Profitable definition
Profitable during any given fiscal quarter so long as (i) Tenant’s earnings before deducting interest, taxes, depreciation, and amortization, as determined in accordance with generally accepted accounting principles, consistently applied, exceeds the sum of Two Million and 00/100 Dollars ($2,000,000.00); and (ii) Tenant’s “Net Worth” (as defined below) exceeds Fifty Million and 00/100 Dollars ($50,000,000.00). For the Purposes of this Section 21.3.1.1, Tenant’s “Net Worth” shall be defined, as determined in accordance with generally accepted accounting principles, consistently applied, as Tenant’s total tangible assets less Tenant’s total liabilities excluding deferred revenue so long as no less than ninety-five percent (95%) of such deferred revenue represents cash received and accounts receivables that are to be collected in the ordinary course of business, in each case relating to subscription services.”
Profitable means Rapditron's EBITDA for the fiscal year shall be at least $350,000.00.
Profitable means Rapidtron's EBITDA for the fiscal year shall be at least $500,000.00.
Examples of Profitable in a sentence
Profitable long-term worldwide growth is our aim, responsible value creation our means of achieving it.
Your payout under this Profitable Growth Incentive Award (the “Award”) will depend on (i) the base award of growth performance stock units (“GPSUs”) shown on your Award Agreement and (ii) the Company’s or applicable profit centers’ performance during the two-year period beginning January 1, 201 and ending December 31, 201 (the “Performance Period”).
Until the earlier of the third anniversary of the Issue Date and the date upon which the Company achieves Profitable Operations, the Company shall not permit the aggregate amount of the accounts receivable of it and its subsidiaries from non-Credit Qualified Purchasers to exceed U.S.$10 million at any one time outstanding.
Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy.
With respect to any year during which it has been determined that the Employer has been Profitable, the Employer may award to such Participant the Employer Contribution Credits provided in Section 3(a) of this Agreement.
More Definitions of Profitable
Profitable means, with respect to any Person for any applicable period, such Person having positive Net Income for such period
Profitable means the Employer has positive pre-tax net income. All calculations related to the determination of whether the Employer was Profitable for a particular period shall be determined as of the Relevant Valuation Date.
Profitable means positive Net Income after Taxes, measured in accordance with generally accepted accounting principles consistently applied.
Profitable means achieving positive net proceeds after deducting all costs of operating the Business from the gross proceeds earned from the sale of the Products;
Profitable means positive net cash flow from the Company's business activities, excluding investment activities and losses from the disposal or write-off of the Company's IBM controller
Profitable means that Tenant shall achieve four (4) successive quarters of positive earnings after interest and taxes, but before depreciation and amortization, as reported in Tenant's 10Q. Tenant's profitability under this Section 6 must be approved by Landlord prior to rescission of the Letter of Credit. Evidence of profitability shall consist of a copy of Tenant's annual audited financial report for a full fiscal year (including said four successive quarters), including its balance sheet and its statement of earnings and cash flow for a full fiscal year, in each case certified (without material qualification) in a manner acceptable to Landlord by Tenant's CFO and by Tenant's independent public accountant, to the effect that the financial report was prepared in accordance with generally accepted accounting principles consistently applied, and present fairly the financial condition of the Tenant as of the dates thereof and the results of Tenant's operations for the fiscal year. If Landlord has any objections to the Tenant's financial report or the certifications thereof, Landlord shall deliver a detailed statement describing its objections to the Tenant within thirty (30) days after receiving them. Landlord and Tenant shall use reasonable efforts to resolve any such objections themselves. If the parties cannot do so within thirty (30) days after the Tenant has received the statement of objections then the parties shall select a nationally-recognized accounting firm (excluding the parties' respective regular outside accounting firms) mutually acceptable to them to resolve any remaining objections. If the parties are unable to agree on the choice of an accounting firm, it shall be selected by the presiding judge of the Washington County Circuit Court. The determination of any accounting firm so selected will be set forth in writing and will be conclusive and binding upon the Parties. The losing party shall pay the fees and expenses of any such accounting firm, as determined by whether Tenant's financial report is upheld by such accounting firm as satisfactory evidence of Tenant's profitability as defined herein. Tenant shall make its work papers and back-up materials used in preparing the financial report available to both the Landlord's accountant and any accountant retained to resolve Landlord's objections at reasonable times and upon reasonable notice.
Profitable means that the Company, together with its subsidiaries, has a positive net income calculated in accordance with generally accepted accounting principles as applied in the United States after giving effect to the Annual Bonus and the annual bonuses of other officers and employees of the Company and its subsidiaries.