the SEC its annual report on Form 10-K for the fiscal year ended May 31, 2010.

Condition 3 means Armco and its Subsidiaries achieving not less than $5,000,000 in pre-tax profits, as determined under United States Generally Accepted Accounting Principles consistently applied (“US GAAP”) for the calendar year ending December 31, 2008.

Condition 3. (a) Any listing of the Company’s or Parent’s equity securities on The Nasdaq Stock Market or the New York Stock Exchange (a “Public Listing”), (b) a business combination with a “special purpose acquisition company” or “blank check” company, if immediately thereafter the Company’s or Parent’s equity securities, or the equity securities received in exchange for the Company’s or Parent’s equity securities, are listed on The Nasdaq Stock Market or the New York Stock Exchange (a “Merger”); or (c) a sale of in a single transaction or multiple related transactions of all or a majority of the Company’s or Parent’s voting equity securities (based on the voting power of such securities) by the holders of Company’s or Parent’s voting equity securities, as applicable, to non-affiliated parties or substantially all of the assets of the Company or Parent (a “Sale Event”); or (d) oversee a private capital raise of the Company or Parent of $25,000,000 or more, which is in addition to the capital raises satisfying Conditions 1 and 2.

Condition 3 means the WFOE achieving not less than 1 million US Dollar in consolidated after-tax profits, as determined under US GAAP, for the fiscal year ending September 30, 2011.