Trading Profits Sample Clauses

Trading Profits. All Trading Profits received by Executive within the 24-month period preceding the first public announcement by the Company of the Material Restatement, regardless of whether such Trading Profits would have been received had the Company’s consolidated financial results that are the subject of the Material Restatement initially been reported correctly.
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Trading Profits. The Executive shall pay to the Company in cash the amount of any Trading Profits for which recoupment is sought. In addition to or in lieu of the Executive’s obligation to repay Covered Compensation in accordance with the foregoing, the Company may, in its discretion, temporarily or permanently cancel its obligation to make any further payments to the Executive under the STIC Program or to make any further awards to the Executive under the Stock Plan.
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Trading Profits. Client wants to take advantage of short-term trading opportunities, which may involve establishing and then liquidating positions quickly.
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Trading Profits. An investment objective of Trading Profits indicates that you seek to take advantage of short-term trading opportunities, which can involve establishing and liquidating positions quickly. Some examples of typical investments might include short- term purchases and sales of volatile or low-priced common stocks, put or call options, spreads, straddles and/or combinations on equities or indexes*. This is a high-risk strategy. Growth and Income. An investment objective of Growth and Income indicates that you seek a mix of growing principal value and generating income from investments and you are willing to invest in securities with moderate historical risk of loss of principal while having the potential to pay income. Some examples of typical investments might include common stocks, medium-term fixed-income investments and growth and income mutual funds.
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Trading Profits. In an effort to create a mechanism for profit consistent with Fund operations and objectives, the managing member and portfolio manager established a related / affiliated entity called Loanmod, LLC (“Loanmod”). Loanmod is operated by the managing member and seeks to create a trading profit by contracting to purchase loans or loan pools at a price lower than that to be paid by the Fund. Where practicable and in keeping with the Fund’s overall objective, the manager will purchase loan assets from Loanmod generating a trading profit. Any such purchase is subject to the duty owed by the Managing Member to the Fund or Funds and based upon the overall quality of the portfolio purchased, the seasoning of the loan(s) and the value of the collateral securing the loans. Any trading profit realized by Loanmod will reduce the net return to investors and, therefore, is subject to a self imposed “cap” or limit as follows: Trading profits as described herein shall not, under any circumstances, exceed 10% of the pool’s total aggregate unpaid balances at the time of purchase. For example, trading profit from a loan pool with aggregate unpaid balances totaling 1 million dollars cannot exceed $100,000 (10% of 1,000,000). In most cases, pricing is determined on a loan by loan basis (aka “loan level pricing”). Each loan in a pool is evaluated based on the underwriting standards described herein to determine the amount, if any, of trading profit available. Loanmod will not be included in the assignment chain and, therefore, functions as a “riskless principal” in the transactions described above.
Sample 1
Trading Profits. Xxxxx & Daughter started trading on 1 October 2010, making up accounts to 30 September. Xx Xxxxx and his daughter share profits equally. The trading profits are: Year ended 30 September 2011 £32,000 Year ended 30 September 2012 £36,000 2010/11 assessment for each partner: 1.10.10 to 5.4.11: 6/12 × £32,000/2 2011/12 assessment for each partner: £8,000 12 months to 30.9.11 £16,000 • So each partner has been taxed on £24,000 in respect of the £16,000 profit share of the first year. This means that there are overlap profits of £8,000 for each partner, which are carried forward. Closing year Unincorporated businesses closing down are taxed on the profits from the end of the last period taxed to the cessation of trade. The tax assessed can therefore be based on more than 12 months’ profits. For example, a partnership makes up its accounts to 30 June each year and stops trading on 31 January 2012. • Each partner’s assessment for the tax year 2010/11 will be on that partner’s share of profits of the year ended 30 June 2010. • In the final tax year, 2011/12, each partner’s tax assessment will be on that partner’s share of profits of the period 1 July 2010 to 31 January 2012, the whole 19 months since the end of the accounting period taxed in the previous year. • Partners might have overlap profits to deduct. However, where the profits earned early in the business were comparatively small, the overlap relief will also be small, leaving a large tax liability for the final year. Partners joining and leaving a continuing business New partners joining an existing partnership are individually taxed under the ‘new business’ rules for their first and second (and possibly third) years.
