Net Profit After Taxes means, for any fiscal period, the after-tax income of Borrower and its Subsidiaries for such fiscal period, as determined in accordance with GAAP. For the purposes of determining Borrower's compliance with Section 6.8 hereof, 'Net Profit After Taxes' shall not include any income adjustments required as a result of the recent GAAP pronouncement on goodwill."

Net Profit After Taxes means for any Person for any fiscal period, the pre-tax net income (or net loss) of such Person for such period, determined in accordance with GAAP, less all accrued taxes on or measured by income to the extent included in the determination of such net income (or loss); provided, however, that net income (or loss) shall be computed without giving effect to extraordinary losses or extraordinary gains, as determined under GAAP.

Net Profit After Taxes means, for any fiscal period, the after-tax income of Borrower and its Subsidiaries for such fiscal period, as determined in accordance with GAAP.

Examples of Net Profit After Taxes in a sentence

Borrower failed to cause Borrower and its Subsidiaries to achieve Net Profit After Taxes of not less than Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ended December 31, 2001, which failure constitutes an Event of Default under Section 8.1(c) of the Agreement.
Business Net Profit After Taxes for Past Two Years: Last Year $ Previous Year $ M.
Growth in Retained Earnings arising from the direct impact of the first half Net Profit After Taxes.
Business Net Profit After Taxes for Past Two Years: Last Year $ Previous Year $ N.
Net Profit After Taxes for past Two Years: Last Year $ Previous Year $ 10.

More Definitions of Net Profit After Taxes

Net Profit After Taxes means the net profit with respect to the subject business consistently applied and after Taxes (as defined in the Agreement) and exclusion of non-cash charges for stock option expense and goodwill amortization.

Net Profit After Taxes means, for any fiscal quarter, the consolidated income of Borrower and its Subsidiaries for such fiscal quarter, after payment of state and federal income taxes, as determined in accordance with GAAP.

Net Profit After Taxes means the residual amount of the gross revenue generated by the opal business which remains after the sale of opal product produced from the Xxxxxxx Property after all operating costs, depreciation, capitalized exploration and development costs and applicable taxes, including corporate income taxes, have been deducted.

Net Profit After Taxes means net income for such period of Borrower determined in accordance with generally accepted accounting principles ("GAAP"), consistently applied (excluding any extraordinary items, including without limitation income or expenses related to foreign exchange, swaps or other derivative transactions and changes in GAAP). 1.52 "NOTES" shall mean, collectively, the Term Note and the Capex Notes. 1.53 "NOTICE OF BORROWING/CONVERSION" shall have the meaning given to that term in Section 2.1(d). 1.54 "OVERADVANCE" shall have the meaning given to that term in Section 2.6(b). 1.55 "PARTICIPANT" shall mean any Person, now or at any time or times hereafter, participating with Lender in the Loans or other financial accommodations made by Lender to Borrower pursuant to this Agreement and the Ancillary Agreements. 1.56 "PERMITTED LIENS" shall mean the following: (i) Any Liens existing on the Closing Date and disclosed in Exhibit "F" or arising under this Agreement or the other Ancillary Documents;

Net Profit After Taxes means all of Borrower's income from whatever source less all of Borrower's expenses of operation, both direct and indirect including depreciation and amortization and less all taxes paid to all federal, state and local governmental authorities.

Net Profit After Taxes means, for any time period, the sum of the Borrower’s net income (loss) for such period, after the amount of income tax expense (or benefit) has been deducted (or added).