Accrued Profits definition
Accrued Profits has the meaning set forth in Section 4.1(b).
Accrued Profits. The Customer’s profits that are collected and paid at the end of the savings term and deposited in the Customer’s current account.
Examples of Accrued Profits in a sentence
To the extent the amount of any pre-Closing Accrued Profits are determined after the Closing Date and are not included in the Purchase Price Adjustment, Buyer shall, within 10 Business Days of the determination of such pre-Closing Accrued Profits, pay to Seller an amount equal to such pre-Closing Accrued Profits.
Prior to the Closing Date, upon the written consent of Buyer, the Company shall be entitled to distribute to its shareholders, consistent with past practices, cash or assets in an amount equal to any Accrued Profits.