Nonrecurring Items definition

Nonrecurring Items means nonrecurring items deemed not reflective of the Company’s core operating performance, including, but not limited to, exogenous events, acquisitions, divestitures, changes in accounting principles or “extraordinary items” determined under generally accepted accounting principles.
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Nonrecurring Items means any gain or loss to the purchaser of a nonrecurring nature not in the ordinary course of business, including, but not limited to, those regarded as extraordinary items under GAAP. Nonrecurring items shall be deemed to include, without limitation: (i) any gain or loss on the sale, exchange or disposition of an income producing property or investment; (ii) any gain or loss in excess of $5,000 on the sale, exchange or disposition of a fixed asset or group of like fixed assets, provided that if any such gain or loss is less than $5,000 and it is regarded as an extraordinary item under GAAP, then any such gain or loss shall be considered a nonrecurring item for purposes hereof; (iii) casualty recoveries and casualty losses in excess of insurance proceeds; and (iv) 50% of the proceeds of "key person" insurance, regardless of whether any such proceeds would be considered extraordinary items under GAAP (the remaining 50% to be included in the calculation of Pre-Tax Earnings to the extent of time allocated by such decedent to the Agency Business and Technology Business during the last preceding Fiscal Year based upon reference to time sheets and other appropriate documentation).
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Nonrecurring Items means nonrecurring items deemed not reflective of the Company's core operating performance, including, but not limited to, exogenous events, capital transactions, including, but not limited to, granting of Awards, acquisitions, divestitures, changes in accounting principles or "extraordinary items" determined under generally accepted accounting principles.
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Examples of Nonrecurring Items in a sentence

  • For purposes of this Agreement, "EBITDA" means Five Star Products' consolidated earnings before interest, taxes, depreciation, amortization, extraordinary items and Nonrecurring Items (as defined in the Five Star Products, Inc.

  • Interest Expense $__________ Depreciation/Amortization $__________ Minus: Capital expenditures $__________ Nonrecurring Items $__________ Equals: EBDITA (adjusted) $__________ $__________/ $__________ = __________ EBDITA(Adjusted) Interest Expense Ratio ----------------------------------------------------------------------------------------------------------------------------------- 6.

  • Interest Expense $__________ Depreciation/Amortization $__________ Minus: Capital expenditures $__________ Nonrecurring Items $__________ Equals: EBDITA (adjusted) $__________ $__________/ $__________ = __________ EBDITA(Adjusted) Interest Expense Ratio ----------------------------------------------------------------------------------------------------------------------------------- 7.