Distribution of Net Income. A. All Net Income, if any, of the Partnership for each calendar year shall be distributed in the following order of priority:
Distribution of Net Income. Initial distribution of net income will occur within six (6) months of receipt of proceeds from marketing and/or commercialization of intellectual property. Subsequent distribution will be made semi-annually on or about June 1 and December 1 each year. If an infringement suit or claim of patent or copyright invalidity is brought against the University, external intermediary, and/or Creator during the life of the patent or copyright, the net income distribution attributable to that patent or copyright may be halted during the pendency of the suit, and adjusted accordingly for expenses from defending such suits or claims, and for any settlement or judgment.
Distribution of Net Income. (a) The Board of Governors shall determine annually what part of the Fund's net income shall be placed to reserve and what part, if any, shall be distributed.
Distribution of Net Income. An amount equal to 50% of the Distributable Net Income (as hereinafter defined) shall be distributed to each party from time to time, as determined by the Management Committee. "Distributable Net Income" for any period shall mean the excess, if any, of (i) the net income for such period over (ii) the aggregate net losses for all prior periods to the extent not offset against net income for prior periods in computing "Distributable Net Income" for such prior periods.
Distribution of Net Income. Client shall cause the Net Income of the Proposed Project to be distributed as follows: First, until the first $3,000,000.00 of the EB‐5 Financing is returned to the EB‐5 investors, 80% of the cash will be returned to the EB‐5 investors and 20% to owners of the Owner Entity. Second, after the first $3,000,000.00 of the EB‐5 Financing is returned to the EB‐5 investors and until the entire amount of the EB‐5 Financing has been returned to the EB‐5 investors, 70% of the cash will be returned to the EB‐5 investors and 30% to owners of the Owner Entity. Third, after the entire amount of the EB‐5 Financing has been returned to the EB‐5 investors, 100% of the cash will be returned to owners of the Owner Entity.
Distribution of Net Income. Article 36 After approval of the annual report, the net income of the Bank shall be distributed at the discretion of the Council of the Bank and may be added to the reserve capital or used for other purposes. XI PROCEDURE FOR ADMISSION OF NEW MEMBERS AND WITHDRAWAL FROM THE BANK
Distribution of Net Income. While the Surviving Settlor is living, the Trustees shall pay to or use and apply for the benefit of the Surviving Settlor all the net income in monthly or other convenient installments, but not less frequently than quarterly.
Distribution of Net Income. Subject to the approval of the Board of Managers, the Company shall distribute 80% of the Company’s Net Income to the Members no later than May 15 of each year or earlier if possible in accordance with their respective Percentage Interests. Thereafter, the balance of the Company’s Net Income, less any amount that the Board of Managers determines the Company needs to retain for investment in its Business, shall be distributed to the Members in accordance with their respective Percentage Interests. Amounts withheld pursuant to Code Sections 1441, 1442, 1445 or 1446 with respect to any Member shall be treated as amounts distributed to such Member on the date each such withholding is made for all purposes of this Agreement and shall be credited against amounts otherwise distributable to such Member pursuant to this Agreement.
Distribution of Net Income. Any Net Income resulting from the sale of Mineral Products for distribution to the Participants shall be calculated by the Operator separately for each Participant at the end of each calendar month and shall be paid monthly within fifteen (15) days after the end of each calendar month following payment to the Management Committee by each Participant of its respective Cost Share outstanding as at the end of that calendar month. Until such time as Yukon Inc. has recovered its $1,000,000 contribution, the Management Committee shall allocate and pay the first 75% of any Net Income from the sale of Mineral Products to Yukon Inc. The remaining 25% of such Net Income shall be distributed to the Participants in accordance with their respective Interests. After Yukon Inc. has been repaid its $1,000,000 contribution, all Net Income shall be distributed to the Participants in accordance with their respective Interests.
Distribution of Net Income. Distribution to Owner will be net of Agent's commissions, advertising and/or other authorized expenses, as well as Hawaii State General Excise Tax to which Agent will pay on behalf of Owner, if so instructed in writing, as long as Agent is holding sufficient funds in the Owner’s account. Such net income will be disbursed to the Owner by the 15th day of each month unless Owner instructs payment on a later date, or Tenant fails to pay rent on time. Any deposits made after the 15th will be reflected in the following month.
