GIP Sample Clauses
The GIP (Gross Income Proceeds) clause defines how gross income or proceeds from a particular activity, such as a business venture or project, are calculated and allocated among the parties involved. Typically, this clause outlines what constitutes gross income, specifies any allowable deductions, and details the timing and method of distribution. For example, it may clarify whether gross income includes all revenues before expenses or only certain types of receipts. The core practical function of the GIP clause is to ensure transparency and prevent disputes by clearly establishing the basis for financial calculations and distributions between parties.
GIP. A will convey its remaining membership interest in MLP Operating (the “GIP-A LP Interest”) to the Partnership in exchange for (i) 35.1633907% of the GIP Common Units, (ii) 17.5816953% of the Sponsor Subordinated Units and (iii) the right to receive 35.1633907% of the Deferred Issuance and Distribution (collectively, the “GIP-A Consideration”).
GIP because of the personality of its founders, its designers, its original trademark policy and the quality of its techniques, has acquired worldwide fame and prestige in the fashion design industry and has crystallized a growing and faithful clientele.
GIP. The study will also identify the approximate total costs, based on per unit costs, of mitigating these impacts, along with an equitable allocation of those costs to Interconnection Customers for their individual Generating Facilities.