DIVISION OF PROFITS. Property will be sold for cash unless otherwise agreed in writing. Investor will receive 100% of their original investment, including associated closing and any other costs for the said property in addition to 50% of all NET profits made. Manager will receive 50% of all NET profits made. Profits are the difference between the amount of the purchase (including closing costs and taxes) and sales agreement when buying and selling the property. Specifically excluded are either party’s fixed costs associated or unassociated with the purchase or sale of this property (i.e. marketing.)
DIVISION OF PROFITS. The Company shall, after payment of its corporate income tax, annually certain proportion of at least 10% of the remaining profits will be used for establishing a reserve fund. This will be subject to the decision of the Members’ Council from time to time. In accordance with the ratio of the Charter Capital contribution of the Parties as stated in Article 9 above, the remaining profits of the Company shall be allocated to the Parties based on the ratio of the Charter Capital contribution according to the decisions of the Members’ Council.
DIVISION OF PROFITS. Subject to the rights of persons, if any, entitled to shares with special rights as to dividends, all dividends shall be declared and paid according to the amounts paid or credited as paid on the shares in respect whereof the dividend is paid, but if and so long as nothing is paid upon any of the shares in the Company, dividends may be declared and paid according to the amounts of the shares.
DIVISION OF PROFITS and Losses from the sales of a Product arising out of the Development Program for cancer indications shall * from the date of the Initial Commercial Sale or license to a third party, its Affiliates, or sublicensees of such Product in such country (or, if the parties are Co-Promoting a Product in a country, the date on which premarketing expenses are first incurred), until *
DIVISION OF PROFITS. 39 8.4. Bulk Sales Compliance..........................................40 8.5. Litigation Support.............................................40 8.6.
DIVISION OF PROFITS. Since October, 1998 and from time to time after the date hereof and prior to the Closing Date, Buyer has provided and shall continue to provide Seller with orders and designs for certain pieces of furniture and Seller has filled and shall continue to fill such orders using such designs and collect payment therefor. Buyer has also provided and shall continue to provide Seller with certain marketing, sales and general advisory services agreed upon by Seller and Buyer. In consideration of the foregoing, Seller shall pay to Buyer (i) an amount equal to $121,076.91 per month for the period beginning on November 1, 1998 and ending on the last day of the month in which the Closing occurs or (ii) in the event that this Agreement is terminated prior to the Closing Date, an amount equal to $121,076.91 per month for the period beginning on November 1, 1998 and ending on the date of such termination (pro rated for any period less than a full month). Buyer shall pay the amount determined by wire transfer of immediately available funds at the Closing or within three business days of such termination, as the case may be.
DIVISION OF PROFITS. Profits of the joint venture company shall be distributed to the parties according to each party's respective share holdings in the joint venture company.
DIVISION OF PROFITS a) The Parties agree to vote their shares in all shareholders’ meetings held during 2016 such that during this year, dividends against profits earned in 2015 and earlier that are retained in the assets of the company on December 31, 2015 are not issued or paid.
DIVISION OF PROFITS. 56. The profits of the Corporation, if divided, shall be shared among the parties in proportion to their respective subscriptions. LIABILITY OF THE PARTIES HEREUNDER
DIVISION OF PROFITS. In the event of any subletting of the demised premises or any part thereof, the profits resulting therefrom (as defined below) shall be apportioned Fifty percent (50%) to Landlord and Fifty percent (50%) to Tenant. As used herein, the term "profits" with respect to any sublease of the demised premises shall mean the excess, if any, of any and all sums actually collected by Tenant under or in connection with such sublease, over (i) the total sums Tenant is obligated to pay to Landlord under this Lease (prorated to reflect the obligations applicable to that portion of the demised premises subject to such sublease), (ii) rental or other payments received that are attributable to the amortization over the term of the sublease of the cost of leasehold improvements made to the sublet portion of the demised premises by or for Tenant and at Tenant's expense, and (iii) Tenant's reasonable costs in subleasing the space (including reasonable commissions and reasonable legal fees and expenses) or in enforcing the terms of the sublease or pursuing any remedies against the subtenant, including reasonable legal fees and expenses. It is expressly understood and agreed that the term "profit" shall not include all or any part of the consideration received by Tenant in connection with the sale of its business (either by asset sale, stock sale, merger, or otherwise, herein, a "Sale of Business") to a purchaser which operates the same type of business thereafter in the demised premises, whether or not Tenant and such purchaser allocate part of the purchase price paid in such Sale of Business to the purchaser's acquisition or assignment of Tenant's rights under this Lease. The preceding sentence shall not relieve Tenant of its obligation to obtain Landlord's reasonable consent to any assignment, sublease or other transfer entered into as part of a Sale of Business, provided Landlord shall not have the right to terminate this Lease in lieu of granting or denying such consent. 8/87 ed.
