Consolidated Net Income

Consolidated Net Income. Shall mean, with respect to any Person, for any period, the amount of consolidated net income (or loss) of such Person and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

Consolidated Net Income. The definition of "Consolidated Net Income" in Section 1.25 of the Loan Agreement is hereby amended by deleting the second parenthetical appearing in such definition in its entirety and replacing it with the following: "(excluding to the extent included therein any extraordinary or non-recurring gains or any non-cash losses)".

Consolidated Net Income. For any period for which such amount is being determined, the net income (loss) of the Guarantor and its Consolidated Subsidiaries during such period determined on a consolidated basis for such period taken as a single accounting period in accordance with GAAP, provided that there shall be excluded (i) income (or loss) of any Person (other than a Consolidated Subsidiary) in which the Guarantor or any of its Consolidated Subsidiaries has an equity investment or comparable interest, except to the... extent of the amount of dividends or other distributions actually paid to the Guarantor or its Consolidated Subsidiaries by such Person during such period, (ii) the income (or loss) of any Person accrued prior to the date it becomes a Consolidated Subsidiary or is merged into or consolidated with the Guarantor or any of its Consolidated Subsidiaries or the Person's assets are acquired by the Guarantor or any of its Consolidated Subsidiaries, (iii) the income of any Consolidated Subsidiary to the extent that the declaration or payment of dividends or similar distributions by that Consolidated Subsidiary of the income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Consolidated Subsidiary, (iv) any extraordinary after-tax gains and (v) any extraordinary pretax losses but only to the extent attributable to a write-down of financing costs relating to any existing and future indebtedness. View More

Consolidated Net Income. Means, with respect to any Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that (i) the Net Income (but not loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions paid in cash to the referent Person or a Wholly Owned... Restricted Subsidiary thereof, (ii) the Net Income of any Restricted Subsidiary shall be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (iii) the Net Income of any Person acquired in a pooling of interests transaction for any period prior to the date of such acquisition shall be excluded, (iv) the cumulative effect of a change in accounting principles shall be excluded, and (v) solely for purposes of determining the amount of Restricted Payments permitted under Section 4.07(A) from and after the Payment Date, the following items determined in accordance with GAAP shall be excluded from Consolidated Net Income commencing April 1, 2009, net of related tax benefits: (A) all non-cash restructuring charges; (B) all non-cash charges relating to the impairment or write-down of goodwill, intangible assets and investments and all non-cash charges relating to the amortization of intangible assets; (C) all non-cash compensation charges arising from grants of stock, stock options and other equity-based awards; and (D) all non-cash interest expense on convertible debt issued by the Company or any of its Restricted Subsidiaries that may be settled in cash and resulting from the Company's adoption and application of Financial Accounting Standards Board Staff Position No. APB 14-1 and any successor rule, pronouncement or interpretation. View More

Consolidated Net Income. The net income of Foot Locker and its subsidiaries for each fiscal year determined in accordance with generally accepted accounting principles and reported upon by Foot Locker's independent accountants but before provision for accrued expenses net of the related income tax reduction for payments to be made pursuant to this Plan.

Consolidated Net Income. For any period, the net income of Merger Sub and its subsidiaries (the "Consolidated Group") for such period determined on a consolidated basis in accordance with GAAP.

Consolidated Net Income. For any period, net income (excluding extraordinary items) after taxes of the Company and its Consolidated Subsidiaries on a consolidated basis, as determined in accordance with GAAP

Consolidated Net Income. Deleted

Consolidated Net Income. Means for any period, the net income of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with Generally Accepted Accounting Principles

Consolidated Net Income. Means, as of any date of determination, the total assets of the Borrower and its Consolidated Subsidiaries, less all liabilities of the Borrower and its Consolidated Subsidiaries. As used in this definition, "liabilities" means all obligations that, in accordance with GAAP consistently applied, would be classified on a balance sheet as liabilities (including without limitation (to the extent so classified), (a) Indebtedness; (b) deferred liabilities; and (c) Indebtedness of the Borrower or any... of its Consolidated Subsidiaries that is expressly subordinated in right and priority of payment to other liabilities of the Borrower or such Consolidated Subsidiary, but in any case excluding as at such date of determination any Junior Subordinated Debt owned by any issuer of Hybrid Equity Securities); provided that "liabilities" shall not include any Guarantees by the Borrower or any of its Consolidated Subsidiaries of any Midstream JV Term Loan Indebtedness (including the Guarantee by CERC under the CERC Subordinated Guaranty of Collection). View More