Common use of NET OPERATING PROFIT Clause in Contracts

NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Promotion Agreement, dated January 18, 2008 (“VIP Junket Promotion Agreement”) between Doowell Limited and Xxxxxxxx Investments Asia, Ltd. calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Gaming Promotion AgreementAgreement dated September 4, dated January 18, 2008 (“VIP Junket Promotion Agreement”) 2009 between Doowell Limited the Seller and Xxxxxxxx Investments Asia, Ltd. the Casino calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Gaming Promotion Agreement, dated January 18as of November 14, 2008 2009 (the “VIP Junket Gaming Promotion Agreement”) between Doowell Limited Unicorn Incorporation and Xxxxxxxx Investments AsiaChampion Lion Limited, Ltd. calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Promotion AgreementGaming Promoter Agreement dated November 9, dated January 18, 2008 2009 (the VIP Junket Promotion Gaming Promoter Agreement”) between Doowell Limited MGM Grand Paradise S.A. and Xxxxxxxx Investments Asia, Ltd. Sociedad Promocao de Jogos Iao Pou Limitada calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Promotion Agreement, dated January 18May 17, 2008 2011, between Cxxxx Lxxx Xxx and Casino, as such agreement may be amended, replaced or superceded from time to time (the “VIP Junket Promotion Agreement”) between Doowell Limited and Xxxxxxxx Investments Asia, Ltd. calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Macau Resources Group LTD)

NET OPERATING PROFIT. The Net Operating Profit generated by the Seller at the VIP Club located at the Casino is arrived at by the calculation of deducting the Chips Commission Paid to Promoters and Management Fee Paid from the Income received being Net Revenue from Gaming Operations from the Casino pursuant to the VIP Junket Promotion Agreement, dated January 18May 17, 2008 2011 (“VIP Junket Promotion Agreement”) between Doowell Limited Cxxxx Lxxx Xxx and Xxxxxxxx Investments Asia, Ltd. Casino calculated in accordance with the format annexed as Exhibit 2.

Appears in 1 contract

Samples: Profit Interest Agreement (Macau Resources Group LTD)

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