Sample 1
Trading Profits. An investment objective of Trading Profits indicates that I seek to take advantage of short-term trading opportunities, which may involve establishing and liquidating positions quickly. Some examples of typical investments might include short-term purchases and sales of volatile or low-priced common stocks, put or call options, spreads, straddles and/or combinations on equities or indexes.* This is a high-risk strategy. Growth and Income. An investment objective of Growth and Income indicates that I seek a mix of growing principal value and generating income from investments and I am willing to invest in securities with moderate historical risk of loss of principal while having the potential to pay income. Some examples of typical investments might include common stocks, medium-term fixed-income investments and growth and income mutual funds. * Retirement accounts may not be approved for margin trading privileges. Margin is required to sell covered puts and uncovered puts and call options, conduct spreads, and to write straddles and combinations on equities or indexes.
Sample 1
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Trading Profits. (I want to take advantage of short-term trading opportunities, which may involve establishing and then liquidating positions quickly). 2 SPECULATION (I am interested in taking above-average risks to principal in an attempt to achieve above-average returns). The above information regarding my investment objectives represents my current preference and supersedes any indications of such preferences that I may previously have provided to Xxxxxxx Sachs other than information specifically supplied with respect to options transactions. If margin transactions are contemplated, I acknowledge that I have had an opportunity to discuss with you the risks associated with the use of margin and that the use of margins is consistent with my investment objectives, including, if applicable, the designation of safety of principal as my primary investment objective. If the above information regarding my investment objectives changes, at the time of such change I will orally advise the Xxxxxxx Xxxxx representatives referred to above and, at the same time, I will provide written notice of the change in investment objectives. You are entitled to rely on the foregoing information and other information which I have provided to you until your receipt of a written notice of the change in such information. I understand that, in accordance with Xxxxxxx Sachs' policies, the following transactions will not be executed by you on a discretionary basis: (i) the purchase of securities where Xxxxxxx Xxxxx is a participant in any registered public offering; (ii) the purchase of debt securities which are unrated or which are rated by either Xxxxx'x or S&P as below investment grade (Baa-1/BBB) unless a) the debt securities have been pre-refunded with U.S. Government or U.S. Government agency securities; b) the debt securities appear in the High Yield Recommended List published in the Private Client Focus (including any additional issues of the same entity which have equivalent or higher published ratings); or c) the debt securities are convertible, without the payment of cash or other consideration, into equity securities which are rated as "market performers" or better by the Research Department.
Sample 1

Related to Trading Profits

  • Program Income Income directly generated from funds provided under this Contract or earned only as a result of such funds is Program Income. Unless otherwise required under the Program, Grantee shall use Program Income, as provided in UGMS Section III, Subpart C, .25(g)(2), to further the Program, and Grantee shall spend the Program Income on the Project. Grantee shall identify and report Program Income in accordance with the Contract, applicable law, and any programmatic guidance. Grantee shall expend Program Income during the Contract term, when earned, and may not carry Program Income forward to any succeeding term. Grantee shall refund Program Income to the System Agency if the Program Income is not expended in the term in which it is earned. The System Agency may base future funding levels, in part, upon Xxxxxxx’s proficiency in identifying, billing, collecting, and reporting Program Income, and in using Program Income for the purposes and under the conditions specified in this Contract.

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Revenue All revenue from the event activities may be retained by Permittee.

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Interest Income Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).

  • Net Profit The current and accumulated operating earnings of the Employer after Federal and state income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other Qualified Plan of the Employer, unless the Employer has elected a different definition in the Adoption Agreement. Unless elected otherwise in the Adoption Agreement, Employer contributions to the Plan are not conditioned on profits.

  • Incentive Fee The Incentive Fee shall consist of two parts, as follows:

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