Adjusted Net Income

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

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

Adjusted Net Income. As of the end of each month, the Seller's net income (calculated excluding, for any relevant period of determination, the Seller's one-time, loan loss provision in the amount of $4,010,000 that was established on December 31, 2011), determined in accordance with GAAP, for the twelve consecutive months then ended shall not be less than One Dollar ($1.00).

Adjusted Net Income. The net income of 3M as reported in the Consolidated Statement of Income as adjusted to exclude special items

Adjusted Net Income. Net income (or loss) calculated in accordance with GAAP , excluding all unrealized gains and losses and after giving effect to all expenses paid to or on behalf of the Manager in connection with acquiring or managing the Investments, including amortization of capitalized costs of Investments, but not including costs that have been capitalized. For purposes of this calculation, interest expense will be calculated using the average Debt outstanding during the applicable Calculation Period (as... defined in section 5.3.1) and the weighted average cost of funds for the actual debt outstanding during the same Calculation Period. View More