Adjusted Net Income

Adjusted Net Income. Means net income of Company, determined in accordance with GAAP.

Adjusted Net Income. Means, with respect to any calendar or other fiscal year of the Company, the amount reported as "Net Income" in the audited Consolidated Income Statement of the Company and Subsidiaries for such year (as set forth in the Company's Annual Report to Shareholders for such year), adjusted to exclude any of the following items: (i) extraordinary items (as described in Accounting Principles Board Opinion No. 30); (ii) gains or losses on the disposition of discontinued operations; (iii) the cumulative... effects of changes in accounting principles; (iv) the writedown of any asset; and (v) charges for restructuring and rationalization programs. View More

Adjusted Net Income. Is determined as follows: Net Income of a Bank Plus Provision for credit losses (less negative provisions) Plus Off balance sheet provision for credit losses (less negative provisions) Plus Recoveries Less Charge-offs Plus/Less Acquisition adjustments on loans and deposits Plus/Less Other adjustments recommended by the Committee = Adjusted Net Income

Adjusted Net Income. Shall mean for any period, the Net Income of the Guarantor and its Subsidiaries determined on a cash basis for such period without recognizing any trading portfolio gains or losses in general, and specifically without giving effect to: (a) depreciation and amortization, (b) gains or losses that are classified as "extraordinary" in accordance with GAAP, (c) capital gains or losses on sales of real estate, (d) capital gains or losses with respect to the disposition of investments in... marketable securities, (e) any provision/benefit for income taxes for such period, (f) earnings from equity investments and unconsolidated joint ventures determined in accordance with GAAP, (g) losses attributable to the impairment of assets, (h) incentive fees paid in the form of the issuance of the Guarantor's common stock, (i) Cash Interest Expense, (j) income or expense attributable to the ineffectiveness of hedging transactions, and (k) interest accretions, whether in favor or against the Guarantor. Without limiting the foregoing, Net Income shall be determined before preferred stock dividends and shall include cash distributions from equity investments and unconsolidated joint ventures. View More

Adjusted Net Income. Means Net Income, subject to, and/or after giving effect to, any adjustments applicable pursuant to Section 9A(iv) at the time Business Criteria and Performance Target(s) are established for any Year or Years.

Adjusted Net Income. Shall mean income (loss) from continuing operations as defined by GAAP, excluding the following: (a) noncash impairments of goodwill, intangible and fixed assets and investments, (b) gains and losses on sales of operating assets and investments, (c) external expensed costs related to mergers, acquisitions, investments or dispositions, as well as contingent consideration related to such transactions, (d) amounts related to securities litigation and government investigations, (e) restructuring... charges or reductions in restructuring charges greater than $3 million, (f) reserves larger than $3 million established in connection with litigation, tax audits and similar governmental proceedings, (g) recoveries greater than $3 million in litigation and similar proceedings, (h) gains or losses recognized from the forgiveness of debt, (i) the impact of current year changes to accounting standards and tax laws, and (j) the impact of taxes on the items described in (a) through (i). View More

Adjusted Net Income. Means, for any Incentive Calculation Period, the excess, if any, of (i) the Company's Net Income for such period over (ii) the Loss Carryforward, if any, as of the end of the fiscal quarter immediately preceding such period; provided that for the purpose of this definition of Adjusted Net Income only, Net Income: (i) shall be determined after deducting all Quarterly Base Management Fee Amounts incurred during such period (including Quarterly Base Management Fee Amounts for the last fiscal... quarter of such period), (ii) shall be determined before determining the Quarterly Incentive Fee Amount for the last fiscal quarter of such period, and shall be adjusted by reversing any Quarterly Incentive Fee Amount charges for prior fiscal quarters during such period, (iii) shall be determined before any non-cash equity compensation expenses for such period (including any such expenses remaining to be charged with respect to such period and reversing any other such expenses previously charged during such period), and (iv) shall be adjusted to exclude one-time events pursuant to changes in GAAP, as well as non-cash charges after discussion between the Manager and the Independent Directors and approval by a majority of the Independent Directors in the case of non-cash charges. View More

Adjusted Net Income. Means, with respect to a particular Performance Period, the consolidated net income of the Company determined in accordance with generally accepted accounting principles, except (i) without reduction for income taxes and (ii) as adjusted for extraordinary or other unusual items and other items not contemplated at the time this Plan was adopted by the Board (such as changes in generally accepted accounting principles, ceiling test write-downs, natural disasters and other non-recurring items), as... determined by the Committee in its sole discretion. View More

Adjusted Net Income. For any period, the total consolidated revenues recognized in such period by CPA: 17, less the total consolidated expenses of CPA: 17 recognized in such period, excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves; provided, however, that Adjusted Net Income for purposes of calculating total allowable Operating Expenses shall exclude any gain, losses or writedowns from the sale of CPA: 17's assets.

Adjusted Net Income. For any period, the total revenues recognized in such period, less the total expenses recognized in such period excluding additions to reserves for depreciation and amortization, bad debts or other similar non-cash reserves, provided, however, if the Advisor receives a Subordinated Incentive Fee, Adjusted Net Income for purposes of calculating total allowable Operating Expenses shall exclude any gain, losses or writedowns from the sale of the Company's assets that gave rise to such Subordinated... Incentive Fee. View More