Operating Profitability definition

Operating Profitability means, for any period of determination thereof, net income before interest, taxes, depreciation, amortization expense and non-cash compensation expense, all as determined in accordance with GAAP.
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Operating Profitability financial covenants set forth in Sections 10.A and 10.D., respectively, of the Loan Agreement for the fiscal quarter ending December 31, 1998. Consequently, Borrower has requested and Bank has agreed to (1) waive said financial covenant violations, (2) permit the acquisition by Borrower of IDT Holdings, Inc. and Identicator Technology and (3) amend the Minimum Tangible Net Worth covenant under the Loan Agreement, subject to all of the terms and conditions set forth in this First Amendment.
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Examples of Operating Profitability in a sentence

  • If both criteria are met, the employee will be compensated at 28.58% of Monthly Operating Profitability up to $20,834 per month.

  • If both criteria are met, the employee will be compensated at 14.29% of Monthly Operating Profitability up to $10,417 per month.

  • Operating Profitability is defined as all company sales less all company operating costs but prior to salary for it’s managers, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇.

  • Operating Profitability is defined as all company sales less all company operating costs but prior to salary for it’s managers, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇.

Related to Operating Profitability

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.