Operating Profit. A. Operating Profit, to the extent available, shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:
Operating Profit. A. So long as the Pooling Agreement has not been terminated in accordance with its terms with respect to one or more of the Hotels, Operating Profit for such Hotels with respect to periods for which the Pooling Agreement was in effect shall be distributed, to the extent available, as provided in the Pooling Agreement and the provisions of Section 3.02.B shall not apply.
Operating Profit. 10 ARTICLE IV
Operating Profit. 8 ARTICLE IV ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS
Operating Profit. 4.1 The Operating Profit will be determined for each Period and will be obtained by subtracting the value that results from the sum of the Contractual Value of Hydrocarbons and other revenues indicated in subsection 8.5 of this Annex 3 in the relevant Month, Recoverable Costs Reimbursement and the Royalties actually paid to the State, in accordance with the following formula: = + − − Where: = Operating Profit in Period . = Additional revenues indicated in subsection 8.5 of this Annex 3. = Contractual Value of the Hydrocarbons in Period . CRt = Recovery of Costs in Period . Rt = Royalties actually paid to the State in Period .
Operating Profit. Operating Profit" shall mean, with respect to any given period of time, the excess of Gross Revenues over Expenses, determined, subject to this Agreement, in accordance with Generally Accepted Accounting Principles.
Operating Profit. 5.4.1 Operator shall retain any Operating Profit in the DPAC operating account until the final Annual Independent Audit has been completed. Operator shall make any distributions of Operating Profit to the City and to itself within ten (10) working days after Operator provides the final Annual Independent Audit to the City in accordance with section 5.7.
Operating Profit. 4.1 The Operating Profit will be determined for each Period and will be obtained by subtracting the Recoverable Costs Reimbursement and the Royalties actually paid to the State from the Contractual Value of the Hydrocarbons, in accordance with the following formula: 𝑈𝑂𝑡 = 𝑉𝑃𝐶𝑡 − 𝐶𝑅𝑡 − 𝑅𝑡 Where: 𝑈𝑂𝑡 = Operating Profit in Period 𝑡. 𝑉𝐶𝐻𝑡 = Contractual Value of the Hydrocarbons in Period 𝑡. CRt = Recovery of Costs in Period 𝑡. Rt = Royalties actually paid to the State in Period 𝑡.
Operating Profit. The aggregate net income of the Xxxxxxxxx, Inc. and ---------------- ------------------- CBN/XXX-XX for the first six (6) months of 1999 as described in the Interim ---------- Financial Statements (the "Pre-audited Net Income") shall not have decreased by more than Ten Thousand Dollars ($10,000) for the same period from the net income (cash basis adjusted) described in the audited version of the Interim Financial Statements (the "Audited Net Income") to be delivered within thirty (30) days following the Closing. In the event the Pre-audited Net Income is less than the Audited Net Income by more than Ten Thousand Dollars ($10,000), the Stockholder shall be obligated to indemnify COMPS pursuant to Section 5.2 below for an ----------- amount equal the product of (i) five (5) times the difference between such Pre- audited Net Income and the Audited Net Income, multiplied by (ii) two (2). This ---------- product represents the annualized result.
Operating Profit. In each Fiscal Year, Operating Profit shall be distributed to Owner and to Manager in the following order of priority:
