Condition 4 definition

Condition 4 means the Company achieving not less than 2 million US Dollar in after-tax profits, as determined under US GAAP, for the fiscal year ending December 31, 2011.

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Condition 4 means the total gross revenue of Telstar and its subsidiaries for the six-month period ended June 30, 2012 is not less than $5,000,000, as determined under US GAAP.

Condition 4 means the Company filing with the SEC its annual report on Form 10-K for the fiscal year ended May 31, 2011.

Examples of Condition 4 in a sentence

• Subject to clause 4.d any dispute arising out of or in connection with the Contract shall be determined within the English jurisdiction and to the exclusion of all other jurisdictions save that other jurisdictions may apply solely for the purpose of giving effect to this Condition 4 and for the enforcement of any judgment, order or award given under English jurisdiction.

• Each Party agrees with each other Party that the provisions of this Condition 4 shall survive any termination of the Contract for any reason whatsoever and shall remain fully enforceable as between the Parties notwithstanding such a termination.

• Any alteration in benefits agreed by the Company as referred to in General Condition 4 shall for the purpose of this Policy take effect on the day on which the alteration takes effect for the purpose of the Scheme.

• The obligations of the Guarantor under the Guarantee are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Guarantor and (save for certain obligations required to be preferred by law) rank equally with all other unsecured obligations (other than subordinated obligations, if any) of the Guarantor, from time to time outstanding.

• Condition 4 (Milestone Requirement) of the Conditions and the definitions defined therein will not apply to this Contract for Difference.

More Definitions of Condition 4

Condition 4 means in respect of a Component, CNYmat fixes at or below the relevant Barrier, subject to the Target Redemption Feature and Conditions.

Condition 4 means Armco and its Subsidiaries achieving not less than $75,000,000 in Gross Revenues, as determined under US GAAP for the calendar year ending December 31, 2008.

Condition 4. The equity valuation of the Company or Parent exceeds $100,000,000 either (a) based on a private capital raise post-money, or (b) based on the listed or merged Company or Parent’s daily closing price for 30 consecutive trading days. Any combination of Conditions 1, 2, 3 and 4 may be satisfied concurrently through one or more capital raises. For illustration only, a single capital raise of $37,000,000 at a $100,000,000 post-money valuation would satisfy all four Conditions.

Condition 4 means the WFOE achieving not less than 2 million US Dollar in consolidated after-tax profits, as determined under US GAAP, for the fiscal year ending September 30, 2012.

Condition 4 means TechTeam achieving not less than $4,000,000 in pre tax profits, as determined under US GAAP for the six months ended December 31, 2008.

Condition 4. Condition 5" means whichever of the Conditions is so numbered in that schedule;

Condition 4 means the Operating Company achieving not less than US$ 3,900,000 in pre tax profits, as determined under US GAAP for the fiscal year ending 2009. Notwithstanding the foregoing, the Parties agree that for purposes of determining whether or not the $3,900,000 in pre tax profits have been achieved, the purchase of the Option Shares by the Buyer or any other person designated by the Buyer shall not be deemed to be an expense, charge, or other deduction from revenues of the Company even though GAAP may require contrary treatment.