Restructuring Charge definition

Restructuring Charge means the $5,661,000 pre-tax charge of the Company for the first fiscal quarter of 2001 relating to the elimination of workforce and consolidation of operations in southwest Michigan.

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Restructuring Charge means an amount equal to the lesser of (i) $10,200,000 or (ii) the actual amount paid or the obligation actually incurred by Debtor to International Business Machines Corporation ("IBM") in the Subject Fiscal Quarter as a result of the discontinuance or termination by the Debtor or its Affiliates of the Agreement for Information Technology Services, dated September 1, 1998, by and between Debtor and IBM.

Restructuring Charge. In the third quarter of 1998, MCN ▇▇▇orded a $2,470,000 pre-tax ($1,605,000 net of taxes) restructuring charge related to certain international power projects. The charge was incurred as a result of refocusing MCN's strategic plan, particularly the decision to exit certain international power projects.

Examples of Restructuring Charge in a sentence

• The 1996 Restructuring Charge shall not be deemed to constitute a material adverse change.

• Section 1.1 as follows: ---------------------------------------------- Subsequent Additional Net Restructuring Charge.

• That certain nonrecurring restructuring charge of the Company to be taken in the second and/or third fiscal quarters of the 1998 fiscal year, provided, the aggregate amount of such Restructuring Charge (whether taken in the second fiscal quarter, the third fiscal quarter, or both fiscal quarters) shall not exceed $40,000,000.

• In addition to any other payments of principal of the Revolving Credit Loans required to be made by Borrower hereunder, the Borrower shall also be required to make an additional payment of principal of the Revolving Credit Loans by an amount equal to the cash proceeds actually received by Borrower relating to the Income Tax Benefit associated with its recognition of the Additional Net Restructuring Charge.

• Such payment(s) shall be due and payable within five (5) days of RCM's receipt of tax refund(s) arising as a result of its submission of a claim for such refund(s) due to its recognition of the Additional Net Restructuring Charge.

More Definitions of Restructuring Charge

Restructuring Charge means the restructuring charge or charges (including related charges and expenses reflected in the Company's "Other Income and Expense" and "Sales, General and Administrative Expenses" categories for accounting purposes) taken by the Company in the Company's fiscal quarter ending December 31, 1995 in an aggregate amount not to exceed $35,000,000."

Restructuring Charge means the $200 million charge ($124 million after related income tax benefits) to WPP's operating expense recorded in the third fiscal quarter of fiscal year 1993, which charge relates to (a) the closing and consolidation of certain facilities, (b) the write-off of certain equipment which will be replaced with modern and more efficient equipment and (c) severance, outplacement and other costs associated with plant closures and overhead reductions.

Restructuring Charge. An amount equal to the one-time charge against Consolidated Net Income of the Company and its Subsidiaries for the nine months of the Company ending September 30, 1995 incurred as a result of the reorganization of the Company's New York operations, relocation of sales, marketing and design personnel to Kannapolis, North Carolina and the Company's voluntary retirement program, as such amount is reflected in the consolidated financial statements of the Company and its Subsidiaries for such fiscal periods; provided that in no event shall the Restructuring Charge include the Yarn Spinning Charge.

Restructuring Charge means, with respect to any Person, the costs of restructuring business operations of such Person which are considered restructuring charges in accordance with GAAP and which are required to be disclosed as a component of income from continuing operations pursuant to Staff Accounting Bulletin No.67 (Income Statement Presentation of Restructuring Charges).

Restructuring Charge. In the third quarter of 1998, MCN recorded a $10,390,000 pre-tax ($6,753,000 net of taxes) restructuring charge related to the corporate realignment designed to improve operating efficiencies through a more streamlined organizational structure. The realignment includes cost saving initiatives expected to reduce future operating expenses. As of September 30, 1999, payments of $3,087,000 have been charged against the restructuring accruals relating to severance and termination benefits. These benefits will continue to be paid through 2000. The remaining restructuring costs, primarily for net lease expenses, are expected to be paid over the related lease terms that expire through 2006.

Restructuring Charge means the up to $77.4 million of pre-tax charges (including an extraordinary item) recorded by the Company in the quarter ended June 30, 1998 in connection with the restructuring and integration of the Company's operations into three divisions.

Restructuring Charge means a charge related to the reorganization of the Borrower’s ▇▇▇▇▇ Worldwide unit and/or to the sale, lease, outsourcing or other transfer of all or a portion of the airline operations of ▇▇▇▇▇ Worldwide Airlines, Inc.