Common use of Excess Profit Clause in Contracts

Excess Profit. (a) The end value is [£ ] (“End Value”) this being the estimated sale value of the Fixed Asset at the date of practical completion based on the assumption that the Fixed Asset is sold on the open market:

Excess Profit. (a) The end value is [£ ] (“End Value”) this being the estimated sale value of the Fixed Asset at the date of practical completion based on the assumption that the Fixed Asset is sold on the open market:: with a good and marketable title; free from all charges and other encumbrances over the land; and with the benefit of any subsisting leases‌ and includes an uplift of [ ]% which represents the expected profit.

Excess Profit. (a) The end value is [£ ] (“End Value”) this being the estimated sale value of the Fixed Asset at the date of practical completion based on the assumption that the Fixed Asset is sold on the open market:: with a good and marketable title; free from all charges and other encumbrances over the land; and with the benefit of any subsisting leases and includes an uplift of [ ]% which represents the expected profit.