Net Operating Profit means with respect to a given fiscal year, the adjusted net income of any and all of the members of the Oaktree Operating Group, determined in a manner consistent with the manner in which adjusted net income was determined in the OCG 2018 10-K, as further adjusted by (i) subtracting compensation expense with respect to the vesting of units granted after May 25, 2007 but before the OCG Class A Units were listed on the New York Stock Exchange, (ii) subtracting Oaktree Operating Group income taxes, (iii) subtracting amounts attributable to cash distributions paid on OCG’s issued and outstanding preferred units listed on the New York Stock Exchange; (iv) adding back 50% of the compensation expense recognized with respect to the vesting of units granted after May 25, 2007 under OCG’s equity incentive plans, (v) adding back 50% of the compensation expense recognized with respect to the vesting of awards under the Oaktree Group’s long term incentive plans, (vi) excluding incentive income (net of incentive income compensation expense) and phantom equity expense, (vii) excluding Net Investment Income, and (viii) excluding compensation expense relating to individuals entitled to payments in respect of Net Operating Profit and Net Investment Income.

Net Operating Profit means Revenue and income derived from gaming and entertainment machines located at the Pub, less the Base Fee and less Operating Expenses (other than any council tax payable in respect of a service occupancy granted pursuant to clause 9) payable in connection with the Pub or any part of it;

Examples of Net Operating Profit in a sentence

ROIC is calculated as Parker’s expected Net Operating Profit After Tax attributable to Meggitt, including the after-tax impact of expected synergies and costs to achieve, divided by the US GAAP Enterprise Value set out under paragraph 4.
The funding rate for FinecoBank is a percentage of the Net Operating Profit (net of Provisions for Risk and Charges, corresponding to Profit Before Tax) considering: historical data analysis, expected profitability, business strategy and previous year pool.
The Common Grant Rules expressly prohibits the use of the percentage of construction cost method of contracting.
The Total Valuation shall be equal to 15 times the 2014 Net Operating Profit but in any event not less than RMB9.2 billion (equivalent to approximately HK$11.5 billion) and not more than RMB10.2 billion (equivalent to approximately HK$12.8 billion).
In calculating the bonus pool for Corporate, VVA shall mean Net Operating Profit After Taxes (NOPAT is defined as sales minus operating expenses minus taxes) minus a Capital Charge calculated by multiplying a Cost of Capital times the actual Capital (Capital is defined as total assets less current and other liabilities exclusive of debt).

More Definitions of Net Operating Profit

Net Operating Profit means, as calculated on a consolidated basis for Borrower and its Subsidiaries for any period as at any date of determination, the net profit (or loss), after the provision for taxes, management bonus expense, tax distributions and dividend distributions of Borrower and its Subsidiaries for such period taken as a single accounting period. The foregoing calculation shall be made in accordance with Borrower’s practices as of the Effective Date and as disclosed to and approved by Bank.

Net Operating Profit means net earnings for the relevant period plus (i) interest expense, and (ii) income taxes.

Net Operating Profit means, for any period, for Guarantor and its Consolidated Subsidiaries (i) net sales minus (ii) total costs and expenses (excluding costs of income taxes and Interest Expense), in each case determined in accordance with GAAP for such period.

Net Operating Profit means, for any accounting period, the gross receipts of Allies - Arizona, LLC for such period less the sum of all cash expenses of operation of Allies - Arizona, LLC, and such sums as may be necessary to establish a reserve for operating expenses.

Net Operating Profit means, for any period, Consolidated Net Income, plus, to the extent deducted in the calculation of Consolidated Net Income, the sum of (a) consolidated income taxes, (b) consolidated extraordinary gains or losses from discontinued operations, (c) consolidated interest expense, and (d) other income or expense.

Net Operating Profit means the greater of (i) the excess, if any, of -------------------- Operating Profit less Owner's Priority, or (ii) zero (0).

Net Operating Profit means, for any accounting period, the gross receipts of Maple Lot I, LLC for such period less the sum of all cash expenses of operation of Maple Lot I, LLC, and such sums as may be necessary to establish a reserve for operating expenses.