Consolidated Net Profit definition

Consolidated Net Profit means, with respect to any Person for any period, the aggregate of the Net Profit of such Person and its Restricted Subsidiaries for such period, on a consolidated basis; provided, however, that, without duplication:

Consolidated Net Profit means, in respect of any period of the Borrower and its Subsidiaries, the consolidated net profit after taxes of the Borrower and its Subsidiaries as such would appear on the consolidated statement of earnings of Borrower and its Subsidiaries prepared in accordance with GAAP, consistently applied, minus nonrecurring or extraordinary income.

Consolidated Net Profit means the net profit of the Issuer as calculated on a consolidated basis and as set out in the last audited annual consolidated accounts of the Issuer adopted by the Issuer’s shareholders’ meeting (or such other means of communication as determined by the Issuer). In respect of the financial year ended 31 December 2017, the Issuer expressed its consolidated net profit as Consolidated Result after Tax in its audited annual consolidated financial statements.

Examples of Consolidated Net Profit in a sentence

• Notwithstanding the foregoing, for the purpose of Section 4.04 only, there shall be excluded from Consolidated Net Profit any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries of BP I or BP II or a Restricted Subsidiary to the extent such dividends, repayments or transfers increase the amount of Restricted Payments permitted under Section 4.04 pursuant to clauses (5) and (6) of the definition of Cumulative Credit.

• At the end of any fiscal quarter of the ----------------------- Borrower, permit Consolidated Net Profit, determined on a four quarter rolling basis, to be less than $1.00.

• At the end of any fiscal quarter of the Borrower, permit Consolidated Net Profit, determined on a four quarter rolling basis, to be less than $1.00.

• At the end of any fiscal quarter ----------------------------------- of the Borrower, permit Consolidated Net Profit of Borrower, determined on a four quarter rolling basis, to be less than $1.00.

• At the end of any fiscal quarter ------------------------------------ of the Borrower, permit Consolidated Net Profit of Southwest, determined on a four quarter rolling basis, to be less than $1.00.

More Definitions of Consolidated Net Profit

Consolidated Net Profit and "Consolidated Net Loss" mean, respectively, with respect to any period, the consolidated net profit, or loss, as applicable, of Borrowers and the Subsidiaries after all federal, state and local income taxes reflected on Borrowers' Financial Statement for such period, calculated in accordance with GAAP, plus any write-off of goodwill pursuant to FASB 142.

Consolidated Net Profit. ’ means the sum equivalent to the aggregate amount of the audited consolidated net profit after taxation and minority interests of BVI Holdco for the period commencing on the commencement date of the appointment and ending on the Guaranteed Date (both dates inclusive) as stated in:

Consolidated Net Profit. MEANS, FOR ANY PERIOD, THE NET PROFIT (LOSS) OF AUNA AND ITS RESTRICTED SUBSIDIARIES DETERMINED ON A CONSOLIDATED BASIS IN ACCORDANCE WITH THE IFRS; PROVIDED THAT THEY ARE NOT INCLUDED IN SAID CONSOLIDATED NET PROFIT AFTER TAXES:

Consolidated Net Profit means, for any period, the total comprehensive income of the Issuer and its Subsidiaries for such period, on a consolidated basis, determined in accordance with IFRS.

Consolidated Net Profit means, for any period, the net profit of the Issuer and its Subsidiaries for such period, on a consolidated basis, determined in accordance with IFRS;

Consolidated Net Profit means, in respect of any financial period, the consolidated net profit attributable to shareholders after taxation for such financial period as shown or derived from the audited consolidated financial statements of the Guarantor in respect of such financial period, including any net realised gains made on the disposal of investments but excluding any gains on the disposal, if any, of shares in, or the principal assets relating to, any Principal Subsidiary (as defined in Condition 10) or any associate of the Guarantor which meets any of the tests set out in Condition 10 in the definition of “Principal Subsidiary” mutatis mutandis. For the avoidance of doubt, references to “a Subsidiary” in the definition of “Principal Subsidiary” shall (save where the context requires otherwise) be deemed to refer to the relevant associate for the purposes of this Condition 6.4.3. A report by the auditors of the Guarantor that, in their opinion, a company is or is not or was or was not at any particular time an associate of the Guarantor meeting any of the tests set out in Condition 10 in the definition of “Principal Subsidiary” mutatis mutandis, shall, in the absence of manifest error, be conclusive and binding on all parties concerned.

Consolidated Net Profit means the consolidated net profit after tax of Auspicious Idea and it shall exclude: (i) profit or loss under any joint venture between Auspicious Idea and the Company and all their respective subsidiaries and associates; (ii) costs and expenses in seeking a listing of the shares of Auspicious Idea on the Main Board of the Stock Exchange or such other recognised stock exchange in any jurisdiction; (iii) any one-off non-operating income and expenses which include but not limited to investment; (iv) income and expenses in conducting business other than the principal business of Auspicious Idea and its subsidiaries; (v) income and expenses arising from the acquisition or merger of business in the same or similar nature of the principal business of Auspicious Idea and its subsidiaries, as may from time to time be agreed by the parties to the sale and purchase agreement; and (vi) extraordinary items of Auspicious Idea and its subsidiaries.