Minimum Net Income definition

Minimum Net Income. Before Tax Amount for 2008: Notwithstanding anything herein to the contrary, in no event shall the 2008 Earnout be paid unless at least 77.6% of the Net Income Before Tax Milestone for 2008 is achieved.
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Minimum Net Income means (i) RMB30 million for the year ending December 31, 2011, (ii) RMB34.5 million for the year ending December 31, 2012, and (iii) RMB39.67 million for the year ending December 31, 2013.
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Minimum Net Income means and shall be defined as being the consolidated net income but without giving affect to charges to income, if any arising from the release of the Escrow Shares in the manner more particularly set forth in the Article 5.2, hereinabove, and as reasonably determined under generally accepted accounting principles. The "minimum net income" per share (fully-diluted) shall be calculated without giving affect to 200,000 shares of common capital stock in the Corporation.
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Examples of Minimum Net Income in a sentence

  • Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) FYE within 180 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Board-approved Projections First Business Day of month following Board approval, but at least annually Yes No Maintain at all times (tested monthly on a consolidated basis): Minimum EBITDA * $ Yes No Minimum Net Income ** $ Yes No * As set forth in Section 6.11(a) of the Agreement.

  • Section 6.18 of the Credit Agreement is ------------------------- amended in its entirety to read as follows: Monthly Minimum Net Income.

  • Permit the aggregate Net Income to be less than the Minimum Net Income Requirement (SCHEDULE SECTION 6.3.B.).

  • The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept.

  • Monthly within 20 days Yes No A/R Audit Initial and Semi-Annual Yes No Annual Projections Upon Request Yes No Total amount of Borrower’s cash and investments maintained with Bank and Bank Affiliates All cash and investments other than the Permitted Foreign Accounts Yes No Measured on a Monthly Basis: Minimum Adjusted Quick Ratio 1.10:1.00 ______:1.00 Yes No Measured on a Quarterly Basis: Minimum Net Income See attached chart $ _________ Yes No Comments Regarding Exceptions: See Attached.

  • Quarterly Net Income of not less than the following: Measuring Period Minimum Net Income Quarter Ending 3/31/09 ($1,750,000 ) Quarter Ending 6/30/09 ($1,150,000 ) Quarter Ending 9/30/09 ($475,000 ) Quarter Ending 12/31/09 $250,000 Bank and Borrower shall mutually agree upon Quarterly Net Income levels for 2010 on or prior to December 31, 2009.

  • The Target Growth Rate is 20%; and the Minimum Net Income is the amount calculated on the same basis as the Target Net Income except that the Minimum Growth Rate is substituted for the Target Growth Rate.

  • Measured on a Monthly Basis: Minimum Adjusted Quick Ratio 1.25:1.00 _____:1.00 Yes No Measured on a Quarterly Basis: Minimum Net Income See attached chart $______ Yes No Comments Regarding Exceptions: See Attached.

  • The Borrower is in default under Section 6.12 Minimum Net Income and Section 6.13 Minimum Book Net Worth as of March 31, 2003 and through August 31, 2003 (the “Existing Defaults”).

  • The Borrower shall achieve Minimum Net Income, beginning in January of 1998, in accordance with covenant amounts established by the Lender, in its sole discretion, based upon the Borrower's projections to be delivered in accordance with Section 6.1(f) herein.


More Definitions of Minimum Net Income

Minimum Net Income is defined in Section 2 of Schedule 10.1. “Net Income Shortfall” is defined in Section 5.3.4.
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Minimum Net Income means greater than [ ] Notwithstanding anything to the contrary herein, Minimum Net Income covenant is waived for 2022 and is to be tested quarterly beginning Q1 2023 and build to TTM. “Minimum Net Worth” means [ ] ATNW (ATNW = Total assets less Total liabilities). “Maximum Trust Release Amount” means [ ] of the Facility Amount. “Permitted Dividend Percentage” No Restrictions “Required Amount” means none, the amount required to be deposited into the Cash Pledge Account by Paragraph 5(b) (and subparagraph 7(a)(vi)) of the Agreement. “Seller’s Operating Account” means the following NexBank deposit account: Bank: NexBank Address: ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1100, Dallas Texas 75201 ABA Number: [ ] Account Name: [ ] Account Number: [ ] Reference: [ ]
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Related to Minimum Net Income

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Consolidated Net Income means, with respect to any specified 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: